Item Coversheet

Council Communication

Department: Finance
Case/Project No.: Reimbursement Resolution
Submitted by: Danielle Bemis 		Resolution 19-145
ITEM 8.B.		Council Action: 6/10/2019
Description

Resolution declaring an official intent under Treasury Regulation 1.150-2 to issue debt to reimburse the City for certain original expenditures paid in connection with specified Projects.
Background/Discussion

The City of Council Bluffs intends to issue general obligation bonds for FY20 CIP projects.  This resolution allows the City to reimburse itself from the bond proceeds for expenses incurred for these specific projects prior to the official sale date of the bonds. A copy of the approved FY20 CIP is attached.
Recommendation

Approve the resolution.
ATTACHMENTS:
DescriptionTypeUpload Date
Final FY20 CIP_ApprovedResolution5/14/2019
Resolution 19-145Resolution6/5/2019