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HomeMy Public PortalAboutAB 08-88 Warrant ResolutionMcCALL CITY COUNCIL AGENDA BILL Number Meeting Date 216 East Park Street McCall, ID 83638 AB 08-88 April 24, 2008 AGENDA ITEM INFORMATION SUBJECT: Authorizing a Warrant to Satisfy the Wausau Judgment Resolution 08-12 Approvals: Department/ Committee/Individual Initials Remarks (Originator/ Support) Mayor / Council City Manager originator Community Development Treasurer Clerk, Deputy City Clerk Police Department Public Works Golf Operations COST IMPACT: not to exceed $6 2 million Parks & Recreation FUNDING SOURCE: Sewer Revenue Bonds Airport Library TIMELINE: ASAP City Attorney Grant Coordinator SUMMARY STATEMENT: Rick Skinner, Bond Counsel issuance of a warrant up to US Bank has conditionally used to pay the judgment. for the City, has prepared $6.2 million. the attached Resolution 08-12, authorizing the The proceeds from the sale of the warrant will be agreed to purchase the warrant. RECOMMENDED ACTION: Adopt Resolution 08-12 RECORD OF COUNCIL ACTION Meeting Date ACTION