20140022
2013 Redevelopment Bond Motion that a fiscal policy be adopted as to the 2013 Redevelopment Bond that "be it resolved that any and all net proceeds derived from the sale of real property purchased with and in compliance with the 2013 Redevelopment Bond be designated for reinvestment pro rata as to said Bond source as governed by the provisions of said Bond as if an original use of bond proceeds or if not so reinvested, designated for bond debt retirement until debt is retired in its entirety rather than in both alternatives, proceeds becoming a general fund amount while bond debt is outstanding. Requested by Mayor Tumlin.
- Committee
- CITY COUNCIL
- Requested by
- City Manager
- Introduced
- December 31, 2013
- Passed
- January 8, 2014
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