City Council Regular Meeting
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New Business   Item #: D.
Business Meeting: 08/05/2021
The City's Fiscal Year 2022 Capital and Special Projects Plan, which City Council adopted on May 18, 2021, budgets for the issuance of bonds to pay for several of the capital projects. If expenditures are incurred for these projects before the bonds are issued and proceeds are received, the attached Reimbursement Resolution will allow the use of bond proceeds as reimbursement. At a later date, City Council will be asked to take other formal actions to authorize and issue the bonds. Bonds are expected to be issued in November/December 2021.
The Fiscal Year 2022 bonds are expected to be issued in November/December 2021 and will fund the following approved capital projects:
Public Safety Equipment
Staff recommends City Council adopt the attached Resolution of Official Intent to Reimburse Expenditures with Proceeds of a Borrowing.
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