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CITY COUNCIL AGENDA ITEM BRIEFING SHEET <br />Submittal Date: <br />Originating Department: <br />Presented By: <br />Agenda Item No.: <br />03/03/l 0 <br />Council Date: <br />Finance <br />Gene Anderson <br />8. <br />03/0/8/10 <br />RECOMMENDED MOTION: <br />[IF THE SUPERMAJORITY RULE IS INVOKED] Move to approve an ordinance authorizing the issuance of <br />combination tax and revenue certificates of obligation for the purpose of expanding and improving South <br />Colle iate Drive - <br />POLICY ISSUE(S): <br />Financial management <br />Proceeds from the sale of the certificates will be used to (1) pay the City's contractual obligations <br />incurred in connection with the improving and expanding of South Collegiate Drive and making <br />improvements to the frontage access of South Collegiate Drive, and (2) paying legal, fiscal, engineering, <br />and architectural fees in connection with this project. <br />BOARD/COMMISSION RECOMMENDATION: <br />N/A <br />EXHIBITS: <br />Ordinance <br />ACTION: <br />BUDGET INFO: <br />❑ Financial Report ❑ Minute Order <br />Expense <br />$NA <br />❑ Department Report ❑ Resolution <br />Budgeted Amt. <br />$NA <br />❑ Presentation ~ Ordinance <br />y'I'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 />~ Administration N City Clerk ❑ Community Development ❑ EMS/IT Z Finance ❑ Fire <br />❑ Municipal Court Z Legal ❑ Library ❑ Police ❑ Eng./Public Works ❑ Utilities <br />City of Paris <br />iceviseu Livwiuo <br />~ u0(,'1013 <br />