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2004-042 Council Resolution
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2004-042 Council Resolution
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Last modified
11/4/2014 4:01:17 PM
Creation date
11/4/2014 11:43:41 AM
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City Council
Council Document Type
Master List Resolution
Meeting Date
03/22/2004
Council Meeting Type
Regular
Resolution #
04-042
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STAFF ORIGINATOR: <br />CITY COUNCIL <br />MEETING DATE: <br />TOPIC: <br />VOTE REQUIRED: <br />BACKGROUND: <br />AGENDA ITEM 7B (iii) <br />Michael .Grochala <br />March .22, .2004 <br />Resolution No. 04-42, <br />Declare Intent to Bond. Legacy at Woods <br />Edge <br />3/5 simple majority <br />The City Council is considering authorizing preparation of a report on improvements for <br />the proposed Legacy at Woods Edge. It is possible that the proposed public <br />improvements will be financed from bond proceeds. <br />The Internal Revenue Code requires Cities to declare its intent to reimburse project <br />costs from bond proceeds prior to encumbering project costs. This is a non - binding <br />declaration that must take place in order to finance projects in this manner. <br />RECOMMENDATION <br />Staff is recommending adoption of Resolution No 04 -42 <br />ATTACHMENTS <br />Resolution No. 04-42 <br />
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