Title
Approval of a Resolution to Provide Notice and Intent to Sale Bonds in the aggregate principal amount of approximately $10,000,000.
Presented by Keith Lee, Finance Director
Body
Item Summary:
This resolution provides the City's notice and intent to sale bonds approved by voters on November 6, 2012. This resolution will authorize the issuance of bonds for the funding of the Fire Station, Adult Recreation Center Expansion, Synthetic Turf Fields, and certain Transportation Projects. This issuance will be for an amount not to exceed of $10,000,000, and is the first of two issues related to the approved General Obligation Bonds.
Committee or Staff Recommendation:
On January 15, 2013 the Administration, Finance and Recreation and Parks Committee recommended placing this Item on the Mayor and Council Agenda.
Financial Impact:
N/A
Presented by:
Keith Lee, Finance Director