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AGENDA ITEM 1 - C <br />STAFF ORIGINATOR Mary M. Vaske <br />DATE February 2, 1998 <br />TOPIC Authorizing the Issuance of the 1998 Certificates of Indebtedness <br />BA KGROUND <br />The 1998 budget called for the issuance of Certificates of Indebtedness in the amount of <br />$287,734 to be used for the purchase of capital equipment. <br />The Area and Unit Fund has sufficient reserves to issue a loan to finance these purchases. <br />A Special Levy will pay for this certificate in 1999, 2000 and 2001 and the levy proceeds will be <br />credited to the Area and Unit Fund. <br />Equipment to be funded with the 1998 Certificate of Indebtedness include: <br />Fire Capital Outlay $ 64,700 <br />Computer Hardware 13,600 <br />SnowblowerAttachmentfor Case 10,200 <br />Toro Groundsmaster 19,000 <br />Kustom Radar Unit 1,984 <br />(3) Squad Cars 72,000 <br />Police Computer Equipment 15,850 <br />Plow 4,150 <br />Single Axle Dump Truck 86,250 <br />Total <br />OPTIONS <br />$287,734 <br />1. Approve the issuance of the 1998 Certificates of Indebtedness <br />2. Return to staff for further review <br />FilEcommENDAt..0N <br />1. Approve the issuance of the 1998 Certificate of Indebtedness. <br />