File #: 17-0619    Version: 1
Type: Department Staff Report Status: Agenda Ready
File created: 6/7/2017 In control: Office of Management & Budget
On agenda: 6/13/2017 Final action: 6/13/2017
Title: Interfund Loan - Lakes Golf Course
Indexes: Interfund Loan, Office of Management & Budget, Sandridge Golf Course
Attachments: 1. Staff Report, 2. Golf Course Bonds Proposed Debt Service Schedule
Related files: 17-1032

Title

Interfund Loan - Lakes Golf Course

Recommended Action

Staff recommends that the Board authorize an interfund loan from General Fund reserves in the amount of $1,100,000 at an interest rate of 1.5% per year.  The principal of this loan will be repaid over a four (4) year period as shown in the Proposed Debt Service Schedule.