City of Roswell - File #: 12-0489

• File #: 12-0489
• Version: 1
• Name: Reso - reimburse ourselves from bond proceeds.
• Type: Item with Resolution
• Status: Passed
• File created: 11/8/2012
• In control: Mayor and City Council
• On agenda: 11/14/2012
• Final action: 11/14/2012
• Title: Approval of a Resolution authorizing expenditures and reimbursements for projects approved in the November 6, 2012 Referendum. Presented by Kay Love, City Administrator

Date	Ver.	Action By	Action	Result
11/14/2012	1	Mayor and City Council	Approved	Pass

Title

Approval of a Resolution authorizing expenditures and reimbursements for projects approved in the November 6, 2012 Referendum.

Presented by Kay Love, City Administrator

Body

Item Summary:

This Resolution authorizes expenditures for projects approved in the November 6^th Bond Referendum and declares the City's intent under Treasury Regulations to obtain reimbursement of those expenditures through the sale of bonds.  The projects are as follows:  HBR/GA 400 Interchange Improvements, Fire Station #4 replacement, Eves and HBR multi-use trails/paths, Synthetic Turf Fields, and Adult Recreation Center Improvements to include a therapeutic pool.  The total of the projects is $14.7 million.

Committee or Staff Recommendation:

This item will be presented to the Administration Finance and Recreation and Parks Committee on November 13, 2012.

Financial Impact:

Fund balance will be used for cash flow to fund the projects in advance of receiving the funds from the sale of bonds.

Presented by:

Kay Love, City Administrator