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2007-015 Council Resolution
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2007-015 Council Resolution
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Last modified
10/6/2014 4:07:09 PM
Creation date
10/6/2014 2:10:58 PM
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City Council
Council Document Type
Master List Resolution
Meeting Date
01/22/2007
Council Meeting Type
Regular
Resolution #
07-015
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• <br />• <br />AGENDA ITEM 1 E <br />STAFF ORIGINATOR Al Rolek <br />MEETING DATE January 22, 2007 <br />TOPIC Consider Resolution 07 -15 Authorizing the Issuance of the 2007 <br />Certificates of Indebtedness <br />Simple Majority (3/5) <br />VOTE REQUIRED <br />BACKER( <br />DJ <br />The 2007 budget called for the issuance of Certificates of Indebtedness in the amount of <br />$160,000 to be used for the purchase of capital equipment as part of our equipment replacement <br />program. <br />The Area and Unit Fund has sufficient reserves to issue a loan to finance these purchases. <br />A Special Levy will pay for this certificate in 2008, 2009 and 2010 and the levy proceeds will be <br />credited to the Area and Unit Fund. <br />The equipment to be funded with the 2007 Certificate of Indebtedness is listed on the attached <br />schedule. <br />1. Approve Resolution 07 -15 issuing the 2007 Certificates of Indebtedness <br />2. Return to staff for further review <br />RECOMP <br />Option 1. <br />A -7 <br />
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