Series 101 2000 ORDINANCES/RESOLUTIONS
Section 101-040 Res. 14-00; Declaring the City's Intent to Make Capital Expenditures for a Community Recreation Center, New Fire Station and Equipment, and Certain Parks and Recreation Projects to be Reimbursed by the Sale of Bonds
Council Bill No.
declaring the Citys intent to make capital expenditures for a community recreation
fire station and equipment, and certain parks and recreation projects to be reimbursed by the sale
SECTION 1. The City expects to make capital expenditures
on and after date of adoption of
this resolution in connection with the construction of a community recreation center
($10,500,000), new fire station and equipment ($5,500,000) and parks and greenbelt
($3,000,000). The City intends to reimburse itself for such expenditures with the proceeds of
bonds or other obligations to be issued by the City. The maximum principal amount of bonds or
other obligations to be issued for these projects is $19,000,000.