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2008-135 Council Resolution
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2008-135 Council Resolution
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Last modified
9/10/2014 10:36:58 AM
Creation date
9/5/2014 10:43:59 AM
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City Council
Council Document Type
Master List Resolution
Meeting Date
12/08/2008
Council Meeting Type
Regular
Resolution #
08-135
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• <br />• <br />• <br />CONSENT AGENDA ITEM 'ID <br />STAFF ORIGINATOR: Al Rolek <br />MEETING DATE: 12/8/08 <br />TOPIC: Resolution No. 08 -135 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. <br />Resolution No. 08 -135 would transfer the necessary funds from the Area and Unit Fund <br />for 2008 debt service needs. <br />The amount of the transfer is $82,813.00. It is staff's recommendation that the City <br />Council approve Resolution 08 -135 authorizing this transfer. <br />OPTIONS <br />1. Adopt Resolution No. 08 -135. <br />2. Refer back to Staff for further consideration. <br />3. Deny Resolution No. 08 -135. <br />RECOMMENDATION <br />Option 1 <br />
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