12-29-08 Council Meeting Agenda & Packet

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Isse' ~~~ ~~~}, ~'~~~ ~I~ ~~' ~.~ ~~~ ~~~ 3 ~~ T~.~~~ ~~~A, ~1~. ~~ne , ~~~~ due ~~ property tax ~ easses1~.~1~. a1].d antllp~.ted de~a~s Ir1 tie til~in o~ receipt of tai 1'e`V~11u.eS ~~ tl~e pity off' ar~t~. fiend, tl~e on~n~o1~ aunci~ enacted ~1•dinance ~~. ~84~-~~ aut~aori~in tl~e l~aya~" andlor t~.e al~trolleli to n~a.~e ten~pora~~ loal~s to 1~~.eet ~ertalll c~.rrcnt Dpe1`atlr~ e~pe~lses ant of ~a11~lls ~~nds of t~.e qty In ant~c~p~.tlan ~~' and 1~at in excess o~ currel~t tapes le~ried in tl~e year ~~7 and collectible in the year Z~~S, ~rdil~anee o. X84-a$ rther autharl~ed tl~e Isll~nCe o~ ten~par a~~y loan ~'ax .~.1~tlclpa~IC~1~ ~'1n~e ~~Tar~ a1~ts to evidence such loans and tl~e sale a~` s~.cla arra~lt, ~~~A, tl~e pity expected tl~at by ~eceln~er ~~, ~O~S it could l~.a~re received property tai ~"evenues; l~o~~ve~e~~} 1t is unlll~ely tl~e qty X111 receive su'~`clent p1'~pe1~y tai ~"e~enues prior to l~ecel~ber ~, Z~~~ to ~~} pay a~'~` tl~e ~a 1~nticipatiol~ ~`i1e fan"ants issued purs~.al~t to C~rd~nanee 9~4~-~~ ~I~icl~ rr~atu.re a1~d a~+e payable ir1 X11 ~itl~ interest on l~ece~.~er ~~, ~~0$, and ~~~} meet cul~e~t operatln~ expenses of var~aus i~11ds a~' tl~e Clty. ~l~P, tl~IS ~esalut~on auti~Qrl~es .~~ra~}~1t~ax~ o~ Ian~es ~z-o. ~a1Aio~.s ~u~ad.s It~~In tie ~It~ t~ pay ofd Intere~ due and payable ~ecel~~l~er 30.2a~S ~n tl~1e fax A.~~ticipatiol~ ~i1e ar~ants issued purs~.ant t~ ~rdinalxce 984G-08, ~~~ C]~~ OT~~ 1JN~, ~~.A., as ~'ollo~~rs~ ect~~n ~. ~~e u~~. a~' ~I~e ~~~I~d1'~d ~~iarce Tl~ou.a~~d lolla~"s ~ I03,0~~~ is sat aside ~vitlzin and. apprapl"gated fro~~ ~e1~er~.~ ~l~Ild. ~~~.~~~. o. ~ ~ ~ ~ to ~~~ Interest due and. o11~g ~.~ o~ ~ece~nber 3~, 4~8 a1~. ~~ax .~.~ticipatiol~ ~'~~~~~ a1~'ants iss~~cd p1*eviou.sly i1~ calendar year ODD pursuant to ~rdzl~l~ce Igo. 9~~~-~~, ectiol~ ~~. ~l~e su.n~ of ~'l~i~"ty~~`i~e ~`~~aus~nd ~ll~rs ~.~,~~a~ Is set aside '~V1t11~. and appr~pi"I~ted. ~1 ~1 arl~s and eCl'eati0~l7 Fund ~l~'und. ~. ~~ ~ ~ to ~ znterest due aX~d oIn~ as airy ~ecenabei" ~~, ~~~5 on ~'~ ntlclp~ti01~ T1i~e a~•ral~ts issued p~"e~iausly' in ealc~~d.a1 e~.~" ~0~ pui~suant tc~ ~rdil~al~ce ~o. 9'8~4~-OS. ect~oi~_ ~~~.. T~~e sui~n of ~'17irteei~ "~'l~ousand dollars ~ 1 ~,~aQ~ i set aside it~~in aid appropriated. ~r~rn ail a~' ~`an~e Baird Fu1~d ~~ni~d ~o~ 3 ~ ~ to pay intei"est due and ai1~~ as off' ~ecelnl~er ~~, ~D~$ Dn fax nticipatial~ ~Il~le a~`rants Issued ~?re~lot~si~ ~r~ calendar e~.r ~D~ pursuant to Ordin~.nce a. ~~4-~~.