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Age <br /> REQUEST FOR COUNCIL CONSIDERATIONport Number: 9.0•C <br /> yviza 93-689C <br /> STAFF REPORT ReportlDate: 11-18-93 <br /> : <br /> S _ 0 Special Order of Business <br /> CTTY COUNCIL MEETING DATE November 22, 1993 0 Public Hearings <br /> 0 Consent Agenda <br /> Council Business <br /> Item Description: Consideration of Resolution No. 4453 Authorizing an Inter-Fund Loan <br /> Administrator's Review/Recommendation: <br /> - No comments to supplement this report <br /> - Comments attached. <br /> ExplanationiS-ummary_Cattach_supplement sheets as necessary)___ —-- —-_ —- • — — -_ — <br /> SUMMARY; <br /> The Golf Course financing package includes an interfund loan of $250, 000 <br /> from the Water Fund to the Golf Course Fund. Resolution 4453 'authorizes <br /> the loan and sets its terms: a twenty year loan at 7% interest payable <br /> on November 15 of each year. <br /> • <br /> • <br /> • <br /> (201.4-Nck3-11c • <br /> • <br /> Don Brager, Fina a Director-Treasurer <br /> • <br /> RECOMMENDATION: Motion to Waive the Reading and Adopt Resolution No. <br /> 4453 Authorizing an Interfund Loan from the Water Fund to the Co1f <br /> Course Fund <br />