HomeMy Public PortalAbout100_030_Scan 09262013 Agenda Write-Off 16138 Note Receivable - Tybee Theater MAYOR CITY MANAGER
Jason Buelterman Off Diane Schleicher
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CITY COUNCIL CLERK OF COUNCIL� ��; f4 �,
Wanda Doyle,Mayor Pro Tern
Janet LeV finer
Barry Brown y:► 1
Jan Fox ` ` CITY ATTORNEY
Bill Garbett
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�i .' � ` Edward M. Hughes
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Paul Wolff
CITY OF TYBEE ISLAND
City Council Agenda Item Request
Agenda Item Requests must be submitted to the Clerk of Council by 5:00PM the Thursday prior to the
scheduled Council meeting. If this form is received after the deadline,the item will be listed on the next
scheduled agenda.
Council Meeting Date for Request:
September 26,2013
Item: To request the City Council's approval to write-off 25%of the$64,550 Notes Receivable due from Post
Tybee Theater as bad debt, effective June 30, 2013.
Explanation: In FY2011 the City of Tybee Island loaned the Tybee Theater$64,909. The Post Tybee Theater
has only made one payment of$359 toward the loan in FY2012,reducing the balance due to $64,550. Since
that time, the Post Tybee Theater has requested and received additional'funds from the city due to financial
need. Therefore, it is requested that the City Council write-off25%`($16,138) of the balance due as of June 30,
2013 and report the amount as a bad debt expense.
Budget Line Item Number(if applicable):
Paper Work: Attached* Already Distributed
To Be Handed Out at Council Meeting(by Requester)
Audio/Video Presentation**
** Audio/video presentation must be submitted to the IT department at City Hall
By 5:00PM the Thursday prior to the next scheduled City Council Meeting
OTE: Request will be postponed if necessary information is not provided.
Submitted by:
Phone/Email: (912) 72-5021/ahudsonncityof tybee.org
Comments:
Date given to Clerk of Council
* * *
P.O.Box 2749—403 Butler Avenue,Tybee Island,Georgia 31328-2749 *Certified*
(866)786-4573—FAX(866)786-5737 , City of 1
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www.cityoftybee.org