ANKENY CITY COUNCIL

Regular Agenda

February 18, 2019
5 : 30 PM
Gary Lorenz, Mayor
Mark Holm, Mayor Pro tem
Council Members: Bobbi Bentz, Jim McKenna, Kelly Whiting, Kerry Walter-Ashby
Print
ORIGINATING DEPARTMENT: COUNCIL GOAL:
City Manager High Performing City Organization: Financially Sound, Providing Service Value
ACTION REQUESTED:
Resolution
LEGAL:
Item Reviewed by Legal Counsel
SUBJECT:
Proposed Issuance of $9,340,000 General Obligation Bonds, Series 2019A
EXECUTIVE SUMMARY:

The issuance of $9,340,000 General Obligation Bonds, Series 2019A, and levying a tax for the payment thereof.  This pre levy resolution must be approved prior to the adoption the FY 2020 Budget in order that the General Obligation Bonds, Series 2019A debt service payments can be included in the budget .  The $9,340,000 does not represent the entire amount of the General Obligation Bonds, Series 2019A, but only the portion being paid by property taxes. 
FISCAL IMPACT: Yes

 
CITY MANAGER'S RECOMMENDATIONS:
PREVIOUS COUNCIL/COMMISSION/BOARD ACTION(S):
PUBLIC OUTREACH EFFORTS:
ACTION REQUESTED:

Action: Consider motion to adopt RESOLUTION authorizing the issuance of $9,340,000 General Obligation Bonds, Series 2019A, and levying a tax for the payment thereof.
ADDITIONAL INFORMATION:
ATTACHMENTS:
Click to download
Resolution