Title
A RESOLUTION AUTHORIZING CERTAIN ACTION
WITH RESPECT TO REVENUE BONDS, SERIES 2015, TO BE ISSUED
BY THE CITY OF FOLEY PUBLIC FACILITIES COOPERATIVE DISRICT
Summary
Description of Topic: (who, what, where, when, why and how much)
Bob Young contacted the City Administrator to let him know that by refinancing the Series 2009 Bond (PFCD) the City could save $254,000 while leaving the payments the same.
Budgetary Impact:
Non-Capital Item:
____ Budgeted under account #_______________ (discussion item)
____ Not budgeted, requesting transfer of $__________ from Account #______________ to Account #_____________.
____ Not budgeted requiring increase to account #___________ in the amount of $____________.
Capital - Departmental
____ Budgeted under account #______________ for $___________ and described in budget as __________________________________.
Additional amount needed, if any: Increase in budget of $_____________ OR, transfer of $___________ from Account #____________ to Account #_______________
____ Not Budgeted - account #____________ requires budget increase of $_____________.
Capital Project - **THE PRE-PROJECT CHECKLIST AND BUDGET CHECKLIST MUST BE ATTACHED TO THIS FILE**
In current year Capital Projects Plan:
_____ Yes, planned amount $___________, requesting $_________ as total project estimate, including contingencies, under account #_________________
_____ No, requesting $___________ as total project estimate, including contingencies, under account #____________________
Body
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FOLEY, ALABAMA (the “Council”), and contigent upon approval by the City of Foley Public Facilities Cooperative District as follows:
Section 1. The Council has found and determined, and does hereby find, determine and declare, as follows:
(a) The City of Foley Public Facilities Cooperative District (the “District”) has heretofore i...
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