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CITY OF CENTERVILLE <br />REQUEST FOR <br />COUNCIL ACTION <br />Centerviffe <br />Agenda Item # <br />Department: <br />Requested Council Meeting Date: <br />IX.1 <br />Administration <br />July 27, 2022 <br />TITLE OF ISSUE: <br />Assigning Special Assessments to Fund 353 <br />BACKGROUND AND SUPPLEMENTAL INFORMATION: <br />Funds 348-2015A Bonds, 349-2011A Bonds, and 352-2013A Bonds have been closed. There are still <br />assessments associated with those projects that are coming into those funds. Staff would like City Council <br />authorization to assign those special assessment to Fund 353-2021A Refunding Bonds. <br />Without action to assign these assessments, they must be credited to the General Fund as a matter of accounting <br />principle. <br />Staff is recommending this action to accumulate additional funds to reduce future debt levies for Fund 353. <br />COST AND SOURCE(S) OF FUNDING: <br />No cost to assign these special assessment revenues from Funds 348, 349 and 352 to Fund 353. <br />REQUESTED COUNCIL ACTION: <br />Staff recommends that the City Council adopt the attached resolution as presented. <br />For Clerk's Use: <br />SUPPORTED DOCUMENTS ATTACHED <br />Motion By: <br />Resolution Ordinance Contract Minutes Plan Map <br />Second By: <br />X <br />Vote Record: Ave Nay <br />Love <br />Lakso <br />0 King <br />Koski <br />Other (specify) <br />Mosher <br />Administration Department Use: <br />Refer to: <br />Consent <br />Regular <br />Tabled Until: <br />Other: <br />