Item C27
BOARD OF COUNTY COMMISSIONERS
AGENDA ITEM SUMMARY
Meeting Date: September 17.2003
Division:
Management Services
Bulk Item: Yes ~ No
Department: Administrative Services
AGENDA ITEM WORDING:
Approval to close fund 305, Sales Tax Bond - Caphal Improvement, and approval to transfer residual
funds to fund 205, 1991 Sales Tax Revenue Bonds.
ITEM BACKGROUND:
Bonds were issued for the construction of the jail on Stock Island. The jail has been completed for
several years, however approximately $1.4 million dollars remains in the fund. These funds will be
transferred to the 1991 Sales Tax Revenue Bond Fund where they will be applied towards our next
debt payment.
PREVIOUS RELEVANT BOCC ACTION:
The Board previously adopted resolution no. 206-1990 on March 27, 1990 to provide for the issuance
of bonds.
CONTRACT/AGREEMENT CHANGES:
N/A
STAFF RECOMMENDATIONS:
Approval
TOTAL COST:
N/A
BUDGETED: Yes
No
COST TO COUNTY:
N/A
SOURCE OF FUNDS:
REVENUE PRODUCING: Yes
No-X AMOUNT PER MONTH_ Year
APPROVED BY: County Atty _ OMB/Purchasing ~ Risk Management_
DIVISION DIRECTOR APPROVAL:
'-.:)k:ji II 4,uh'2./
/ Sheila A. Barker
DOCUMENTATION:
Included
To Follow_
Not Required_X_
DISPOSITION:
AGENDAITEM#~~
Revised 1103