HomeMy WebLinkAboutReg 2003-10-20 Item 7A - Ordinance - Re-Fund Bond Issue for 1994 BondsI Timeline:
Sponsor's Summary:
CO L T'VCIL AGENDA Sr TOPSIS
Initialr
I Meeting Date Prepared by I Mayor's review I Council review 1
I 10/13/03 ARD 1 tea--4 I L. I
10/20/03 ARD 1 .,444- II sa d.
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CAS Number: 03-126 I Original Agenda Date: 10/13/03
Agenda Item Title: Refunding Bond Issue for 1994 Bonds
Original Sponsor: Council Admin. X
Final Ordinance approval on October 20, 2003
Refunding Bond Issue for 1994 Bonds (Community Center Fire Station #53) will save the
City approximately $373,000. These bonds will replace higher interest rate bonds during next
ten years.
Recommendations:
Sponsor: Move forward for final Ordinance on October 20, 2003
Committee: Finance Safety Committee October 6, 2003 meeting Move to October 13, 2003 meeting.
Administration: Same as sponsor
Cost Impact (if known): Savings of $373,000
I Fund Source (if 'mown): New Bonds
Meeting Date
10/13/03
10/20/03
Ti4 '&I':II C'3'd4y ♦'r %.G'ii
Meeting Date 1 Action
10/13/03 niscussion. No objection. Consensus existed to forward the item to the
October 20 Regular meeting for action. Final numbers will not be available
until Monday, October 20;.2003.
Attachments
ITEMNO.
7, a
Proposed Ordinance
Staff report from Alan Doerschel dated October 2, 2003
Finance Safety Committee October 6, 2003 minutes
None. Final ordinance to be prepared once figures are received. Final
ordinance to be distributed at the Council meeting.