Agenda Summary
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Requesting the appropriation of $403,980 from the Unreserved Fund Balance ("Free Cash") to the Debt Service, Interest on Notes/BANS Account for payment of interest for the 90 Washington Street property acquisition.
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Official Text
To the Honorable City Council:
The Mayor respectfully requests that this Council appropriate $403,980 from the Unreserved Fund Balance ("Free Cash") to the Debt Service, Interest on Notes/BANS account (0170059-592500) to pay interest on the short-term Bond Anticipation Note for the acquisition of the 90 Washington Street property.
Appropriate staff will be available to address any questions you may have. Thank you for your consideration of this item.
Respectfully Submitted,
Katjana Ballantyne, Mayor