Title
Approval of a Resolution to Provide for the Regulation and Issuance of the 2014 Series Bonds.
Presented by Keith Lee, Finance Director
Body
Item Summary:
This Resolution provides for the regulation and issuance of the 2014 Series Bonds approved on November 6, 2012. This Resolution establishes the terms of the bonds, establishes the construction fund, and provides for the assessment and collection of an annual tax to pay the principal and interest.
Committee or Staff Recommendation:
On February 19, 2014 the Administration, Finance, Recreation and Parks Committee recommended placing this Item on the Mayor and Council Agenda.
Financial Impact:
The issuance of these bonds will not require a millage increase.
Presented by:
Keith Lee, Finance Director