HomeMy WebLinkAboutResolution No. 2003-18 RESOLUTION NO. R2003-18
A RESOLUTION OF THE CITY OF FRIENDSWOOD, TEXAS,
ADOPTING THE BOND ISSUANCE SCHEDULE FOR THE
CAPITAL IMPROVEMENTS PROJECTS (CIP)AS APPROVED
BY THE VOTERS.
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WHEREAS, a Bond Election was held on February l, 2003, for four (4) propositions.
The four (4) propositions included improvements for Public Safety Facilities, Drainage
Projects, Street and Thoroughfare Projects and Centennial Park. The amount of the
General Obligation Bonds will not exceed $20,08>,000, and therefore;
WHEREAS, Council has by Resolution R2003-14 adopted the Capital Improvement
Plan(CIP);
WHEREAS, it is the desire of Council to set the schedule of Bond issuance based on the
CIP Plan.
NOW, THEREFORE, BE IT RESOLVED, the schedule of Bond Issuance is based on
the adopted CIP Plan and the prajected schedule is set as follows:
2003 Approzimately $ 8.7 Million
2005 Approzimately $ 8 Million
2006 Approzimately $ 3.4 Million
PASSED,APPROVED,AND RESOLVED,this 3rd day of March 2003.
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Harold L. Whitaker
Mayor
ATTEST:
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Deloris McKenzie, RMC
City Secretary