HomeMy WebLinkAbout12-29-08 Council Meeting Agenda & PacketA~~'~l~A
~~'~~ BEAD ~M~N ~CI~
~I~NDA r DEEN~ER ~ r ~ ~ O ~ l ~ ~ ~ D P a ~ a
~ a I N~~AT I DID
PL~'DE T~ ~E FLAB
o R~~ BALL
4. RE~L~'~IC~~
0 8 ~-11. ~. A REOLC~~'~~N ~ 'SHE C~N~~I~ C~[~~~~L CAE T~
I'I~ C~ ~~'~~ BAD, INDIANAr L~ANI~ ~N~E
~'~~ ARI~~ ANDS 'ID ~~H~~ E~1ND `0 PAS SEE
PEI~~~~ ~~ED TAB AN'~~IPA~'IQN ~~E
A~~A~T
~8-1~.~ ~ RE~LUI~~ ~~' ~~E ~~DN ~a~NIL ~~' T~
I~' ~~' ~UT~ AND, INDIANA, A~TI~~RI ~ INS A
TE~P~RA~Y LOAN 0~' ~NIE~ ~~RO~ 'ICE PINY DAB
AND { ~ ~. ~ } , 'ICE ~~ POOR F~]N D ~ ~ ~ ~ } ,
TAE CO~N"I ~P`~IC~N INCN~E TAB ~'~1ND ~#4~~} r
I`VE AI~P~RT T I ~' END ~ ~ ~ 4 }~ , AND 'SHE HEALI'~
IU~ANE EC~ND ~ ~71~ ~ '~~ ~`~~ ~EN~E~A~ AND
~ ~ ~~ ~. ~ r ~'HE PA~~ ADD ~EC~EA~'ION FUND
~ ~ ~ ~ ~ } r ~N D ~~, L ~ ~' ~`AM BAN D F~JN D { ~ ~. ~
~'~R ~~E ~'~R~~ ~~' MEETI ~PERA'II~NA I~~ED
~~' Ti~E ~I'~Y
08--11 A R~I~~T~~N ~F ~~E CC~1~~N CDU~I~ ~E T~~~
CI~'~ 0~' ~~'~~ BAND, I~DIANAr APPP~PIA~IN~
1ONIE ~'~ ~E EN~RA ~'~1~ID ENO. 1t~~} r ~E
~A~~ ADD E~EA~~~N END {N~, ~~~}r ~~E
BALL ~~' FA~~ BAD END ~D ~ ~~ } 1N ~~E
AG~E~A`~E .U 0' DNE ~~ND~~D ~'I~"~Y ~~~
IN'~ERET D~ AND ~Ii~G ~~ 'ICE '~~
.~.N~`IIPA~IC~N 'I~ME ~A.£~AN~' TSED P~~~A,N~'
'~0 ~RDTNA~CE N~. 984-08
a ~ ~~~~~~~E~~
~~IVi~ •
L1N~Y ~~~ ~~Jl~.~l~~a
~~l~ ~~'F~~~.50~1$L~~.
~o~~x ~~~~~, I~~1.~~~ ~(~ ~ ~ ~ S ~~
~~~
~ k~l~l~il~~rf ~~~
~f ,
~ I ~f'~~
~ ~~~~~
~ ' ~~,
~. .,
~~~~
~'r~ o~ ~OUTH B~N~ TE~H~N ~. ~~~.~ ~~a~
1~HC~~~.57~123~~~~1 ~
~'AX ~~~~ ~~~J-~~~
T'D~ ~7~12~~-5~7
. ATi~~RII~~ AN~LLa
CCE~NT~t~L~.ER
~ec~~r~l~er ~, ~a~ ~ ~ ~ ~,
~~ ~~~~
.~.
fir. Ti~~~~th~r Roy se
~~~e~i~e~at, a~.th ~en~ a~n~non ~ounci~
~~~' ~iaar~ ~aunt~-its Bu~~i~~g
o~.th Be~~d, ~N ~~a
fie: e~olutia~ Laa~~i~~g N~on~e fro~~ arzou Fu~~~~ to ~tl~e~ ~un~ to ~a~
off Te~r~~~arar~ Tai ~tiei~ati~n Ti~~~e .~~.~a~.t~
dear Pre~id~nt ~au~e:
.ttac~~e~ far ~~i~ i~h the an~~nan o~~~ii i~ a eal~tio~. aian with two ~~late~
~~~o~~tio~. which a~d.re~ the ~l~uuai current ~nan~iai circu~~astance ~f the i These
cir c~~x~t~~~ce were cau~~~ ~~ nanwreceipt a het of ity~ p~Aopcr~~ tax re~enue~ levied ire. ~~~~,
pyab~e in 2aa~,
The capt~aned e~aiutio~n te.~orariZy laa,s ~'i~e illiaz~ Dollars ~~,aaa,0aa.~~} ~i~a~~
tl~e health insurance ~~~n~. o. ~ 1 }, rf~a 11~illio~~ fix ~~ndred ~ihty-one Dollar s
~,~$ l,a0a,aa} frame the ~.~zal~i~it~ pelf ~n~urance ~u~ad ~a. ~Z~} and one billion Tea I~~ndre
Thousa~~d Dolla~~s ~~,Zaa,aaa,aa} franc the ain~ ~~ ~`u~~d {~~. l~} to re~a~ the Tai
,~ntici~ation Ti~~.e a~Tants die Dece~~.ber 3a, aaS u~ade~ ~3r~.inance 954~~08 from e~.eral
l~un~ a. ~ a ~ }, ~a~-l~s and. ecreat~on ~`u.nd ~~a. ~a 1 } and fall of ~'a~~e Band ~~und ~~a~ ~ ~ 3},
These ten~pora~ laa.ns ~n t~.e aggregate fatal ~rgl~t rll~ar~ ~~~ht hundred ~{1ft~r-U~~e T~~a~k~an~
~a~i~.~°s ~~,S51,aaa}.
~ ~~ill pxee~.t this a.nd the related ~eolutian~ to the 'au~~cil at its special r~~eeti~~g
sched~.led far Dece~~.ber ~~, aaS, Tl~anl~ tau ~'or ca~~siderin t~~is ~eso~utian, and special
thanks to the au~~c~i for ~~a~ng t1~~e to sclaedue ti~~ ~T~eetl~~ d~-z~~ the ha~zday seasar~.
~~ ~~~ ~~
~ ~ 2~a
_. pyo4 a{4,, shy}} {p~~y~ p¢ {?~}~ tp~{ }y'~~ !
lfH~fl @4`~\~l Ck+~hr
Sincerely,
. ..~~--
~~~
M. Catl~erix~e Fa~~ell~
Conlraller
ACE I,. ~A~.L ~a~~N ~I'~U~'HY A~q~F~T ALLEN
L~t~Tax Ass~sTAt~x Ca~~~~oL~~~,~t ~~~crax
Hu~~ o~~ It~ar~ria~ Tr~x~ra~.a~~
I~HI~JT o
F THH ~ ~rCII~ F THE tr' F ~JTH , I.~I~.A~,Ay
~.~~.
lI~ F ~~A~IIJ FYI T~ TIC. ~I~~I T~ ~ I~ F
NIi
P~~L1L ~I~ T~ ~~IT~PT T~ I AT
i ~ ne ~ ~o~~ due to 1o el`ty ~~~ rea5~e5s171ent ~lld a11tlGlp~td delays 311 the ~il~ing
HHR~A, an ~~ ~ ~
the i of ~o~th BeilC, the ~flxlu~~on ounc~l enacted Ordin~llCe ~o, ~~84~~
Of reCelpt o~ ~~~ ievenl~e ~~ llleet eert~lll Gul`r~nt a er~t111~
a~ a~tllori~lrl the Mayor aild~al' tale Ontro~ler to ~ua~e te111pQTa1`y loans to ~
11dS of the 1~ i~~ a.~.tic~~~atio~1 of a11d Ilat in excess of cu~~'ent taxes levied i31 the
expenses out of vallaus fu ~' _ fui-tller authoi-~~ed the Issuailce o
ea.z' ~Oa~ alld colleetibae i1~1 the year Zaa~. ~~•dxnal~ce No. 9~~~ S
Y
n Tex ~1~tici atioi~ Tinle ~.1-)'ailts to ev~denee swell loans alld the sale of suel~ al~rants; all
~eI11pOl a1~ l0 a ~
~~A tll.e i ex~eated that ~ ~eeelllher a, ~Oa~ it ~rau~d have received p~`ope~~.~y tax
HH~ ~' 1
' Illikel the ~t X111 receive suf~ie~ent pi-ope' tax ~"~vellueS pr~ol* to Deeen~~ae3
revenues; ~ioevel, It Is u ~ ~
Tax Antiei a.tion Ti111e Warrants issued pu1"u~11t to ~1`dil~ance 9~4~-OS ~ul~icl~
3p, ~~~5 to ~i}pay aff the ~ cl. ~~ ~D~S acid ii 1~leet cu~-re~lt
l~tu1'e and are a a.hle ~n full v~lth 111te1'e5 on ~ecellll~ , } ~ ~
tax ~a1 ~ ~.Ilts ~~ ~'
f varla~5 fUlld Of tl~e City. ~Y~liS ~1-dina11e0 autholl~es tl~e loa.~7. Of nlanles Iroil~
ope~'a~ing expenses o
' ~vzthin the Ci to pay off the Tax Anticipation Tillie arral7ts l~s`~ed pu~'suant t0
vai~ous Funds ~'
~rdlrlallce ~s~~-O~; and
A the loan of funds ui7der file City's present rl~ncial ci~'cul~lstanCes is ail elllergency
~'~ ,
vin tax revenues levied ~ X07 ~i~d payable 1i1 ZaaS ~vhlch have yet t0 he
Caused ~~ tl~ie delay 111 reee ,~ ,
t s~~ch ii~terfund loans, file City can~lat meet Its o~1go~11 pa~ra~1 and other
p~ld to file lty. 1tho1.1
t incu~`riri substantially ~i•eatcr debt. Therefore, due to e1ne~'gel~cy, the
oper~tll~~ expense ~lthou ~ b end. Cade 3-~~-4; and
re a 111ent oftei~iporaxlly transfel~led finds nlustbe delayed as authorl~e Y
{ s fro1~1 ~vh~ch loans are to be ill~de have suf~aient Illonie an deposit ~01nal~e
~THI~.~, all. Fund
tl~ie tei~lparai-y lawns specif~cd in this Ies~lutian.
~~~~ BH IT RE~~VHD by file Col~ll~on Couilcil of file City of auth ~3eil.d,
N, T~II~E~ ,
1.11d1~~1a.; .
- of El 11t Million Flgllt H~ladred Fifty one Thousand oll.ars
Section I. Tl~e a~g1 egate r~i~ ~
~ araril l~orro~ved frnll~ eealn City funds and loailed to other ity funds s
~S,sS~,aaa} shall ~e den p y
folla~s:
BOrro~~ed Froix~:
Heai~h ~ilsura.llee l~'und ~~71 ~} S,a~0,a0a
~labxllty Self ~ilsurailee Flil~d ~#Z~~~ ~,~~ I,~aa
rainy lay Fund ~~IO~} 1,~Oa,aOa
Tate ~8,~ 1,aa0
boa;~cd ".a:
~ei~eral Fund ~ ~ a I } ~, ~ a~,~aa
Forks and ~ecreatioil Fund ~~.o I ~ x,03 5,aaa
Hall of Fame Band Fund ~~~ I ~~ 7 ~ 3,DD0
Total $8,8~,a0~
' ~ ~ ' ces~x~at~~ ~i~~ a~Ta~~ing of ~~ani~ f~o~~~ ~~~.~~~~ ?1 ~, ?~~,
~~c~~an ~.~. ~~ e~~~~gen~y ~~~~~s ~ ~~~c~~ ~~e 7-sua~t to ~., ~G-~ ~~~~~~~~
Iaani~~ of ~hos~ ~no~nl~ ~o ~`uiads ~ 0 ~, ~a ~, a1~~ 3 ~ , ~o ~~~at, pu
a~~d ~D~ and tlae ~
- ~i1~ Fuld of t~~oo ~nan~e~ Is ~~e~~ded un~~~ ~~~e 34, X009.
r~~~.~~~e~~t of ~t~ch loans b~ ~~~e ~a~ a
~ i~~ f~l~ fo~~~ alld eff~~t a~ of Dcernbo~ 0, ~~~.
~c~~a1J.,. Tl~is ~es~I~~~o~~ s~aii b
_~~`~ r i
oz~l~o~ of the au~~~ Bend oil~on ou~~il
..~ `d ,..i~' r Fk ~F ~'Y'i~ -'Y:~ I;'1,? Ik ' f' i ti'. `''.~~''•r F : i4•': i~~' 4~:~'y `.[.7
~.T,~~ i~I, 6.1 s : -.~[ "'. ~'?11 I. I.. '3 r 1: i I: ~ ,6 • ~../ 4} ~\.'i:L ~~:1i 1
~J~ Y'__V~ ~.~~ til:..ti l" 1 .` 4".4_1 .. .r. ~~ '1~•S
t.^S.?'~1. ~L:=:i Ki S~~ ~~ ~J!is~'+~:i ,.~ T' r• '-^e'+ ~ I'_ ~ ISI«. -' :~~+' ~? l~!y'.' ' +'~~
.~ "f'~ i; #sK: ~sBh 6'id~•h r. Iak l$a: ,Iyi' i~,. ~4-.~F,'ti F~~}?; S
:f~..~
~ ~~~ ~~
~ ~ ~ ~~~5
~~tl~'~ ~ ~1'~Y ~~1~LDI?~G
2~7 ~>1~rE~so~ ~3~.
~ou-~~~ ~~'~Ti~, ~~n~~T~ ~~60I-~8~~
~ ~
~ ,~'4~1~~1~~~~! f
f EIS ,,~
~ ~~~~ ~ f
~ ~ ~ PEAC~r ~ ~
,~4 ~ ~
+.
~~~~
~~ ~~ sou~~ ~~~ TPHEi~ ~. L~,r~x~r, af1rl.~~~~
~'~~o~~ ~4I ~3~~~~1~
~,ax. ~7~1 ~37r~9~
~`~~ ~~`~12~5~~~~7
~ ~
~ ~~
~. ~TH~Ri1~~ A~~LLo
oI~TROLL~It
~'cel~l~er ~ , ~~~~ ; ~~ ~_
F
~~~~ r
s
~ ~ ~ ~~ ~
~~ . ~l~~~noth ~~~~ ~m ~~,.~...
~relde~~~3 youth ~~~~ ~o~n~~non council
~~~~ Floor, bounty-it~y building
outh e1~d, ~ ~ ~ ~ ~ ~
on1e ~'ron~ ~rlous Fur~ds to far zoos Funds to Iect
~, Reolutlon oanln~
~n~o1n operating E~~ene of the ~~~
dear :President pause:
' ix~~~non euncil is a resolution along itl~ t~vo related
Axttacl~cd far f~l7n with tl~c o ~hcse
~~usual current t~lnancial c~rcu~nstances of tl~e City. ~
Resolutions ich address the ~ ~ ~ ~, able in
F ed h nonMrccci t as ~~ of City tai revenues levied ~~ X007, ~ ~'
c~rcun~sta~~ces were taus ~ ~
~oDS.
r ~ rues a~ a ~'e ate tc~~nl~ora loan of Fourtcel~ rll~on
~`he cal~t~oned ~esolut~or~ autl~a ~~ Fund
and dollars ~~4,9~o,DO0~D0~ ~~~ ~~nonles from tl~e azny Day
~~ne ~~undred Fifty Thous ~ ~ ax
ecave Fund ~. ~,~r7}, the County ~pt~on I~~corne ~
o. ~ 02 the ne~vl~ created doss ~y ~ ,.
~ ~' ~ l~ ~nsrance ~ u~ad ~#7l l} to the
o. 40~ tl~e Axe ort ~'~~' Fund Flo, 324, and tl~e salt
Fund ~ ~} fall of ~'a~ne fond Find
d o. l ~ ~ the a~-~s and Recreatian Fund ~. 2rD l }, and
encral dun ~} l1c Cl dais and
e loans from var ~ou.s Fu~~d~ arc for the ~urposc of ineet~ng t ~'
~o. 3 ~ 3~, Tl~es
ra ert tai revenues, ~'hxs will el~lr~~nate th.e need
on oln epe~~es pcr~d~ng ~ece~pt of ~ooS ~ ~ ~' A e~ t
' a r or a~ Tai Anticr at1o~~ ~`~n~e iTarrants to aver tlae delay ~n ~ ec p
and expense of ~ssu~n~ ~e~~p y ~
oftax revenues,
' ~cd Resolutions to the Council at its special meeting
~ ill ~~ escnt this and tlae relat .eclat
08, Tl~an ou ~'or cons~dcr Ong this Resolution, and sp
scheduled for ~ece~~.be~ 2~, ~~ ~' son.
" Makin t~~~~e t0 schedule tl~~s l~neet~n~ d'~r~x~ the hol~da~ sea
tl~an~s to tl~e Council fog g
;frra~r.M1M RT'.•.~r•__r4r:'.~.ti r~ ..,xr r:..5... ~ .~ ~. ~ ~ .. c
i1...4nw.sip..3~x.~W~r-r.~M..kn~.:,-~...,~ `: i~. i _.. --..~i
}i
i
E r- r1 q ~ ,, .. _., -~ ,
EE ff 4 ~
__-- r„.rmr.-.ern,na:,r.xr_,i,.wc~rM'su«~c,r~~.e.:ur+s._s+rwa u..~. ~'.
~,p~€I~k. ~--,. BALL
J ~IR~,GT~~
F~UN(AI~i RESOUI~CF~
Siiacerely, ~ _ _.
~ ~ ~~~L~ f ~~~
~~ ~~~~~
M. Catlaerin~ Fanello
Controller
T1s 1~y1T~l{ ~I V~~v..
}4lA ill X~j4Jl\~ill
ASS~STAI~T COI~TROLL~~
~C~~~xl l7J,~~.~1'~
~I~~~'OR
~1~~U~'~A~oN 1 ~H?~QL~~z~
f~I~.RI~~, the City exacted that by .ece~nber 3a, ?OaS it old I~a~e rece~~red ~raerty
tax re~er~ues Isar aOS levfed i~l ~aa7; however, rt r~ u.~~lll~ly t~~e City ~zll rccelve s~.I~flc~ent
prape~~ty tax reve~.~es ~rlar to December ~, t~D~ to ~ncet the c~~.rt~e~~t operatil~ exe~~scs of
various ~ur~ds of tl~e Cfty~ a1~d.
IAA, hac~~se tl~e City a~ youth Ie~~d leas ~~ot yet reaeivcd its 2a0~ distributia. of
~raer ty tax rcve~~~ue, .n e~nergezlcy exists rcgt~rri~ a laa~~ ~-o~n va~~ious finds ~itlli~~ the City to
athe~ f~.~~ds 11~ ardor to meet payroll. a~~d atl~er reu~ar operatil~g ex~e~ses of tl~e City; a~~d
~~~EI, this er~ergecy ~ustif~es ~ extension of tl~e deadlil~e far rep~yxne~t of tl~e
interfun.d. loans, that is, to .~u.r~e 3a, ~a9; a~~d
~~A, a.11 Funds fro Lich loans are to he ~n~.de have suf~cier~t ~n.a~aies are deposit
to m~al~e the te~nporal-y lawns specif red i~~ this ~esalutia~.
~~~~, `~~~~~FO~~, ~~ f T ~~~I~D ~ ~"I~ CI~~ C~~C~~ ~F T
CIS CAF ~U~ ~3D, DIA, as failo:
ect~or~ ~. ~'he aggregate sun af' Fourtee~~ iflion ~z~~e ~~undre~. Fifty Thousand Dallars
~ ~ ~,~a,~~~} shall be teparar iIy hors av~ed l~~~o crtaiz~ City fu~lds a1~d laaned to atl~er Czty
.~1ds as ~allQs;
Bar~~a~ed ~`ran~,
a1ny Day ~`und ~#~aZ~ ~4,5~a,Da~
~a~-L~~tY ~~t~~l~F ~.ii~an~~ r~~d1 F~~~~ ~t+ i~~~ ~.GY,~41~,a Va
A~r~O~"t ~fF 'u~1~ ~3~4~ ~,~ f a,a~a
health I~~sura~~ce Fund ~~ l ~ ~ ~7a~,0~a
~'otal f ~, ~~U,aaU
General Fund (#101) $12,000,000
Parks azld Recreation Fund (#ZOI) X2,500,000
Ha11 of Fame Bond Fund (#313) X450,000
Y~at~l ~ 4,~~o~a~o
e ~~ t~~e x o~wrec~i~t of its ~~aS
eca.~e 1~ e1~~~ e~~cy e~~st d~ tY
cat~o~~ I~. ~ ~~ ~~ ~e aid ~'ro~1~ tl~e barro~~~ ~`~.~~~ to
f ~ o ert t~xe~, t~~e ~~ve l~~ted ~o~ns s~~a ~? ~ 20a7
~~~r1b~tza~ o ~ ~ ~ ~ ~t ' ~ rece~~t of t~~ rvet~~~e~ Iavted ~~~
l~di~~ ~u~~ ~ o~n~~~~ span ar~~ f~ o~n t~ ~ _ - - b .
tie le ~ ~ ver ~~ ~'~~~~, pu~ua~~~ ~o ~,. ~~ 1 ~ 4 ~ ~
~, able i~ ~aaS, or b~ ~~-~~~ a, ~aa9, ~~1che
it force a~~d effect o~ ece~~~er 3a, ~aa~.
eCt~ar~ ~~~~. ~'~~~ ~~olutlol~ ~~~all ~c ~~~
~ ,~ F ~; ~
~ 0~]1`nOrl ~QU~1C1~ ~~
~e~-~~ e~ D f t~
{'..dk it • ' ' 1 ~ ~. .. ..
~~'Y~Yh~r'rII' ~J ~•: •Y` _ II _ - ~ _ ~'~ .~ .r r:J :'lr ~1•~~ Iti ~~~ l'. ~:~..
-0 `i
'~~~ r i Vy• f"^: 'i d'"~ c' ~ ''.ti's. ii': k' •`; ~~i _ ;'~ 4" ~ ':~, ~+i,'( 4!r'~
~S'yt'f?~;S•i G 4 ~yLS a~~i:' w~S..y`a ~ ~ r
~.~~ ~~
°~- ~
~ ti ~ ~ ~~ti ~;r~
.~~1 w
A
,.~.~+.
~'F
~~`
~,E.1~WJ. ! rl.~
~t~[.1t~~Y~FI'~" i.A~~ING
~~~ ~i~, ~.~~~~RSC~?ti] ~~1~.
5o~x~I ~Ehr~, r~~~ ~~~~.F1830~
~ ~~ ~
f'~ `h r ~
r/ 6J~ t~}ti~i,yl~~lr~~~r ~,~
~- ~~~,~~
~~
~ ~ ~ ~
^.
i
~~~~
C~a~ ~~ ~~~ r~ ~~~~ 4~~~~~~ ~. L~~~ ~~~~
~Iz~~~E ~~~~ ~~~~~~~
~y~~ ~~~! ~3~-~~~
~~ ~~ ~
~'ri~,~~INE F~~rrz~~r~
I~r~~~~
~~ce~a~~~er i ~, 2~~$
~' 3] l _
~bb ~. ,. ~ G
F r 1Ayh ~~1,{,1 V ~ ] ~J>~L+ V ___ _ _ _ ~~~s-'°' ~ 1, __5"` '~.~,~y~ -_ n.W?+xworm'S'M'.Nxenae<rfY~'~sk+r~~wswxr.±~~'.twa~r:,2rwkfi..m~.~.r~..
~'r ~~id~1~t, 'ora~i~ ~e~~d ~[~1a11~.101~. oullcii
~t~~ ~i~~a~~a oulat~~-qty ~t~.~ldira
o~t~1 B~1ad, r~ ~~~~~
Re: e~oi~tia~. .p~ro~ri.tila~ ~"ot~.l ~f ~a~ ~~~-~~ldred `i~'ty-~1~~'~'hous~~~.
D~~iiars ~i~~,~0~.0~} it~.i~. ar~~u ~~~~.ds t~ r~a~ I~1t~est {~11 ~.~~~1~~~rar~
~'~x A~ti~lpati~~1 T~~11e far z ~.11t
~~ar ~'r es~dllt ~,~u~e:
A.ttaile~. fay 1i~~g ~1 tiae ozal~a1~11 ~~.1~cii i a ~~a~~t~on ~~ar~ with t~ r~~ate~.
~~0~11t~a~.~ VV~11C~1 ~.d~re~~ tine 1~11.1151~~~ C1.~1`~~1~.t ~~~~11G1~~ ~~r~~1115~:a~1ce~ (~~ t~1e ~t~~ ~`~~e~e
~i~-~u~~1ta~~ce~ v~~re cau~e~ b~ 11a~.-~ ~Ce1~t ~,~ ~'~t ~~ 1t~ ~~ r Ve11u~s ~e~r1e~. II7 20'7, ~aya~ie ~~.
~~~.
~~~ ca~t~~l~ed es~iutioll a~~rop~i~.t~~ ~.~ ag~~e~at~ tata~ ~~ ~~1~ u1a~r~d ~'~~~~-one
Tia~u~~r1~ Da~iar ~~ ~,0~~.~D~ opt ~~ tlae ~1~~rai ~U11~ ~o. ~ ~~.}, Pa~~i~ ~,11~. R~cre~titall ~~11~
~,~a. ~~ ~ }, a~~d ~aii o~ ~`a.e ~3~~1~ ~~.~ad o. 3 i ~~, t~ ~ e~a~ ~11t~1'~~t 0~ t~~~ r~~ ~~ticiati~~.
T11~.~ ~.1~.°~1a.tS i~1G~~ co1a~~ dui re~ela~bl• ~~, ~00~.
~ ~i11 p~"E5~17t t~a1~ ~,.~~ tl~e ~~~~~~~. e~~lut~ola~ tQ t~a~ CQ1a.~7.~1~ ~~ its ~~1C~la~ ~~1C~t1~l~
~ched~l~~ ~o~ ~ece~nc~rt ~, 248. T11a~1 yap f~~, CU11~'1C~~r111~ t~7.1~ ~.~S~Il~tl~la, ~.11~ a ~~~~ci~~
tlaal~s t~ tae 'oula~ii ~ax~ 1~1a~~1a t~11ae t~ c~1e~u~~ ti1z ~pci~~ ~~1~~tXlag~ dur~~1~ t~,e ~.~ii~~ saso~a.
r~n~
i.t~~~
. iA~Mra.s
F'~,i Y,'~ '~~
~~~ ~ ~~~
~ r
f;
r ' ~ ~ ~-
,• ~r
J~ y
r ~ ~ ~ f ~~f r` y~ ~ ~ ~r ~ ~~r~'~^~
N~. ~.t~~erln~ ~'~.1ae1~0
a~1tr~~i~r ~.,'
~i~cro~ As~~s~~v~i ot~~~~~o~~,r~ Dt~a~
r rr,, t, i r D r.<v~,r mr^L'C ~i~1~"URI~~~lrrr ~~~3~r~~~G~f
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-~~.
~u~~a~~. s~~all ~c ~1~ ~'u~~ ~fo~'c~ aY~~ ~Y'e~~ o~~ D~~e~~a~~~' ~ ~, ~Q~~ ,
~r?c~in~~ ~~. T~~x ~s0
o1~.~no~~ ou~~~
Il~be~ , ~u~~~ ~et~d
M.•i -l ~• ~.i. 1.
W ~ ~ .a
5 ,.
'~ .1 y:.:454
~~.. tiF.
••_ gds
h ~ Ii
1YY ~ ~ ~ M1 I~a
p~ r ~ ~ - -
~~~~~