Laserfiche WebLink
CITY COUNCIL AGENDA ITEM BRIEFING SHEET <br />Submittal Date: <br />Originating Department: <br />Presented By: <br />Agenda Item No.: <br />10/06/2009 <br />Council Date: <br />Finance <br />Gene Anderson <br />18. <br />10/12/2009 <br />RECOMMENDED MOTION: <br />Move to approve a resolution for reimbursement of road improvement project expenses from certificates <br />of obligation to be issued at a later date. <br />POLICY ISSUE(S): <br />Fiscal management <br />The City Council has given its approval to proceed with the construction, expansion, and widening of <br />South Collegiate Drive. The project is to be funded with certificates of obligation to be issued at a later <br />date. It is necessary, however, for some project expenditures to be made prior to the issuance of the <br />certificates of obligation. This resolution is necessary in order for the City to legally reimburse itself <br />from the certificates of obligation for project related expenses made prior to the issuance of the <br />certificates of obligation. <br />BOARD/COMMISSION RECOMMENDATION: <br />None <br />EXHIBITS: <br />Resolution <br />ACTION: <br />BUDGET INFO: <br />❑ Financial Report ❑ Minute Order <br />Expense <br />$NA <br />❑ Department Report Z Resolution <br />Budgeted Amt. <br />$NA <br />❑ Presentation ❑ Ordinance <br />Y7'D Actual <br />$NA <br />❑ Public Hearing ❑ Other <br />Acct. Name <br />NA <br />Acct. Number <br />NA <br />FISCAL NOTES: <br />None <br />REVIEWED AND APPROVED BY: <br />Z Administration Z City Clerk ❑ Community Development ❑ EMS/IT Z Finance ❑ Fire <br />❑ Municipal Court Z Legal ❑ Library ❑ Police Z Eng./Public Works ❑ Utilities <br />City of Paris p Revised 2/04/08 <br />w " " O I <br />