2002/02/12 City Council Resolution (10)RESOLUTION NO. 2002 --33-_
A RESOLUTION OF THE COUNCIL OF THE CITY OF ROHNERT PARK
AUTHORIZING THE USE OF THE 1999 TAX ALLOCATION BOND PROCEEDS TO
FUND THE BALANCE OF THE MAGNOLIA POOL PROJECT
WHEREAS, the City completed the Magnolia Pool project last
fiscal year; and
WHEREAS, the project was funded through a combination of
Capital Outlay and 1999 Tax Allocation Bond Proceeds; and
WHEREAS, upon final agreement with the General Contractor,
there is still an amount outstanding of.$161,920; and
WHEREAS, currently there is not sufficient money available
in the Capital Outlay Fund to cover this cost; and
WHEREAS, the City has available Tax Allocation Bond proceeds
that can be used for this purpose; and
NOW, THEREFORE, BE IT RESOLVED that the Council does
authorize the use of the 1999 Tax Allocation Bond proceeds to
fund the balance of the Magnolia Pool project.
DULY AND REGULARLY ADOPTED by the Rohnert Park City Council
this 12th day of February, 2002.
M5
CITY OF ROHNERT PARK
MACKENZIE: AYE REILLY: AYE SPIRO: AYE VIDAK- MARTINEZ: AYE FLORES: AYE
AYES: (5) NOES: (0) ABSENT: (0) ABSTAIN: (0)