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15-7056

Bill 63 Amending the 2024 Capital Fund Budget to provide for a transfer of Eight Hundred Seventeen Thousand Dollars ($817,000.00) from the General Fund Unappropriated Cash Balance to the Administrative Order capital account. The debt will be paid back with 4.250% annual interest in full no later than May 31, 2029, pursuant to the Annual Debt Service presented in the annual report required will allow the Administrative Order (AO) fund to have the additional funds needed to complete the City’s requirements under the Concession Lease Agreement.

Ordinance Passed Introduced July 3, 2024
Committee
City Council
Introduced
July 3, 2024
On agenda
July 9, 2024
Passed
July 24, 2024
Enactment no.
16036

Where it was heard

Public Works Committee Jul 24, 2024 City Council Jul 24, 2024 approved Pass City Council Jul 9, 2024