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2009-108 Council Resolution
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2009-108 Council Resolution
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Last modified
8/28/2014 12:21:09 PM
Creation date
8/28/2014 11:33:07 AM
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City Council
Council Document Type
Resolutions
Meeting Date
12/14/2009
Council Meeting Type
Regular
Resolution #
09-108
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• <br />CONSENT AGENDA ITEM 1 E <br />STAFF ORIGINATOR Al Rolek <br />MEETING DATE 12/14/09 <br />TOPIC Resolution No. 09 -108 Authorizing the Transfer of Funds <br />from the Area and Unit Fund to the 2003A G.O. <br />Improvement Bond Debt Service Fund <br />VOTE REQUIRED Simple Majority <br />BACKGROUND <br />The 2003A Debt Service Fund was established to service the debt on several 2003 <br />improvement projects and to refund the 1996A bond issue. The 1996A debt was to be <br />retired using special assessments and resources of the Area and Unit Fund. Resolution <br />No. 09 -108 would transfer the necessary funds from the Area and Unit Fund for 2008 <br />debt service needs. <br />The amount of the transfer is $81,300.00. It is staffs recommendation that the City <br />Council approve Resolution No. 09 -108 authorizing this transfer. <br />OPTIONS <br />1. Adopt Resolution No. 09 -108. <br />2. Refer back to Staff for further consideration. <br />3. Deny Resolution No. 09 -108. <br />RECOMMENDATION <br />Option 1 <br />
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