2009 Parks Bond Motion that a fiscal policy be adopted as to the 2009 Parks 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 2009 Park 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