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• <br />STAFF ORIGINATOR <br />MEETING DATE <br />TOPIC <br />VOTE REQUIRED <br />BACKGROUND <br />CITY COUNCIL <br />AGENDA ITEM lI <br />Al Rolek <br />12/9/13 <br />Consideration of Resolution No. 13 -138 Approving <br />Transfers For Partial Installment Payment on Interfund <br />Loan For Recreation Complex Land <br />Simple Majority <br />The City Council approved Resolution No. 06 -212 providing for the repayment of the <br />interfund loan for the Recreation Complex land. In 2012, the Dedicated Parks fund balance <br />was depleted and the fund is not able to contribute 50% of the payment at this time. The <br />City Council has determined that the General Fund portion of the payment plan will <br />continue in the absence of the Dedicated Parks payment. Resolution No. 13 -138 approves <br />the transfers necessary to make the 2013 partial installment of the approved repayment <br />program. <br />• <br />RECOMMENDATION <br />Staff recommends approval of Resolution No. 13 -138. <br />ATTACHMENTS <br />Resolution 13 -138. <br />• <br />