Title
Approval of a Resolution to Provide Notice and Intent to Sell Bonds with a par amount not to exceed $4,940,000.
Presented by Keith Lee, Finance Director
Body
Item Summary:
This Resolution provides the notice and intent to sell bonds approved by referendum on November 6, 2012 and will authorize the issuance of bonds for a Fire Station, Adult Recreation Center Expansion, Synthetic Turf Fields, and Transportation Projects. The bonds will be sold on April 14, 2014 in a par amount not to exceed $4,940,000. This is the final of two issues related to the approved General Obligation Bonds.
Committee or Staff Recommendation:
On February 19, 2014 the Administration, Finance, Recreation and Parks Committee recommended placing this Item on the February 24, 2014 Mayor and Council Agenda.
Financial Impact:
The issuance of these bonds will not require a millage increase.
Presented by:
Keith Lee, Finance Director