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STAFF ORIGINATOR <br />DATE <br />TOPIC <br />AGENDA ITEM 4 - C <br />Dan Teach and Daryl E. Sulander <br />January 11, 1999 <br />Authorizing the Issuance of the 1999 Certificates of Indebtedness <br />The 1999 budget calked for the issuance of Certificates of Indebtedness in the amount of <br />$307,570 to be used for the purchase of capital equipment. <br />The Area and Unit Fund has sufficient reserves to issue a ban to finance these purchases. <br />A Special Levy will pay for this certificate in 2000, 2001 and 2002 and the levy proceeds will be <br />credited to the Area and Unit Fund. <br />The equipment to be funded with the 1999 Certificate of Indebtedness is listed on schedule G- <br />1 of the 1999 Budget. A copy of schedule G-1 Is attached. <br />1. Approve the issuance of the 1999 Certificates of Indebtedness <br />2. Retum to staff for further review <br />1. Approve the issuance of ate 1999 Certificate of Indebtedness. <br />