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CC PACKET 12041996 (2)
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CC PACKET 12041996 (2)
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Last modified
4/19/2016 5:55:23 PM
Creation date
4/19/2016 5:55:21 PM
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SP Box #
37
SP Folder Name
CC PACKETS 1997
SP Name
CC PACKET 12041996
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• Two possible solutions to increase revenues would be: <br /> 1) At year end, transfer excess general fund revenues (similar to what we did <br /> when I.D.S. #282 wasn't paying annual rent)to the Community Service Fund. <br /> 2) Revise the debt service schedule for the New City Hall/Community Center <br /> to increase* the operation & maintenance contribution by $7,500 from the <br /> School District. <br /> * By increasing the school's O/M contribution it decreases their debt service contribution and <br /> extends the repayment of the $1,200,000 by three years (total of 23). <br /> • <br />
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