HomeMy WebLinkAboutRESOLUTION NO. 2004-37 RESOLUTION NO. ,.
A RESOLUTION AUTHORIZING THE TRANSFER OF FUNDS FOR THE
PAYMENT OF GENERAL OBLIGATION DEBT DUE DECEMBER 1, 2004
Be it enacted by the City Council of the City of Fairfax, Iowa:
Section 1. Interest due on '$465,000 General Obligation Combined Corporate Purpose
Loan Note Series 2003, dated March 1, 2003 as follows:
a. Transfer Order. $1,130.00 from the TIF Fund to the Debt Service
Fund. Purpose of note: Library Repairs.
b. Transfer Order: $4,830.00 from the General Fund, Fire Department.
Budget to the Debt Service Fund. Purpose of note: Fire Equipment
Purchase.
Section 2. Interest due on $1,185,000 General Obligation Corporate Purpose Loan Note
Series 2001, dated June 1, 2001 as follows:
a. Transfer Order: $25,741.25 from the 'TIF Fund to the Debt Service
Fund. Purpose of note: Water Main Construction Project.
Section 3. Interest due on ;$450,000 General Obligation Water Note Series 2001, dated.
October 1, 2001 and follows:
a. Transfer Order: $8,801.25 from the TIF Fund to the Debt Service
Fund. Purpose of note: Water Main Construction Project.
Section 4. Total transfers by fund:
a. From TIF Fund to Debt Service Fund: $35,672.50
b. From Fire Department Budget to Debt Service: $4,830.00
Total transfer of all funds to Debt Service: $40,502.50
THEREFORE BE IT RESOLVED, by the City Council of the City of Fairfax, Iowa
that the Mayor and City Clerk are hereby authorized .and directed to execute said
Resolution.
Passed and approved this day of (e , 2004.
AYE
NAYS:
ABSENT:
The foregoing Resolution No,. 004-37 having been approved this date by the
Q y Council, I here y approve t e same by a fixing my signature as Mayor on this
day of '', ' , 2004.
Bill Voss, Mayor
ATTEST:
Connie Frame, City Clerk