Laserfiche WebLink
AGENDA ITEM 3A <br />STAFF ORIGINATOR Al Rolek <br />DATE January 7, 2002 <br />TOPIC Authorizing the Issuance of the 2002 Certificates of Indebtedness <br />VOTE REQUIRED Simple Majority (3/5) <br />BACKGROUND <br />The 2002 budget called for the issuance of Certificates of Indebtedness in the amount of <br />$140,000 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 2003, 2004 and 2005 and the levy proceeds will be <br />credited to the Area and Unit Fund. <br />The equipment to be funded with the 2002 Certificate of Indebtedness is listed on the attached <br />schedule. <br />OPTIONS <br />1 Approve the issuance of the 2002 Certificates of Indebtedness <br />2. Return to staff for further review <br />RECOMMENDATION <br />1. Approve the issuance of the 2002 Certificate of Indebtedness. <br />A-7 <br />