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CL- 2191 New Business   Item #:   J.    
City Council Regular Meeting
Meeting Date: 09/03/2019  
Subject:    Bond Appropriation Ordinance
From: Cynthia Thomasson

COUNCIL ACTION
First Reading:     09/03/2019
Final Adoption:   09/17/2019
SUMMARY
The City Council has authorized the issuance of General Obligation Bonds to fund various projects as specified in the Fiscal Year 2020 Capital Improvements & Special Projects Plan.
BACKGROUND
The City's FY 2020 Capital & Special Projects Plan includes funding in the amount of $4,984,102 for General Fund and School projects and $8,000,000 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
RECOMMENDATION
It is recommended that the City Council adopt the attached Ordinance amending the FY 2020 Budget Appropriation Ordinance for Capital & Special projects.

Attachments
Ordinance

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