City Council Regular Meeting


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CL-2429 New Business   Item #: I.       
Meeting Date: 11/05/2020  
Subject:    Fiscal Year 2021 Bond Appropriation
From: Cynthia Thomasson

First Reading:      11/05/2020                                                             
Final Adoption: 11/17/2020
The City Council has authorized the issuance of General Obligation Bonds to fund various projects as specified in the Fiscal Year 2021 Capital Improvements & Special Projects Plan.
The City's Fiscal Year 2021 Capital & Special Projects Plan includes funding in the amount of $6,576,694 for General Fund and Schools projects and $5,800,000 for Electric Fund Projects.  The attached ordinance is a flexible ordinance providing for posting of issuance costs and refinancing of previous bonds to be determined upon the issuance of the bonds.
It is recommended that the City Council adopt the attached ordinance Amending the Fiscal Year 2021 Budget Appropriation Ordinance for Capital and Special Projects.



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