HomeMy WebLinkAbout1995-252-04.24.1995 RESOLUTION NO. 1995-252
RESOLUTION TRANSFERRING FROM THE TAX INCREMENT
FINANCING FUND THE SUM OF THREE HUNDRED FIFTY
THOUSAND DOLLARS AND NO CENTS ( $350,000. 00 ) TO
THE DEBT SERVICE FUND.
WHEREAS, the City Council passed the 1995 Fiscal Budget on
March 9, 1994 , allocating $700,000. 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
$350 , 000. 00 from the Tax Increment Financing Fund to the Debt
Service Fund for payment of General Obligation Bonds.
PASSED AND ADOPTED this 24th day of April, 1995 .
John R. Roo Mayor
ATTEST:
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Susan Fangman, Ci Clerk
JV95-7