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2006-203 Council Resolution
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2006-203 Council Resolution
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Last modified
9/19/2014 9:38:43 AM
Creation date
9/18/2014 1:04:48 PM
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City Council
Council Document Type
Master List Resolution
Meeting Date
12/11/2006
Council Meeting Type
Regular
Resolution #
06-203
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• <br />• <br />AGENDA ITEM 1 E <br />STAFF ORIGINATOR Al Rolek <br />MEETING DATE 12/11/06 <br />TOPIC Resolution No. 06 -203 Authorizing the Transfer of funds <br />from Area and Unit Fund to the Water Operating Fund <br />VOTE REQUIRED Simple Majority <br />BACKGROUND <br />Each year a transfer is budgeted from the Area and Unit Fund to the Water Operating <br />Fund to pay principal and interest on the 1996B G.O. Water Revenue Bonds. This <br />transfer is a part of the funding mechanism set up in the original bond documents. The <br />amount of the transfer is $299,725. It is staff's recommendation that Council authorize <br />this transfer as budgeted. <br />OPTIONS <br />1. Adopt Resolution 06 -203. <br />2. Refer back to Staff for further consideration. <br />3. Deny Resolution 06 -203. <br />RECOMMENDATION <br />Option 1 <br />
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