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13-9355
| A | 1. | Funds transfer (Res. No. 13-0381) | Communication | Subject: (Direct Referral) Request from Robert Rafel to transfer remaining funds of $10,522.44 from account 892.030.5640 (Sidewalk Improvement in Parks) to account 892.030.5790 (West Park Play Equipment Replacement). (Res. No. 13-0381)
Recommendation of the Finance & Personnel Committee on 9-23-13: Permission be granted to transfer remaining funds of $10,522.44 from account 892.030.5640 (Sidewalk Improvement in Parks) to account 892.030.5790 (West Park Play Equipment Replacement).
Fiscal Note: Sufficient funds are available in the identified accounts for this transfer. | Recommended For Approval | Pass |
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13-9378
| A | 2. | Communication from the Finance Director requesting that Brad Viegut of Robert W. Baird Company be allowed to appear before the Finance and Personnel Committee at their next scheduled meeting to discuss refunding opportunities for various debt issues. (Re | Communication | Subject: Communication from the Finance Director requesting that Brad Viegut of Robert W. Baird Company be allowed to appear before the Finance and Personnel Committee at their next scheduled meeting to discuss refunding opportunities for various debt issues. (Res. No. 13-0405)
Recommendation of the Finance & Personnel Committee on 9-23-13: Callable portions of the 2003 City of Racine G.O. Refunding Bonds dated July 15, 2003 and the 2013 Note Anticipation Notes dated July 9, 2013 be refunded with new Bonds tentatively dated November 6, 2013 with a final maturity of 2027.
Fiscal Note: The present value savings of refunding the 2003 Bonds is approximately $1,000,000 and will result in lower debt service tax levies over the next five years. | Recommended For Approval | Pass |
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