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RECOMMENDATION <br />• <br />• <br />• <br />AGENDA ITEM 1H <br />STAFF ORIGINATOR Al Rolek <br />MEETING DATE 11/28/11 <br />TOPIC Consideration of Resolution No. 11 -122 Approving Transfers For <br />Installment Payment On Interfund Loan For Recreation Complex <br />Land <br />VOTE REQUIRED <br />BACKGROUND <br />Simple Majority <br />The City Council approved Resolution No. 06 -212 providing for the repayment of the interfund loan <br />for the Recreation Complex land. The attached Resolution No. 11 -122 approves the transfers <br />necessary to make the 2011 installment of the approved repayment program. Staff recommends <br />approval of Resolution No. 11 -122. <br />OPTIONS <br />1. Approve Resolution No. 11 -122. <br />2. Refer to Staff for further review. <br />Option 1 <br />