Department: Finance
Subject: Type of Action: Approval/Action
title
Resolution authorizing the Mayor to take a portion of the proceeds of certain future borrowings to reimburse the 2014 Capital Improvement Fund of the City for expenditures incurred prior to borrowing issuance.
Resolution No.
body
Finance Information:
Account Number: 4026
City Cost Amount: $ 260,000,000
Total Cost: $ 260,000,000
Special Circumstances:
Grant Funded: $ N/A
Grant Title - CFDA or granting Agency: N/A
Resolution #: N/A
Location: (list below)
Address: N/A
District: District 1 N/A District 2 N/A District 3 N/A District 4 N/A District 5 N/A
Additional Comments:
The debt service created by these series of borrowings will be funded by both TIF 9 (Resolution #26-592) and the 2026 1% lodging tax (Ordinance #26-484).