HomeMy WebLinkAbout00-456.docNOVEMBER 14, 2000 00-456 RESOLUTION
(CARRIED 7-0 LOST LAID OVER WITHDRAWN )
PURPOSE:
TEMORARY FUNDTRANSFER TO DEBT SERVICE
INITIATED BY: CITY ADMINISTRATION
WHEREAS, a balloon payment is now due on a note issue for TIF #8, and
WHEREAS, the City is borrowing $800,000.00 from the State Trust Funds to to be
repaid from State funds that are expected to be received after December 1st; and
NOW, THEREFORE, BE IT RESOLVED by the Common Council for the City of
Oshkosh that a fund transfer for $800,000.00 is hereby approved from:
Account No. 100-0071-3460-00000 - General Fund Equity to
Account No. 401-0074-5299-00000 - Debt Service Fund - Transfers.