HomeMy WebLinkAbout1990-650-11.19.1990 r1
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0 0 < RESOLUTION NO. 1990-650
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E-lhl RESOLUTION TRANSFERRING FROM THE TAX INCREMENT
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0 c) FINANCING FUND THE SUM OF FOUR HUNDRED SIX THOUSAND ONE
HUNDRED FORTY NINE DOLLARS AND FIFTY ONE CENTS
($406, 149.51) TO THE DEBT SERVICE FUND.
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WHEREAS, the City Council passed the 1990-1991 Fiscal Budget
on March 6, 1990, allocating $900, 000. 00 of Tax Increment
Financing money to the Debt Service Fund for payment of General
Obligation Bonds.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WATERLOO, IOWA, that a transfer be made for the amount of
$406 , 149. 51 from the Tax Increment Financing Fund to the Debt
Service Fund for payment of General Obligation Bonds.
BE IT FURTHER RESOLVED that the Clerk/Auditor be instructed
to certify a copy of this resolution to the City Treasurer of the
City of Waterloo, Iowa, in order that said transfer be made.
PASSED AND ADOPTED this 19th day of November, 1990.
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Bernard L. M6Kinley, Mayov
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ATTEST:
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La y P./Burger, 5Xty Clerk/Auditor
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