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Title:
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Subject: Communication sponsored by Alder Horton, on behalf of the Finance Director, to approve a resolution authorizing the issuance and sale of $16,525,000 of 2024 general obligation promissory notes dated October 22, 2024 to be used for paying the cost of various capital improvement and acquisition projects and vehicles and equipment as set forth in the 2024 capital improvement plan.
Recommendation of the Finance and Personnel Committee on 09-23-2024: To approve a resolution authorizing the issuance and sale of $16,525,000 of 2024 general obligation promissory notes dated October 22, 2024 to be used for the paying the cost of various capital improvement and acquisition projects and vehicles and equipment as set forth in the 2024 capital improvement plan.
Fiscal Note: Long term capital projects of $12,329,525 and equipment of $4,192,075 have been approved and budgeted in 2024 through this borrowing. Payments due in the years 2025 through 2038.
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