Item Coversheet
Council Communication
Department: Finance
Case/Project No.:
Submitted by: Finance Department
Resolution 20-64
ITEM 6.H.
Council Action: 2/24/2020
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 FY21 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 FY21 CIP is attached.
Recommendation
Approve this resolution.
ATTACHMENTS:
Description
Type
Upload Date
FY21 CIP
Other
2/14/2020
Resolution 20-64
Resolution
2/18/2020