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AGENDA ITEM 4A <br />STAFF ORIGINATOR Mary M. Vaske <br />DATE: July 21, 1998 <br />TOPIC: Resolution 98-119 transferring funds from the Area and Unit Fund <br />to the G.O. Improvement Bonds 1992A <br />The 1992A bonds were sold to finance various projects including the West Central Trunk <br />project. In 1995, TIF funds were transferred to the Area and Unit Fund to help defray the cost <br />of the trunk. Annually, the City will need to transfer funds from the Area and Unit Fund to cover <br />the bond costs of the 1992A Bonds. <br />The Area and Unit Fund projections were presented to the Council in March 1998. The <br />transfers were included in the projections. <br />10. <br />5 <br />1. Adopt Resolution 98 -119. <br />2. Reject the resolution as presented. <br />Option 1 <br />