HomeMy Public PortalAboutAB 21-158 Request to Adopt Resolution of Intent to Reimburse from Library Bond FundMcCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB 21-158
Meeting Date June 10, 2021
AGENDA ITEM INFORMATION
SUBJECT:
Request to Adopt Resolution 21-23 Intent to Reimburse Authorized Reimbursable Expenditures from the Library Bond Fund
Department Approvals
Initials
Originator
or
Supporter
Mayor / Council
City Manager
Clerk
Treasurer
Originator
Community Development
Police Department
Public Works
Golf Course
COST IMPACT:
TBD
Parks and Recreation
FUNDING SOURCE:
2021 Library Bond
Airport
Library
TIMELINE:
ASAP
Information Systems
Grant Coordinator
SUMMARY STATEMENT:
The McCall City Council adopted Ordinance No. 999 calling for a bond election for the Library Expansion Project on March 11, 2021. The bond election was held May 18, 2021, asking the
voters of McCall whether the City should issue general obligation bonds of up to $4,200,000 for the library project. The required two-thirds (2/3) majority of the electors cast votes
in favor of issuing the bonds. The City intends to incur and pay for reimbursable expenditures from the Library Bond Fund, and it is the City’s intent to be reimbursed for the expenditures
from the bond proceeds. Adopting the resolution of Intent officially declares the City’s intention to be reimbursed for certain authorized expenditures. The attached resolution was
prepared by bond counsel.
RECOMMENDED ACTION:
Adopt Resolution No. 21-23 Intent to Reimburse Authorized Reimbursable Expenditures from the Library Bond Fund and authorize the Mayor to sign all necessary documents.
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION
03/11/2021
Adopted Ordinance No. 999 calling for a special bond election for the Library Expansion Project.