HomeMy WebLinkAboutResolution 2003-025 N.C.S. 02/24/2003Resolution No. 2003-025 N.C.S.
of the City of Petaluma, California
RESERVING A PORTION OF THE
FUND BALANCE OF THE
COMMUNITY FACILITIES IMPACT FEE FUND
WHEREAS, the City wishes to pay the remaining debt service obligations for the
Petaluma Community Center from the Community Facility Impact Fee Fund; and,
WHEREAS, the FY 2003 debt service obligations are $651,250; and,
WHEREAS, the City wishes to reserve a portion of the unreserved fund balance of the
Community Facilities Impact Fee Fund for the current debt service obligations.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
Petaluma, California reserves $651,250 of the existing unreserved fund balance of the
Community Facilities Impact Fee Fund for the purpose of providing debt service obligations of
the Petaluma Community Center for Fiscal Year 2003.
BE IT FURTHER RESOLVED that the City Council of the City of Petaluma,
California intends that the remaining debt service obligations of the Petaluma Community Center
be paid out of the Community Facilities Impact Fee Fund.
Under the power and authority conferred upon this Council by the Charter of said City.
REFERENCE: I hereby certify the foregoing Resolution was introduced and adopted by the Approved as to
Council of the ~ity of Petaluma at a (Regular) (Adjourned) (Special) meeting ~ form
on the .........~4............ day of ........February ................................ 20.03, by the.
following vote: ......................................
City Attorney
AYES: Canevaro, Mayor Glass, Harris, Healy, Moynihan, Vice Mayor O'Brien, Torliatt
NOES: None
ABSENT: None ~ ~ ~ ~ ) ~
......... ....... ......... ~% aN Ie~J%t~..l.`~......................... ...1~ ... .........................
ATTEST: ... ... ~ ....
City Jerk Mayor
Council File ...................................
Res. No.........24Q.3.-.Q2~5..._.N.CS.