HomeMy WebLinkAboutRESOLUTION NO. 2023-91RESOLUTION NO. 2023-91
A RESOLUTION AUTHORIZING THE TRANSFER OF FUNDS
WHEREAS, the City Council of the City of Fairfax, Iowa, inade a�notion to pay off the
$139,000 General Obligation FS-57-10-DWSRF-033 Notes, dated February 17, 2010 as of July
17, 2023; and
WHEREAS, the city clerk/treasurer has subnzitted the following transfer needed.
Section l. Interest and principal due on $139,000 General Obligation FS-57-10-DWSRF-033
Notes, dated February 17, 2010 as of a July 17, 2023 payoff:
a. Transfer Order: $135.16 for the interest payment and �35,260.00 for the
principal payment from the TIF Fund to the Debt Service Fund. Puipose of
notes: Reinote Meter Read Prograin.
a. Transfer Order: $29.67 for the interest payment and $7,740.00 for the
principal payment froin the Water Debt Service Fund to the Debt Seivice Fund.
Purpose of notes: Remote Meter Read Prograin.
Section 2. Total transfers by fund:
a. Water Debt Service Fund to Debt Service Fund:
b. TIF Fund Debt Service Fund:
Total of Transfers Needed:
7,769.67
35,395.16
$43,164.83
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Fairfax,
Iowa, that the city clerk/treasurer is directed to make this recoininended transfez-.
BE IT FURTHER RESOLVED, that the Mayor and City Clerlc/Treasurer are hereby
authorized and directed to execute said resolution.
Passed and approved this 8`�' day of August, 2023.
AYES: Nun-e, Daly, Pacha, and Wainwright
NAYS: None
ABSENT: Volk
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Jo Ann Beer, Mayor
ATTEST:
t
nthia K. Stiinson, City Clerk/Treasurer
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