City Council Meeting
City Council Meeting
16 items Mon, Dec 9, 2024 at 6:30pm How To Join Remotely
 Approved
∙ Approved 8-0
∙ Agenda item 15 of 16
Item No. 9 - RESO - amend budget transfer 2E to CIP fund
The 2E fund, established to separate and track revenues and expenditures commensurate with the 2017 sales tax bond issuance, has a remaining balance of approximately $12.6 million. In discussions with Council prior to the 2J bond issuance, it was agreed that $7.4 million would be used to pay down the 2017 bonds and approximately $5.2 million would be transferred to the CIP Fund to defray remaining costs of the Improve Wadsworth project. This resolution authorizes the necessary supplemental appropriations to defease the remaining debt service on the 2017 bonds, complete the transfer to the CIP Fund and close the 2E Fund.

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Item No. 9 - RESO - amend budget transfer 2E to CIP fund ( 0.29 MB )
Public Comments
Commenting on this item has ended.
Online comments closed at 12:15 PM MST 12/9/24.
No comments were received.