Bill Type and
Number: Ordinance 2006-888
Sponsor: Council President at the Request of the Mayor
Date of
Introduction: August 8, 2006
Committee(s)
of Reference: F
Date of
Analysis: August 10, 2006
Type of
Action: Financing Plan Revisions/Repeal of
Ordinance/Amendment of Ordinance
Bill Summary: This bill makes technical changes to the
City’s Special Revenue Bond program, which was established for the financing of
municipal capital improvements and other governmental undertakings. Ordinance 2005-1086-E, under which the
program was originally established, is repealed, and all references in
Ordinance 2005-1085-E to Ordinance 2005-1086-E are amended to refer instead to
this ordinance (2006-888). Conflicting
ordinances and resolutions are waived to the extent of any such conflict.
Background
Information: Information from the Administration and
Finance Dept. states that the Banking Fund ordinance technical revisions were
requested by bond counsel.
Policy Impact
Area: Bonds; Capital Improvements
Fiscal Impact: Undetermined
Analyst: