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5797-83 Transfer funds from Hospital fund to garage fund
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5797-83 Transfer funds from Hospital fund to garage fund
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Last modified
5/14/2013 3:12:38 PM
Creation date
10/23/2007 5:25:13 AM
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Office Of Council
Document Type
Resolutions
Date
10/23/2007
Date Adopted
9/19/1983
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ResolutiOSUbjecthto <br /> authorized by t11Facilities <br /> of txansfexe dente Hospita It in: <br /> (a) The the GaraS in axe will xesu <br /> the Garage in a <br /> <br /> inclusion of the In and needs fOr <br /> xovisions management ements <br /> the Y efficient re4u1r ~ exations; <br /> ital <br /> Hospital <br /> ex1thato come°xton wi <br /> ht he Hose s op the <br /> mannuse in connecti the users °f eat revenue <br /> its to rovem <br /> greater assurance ital imP will be availab e <br /> of the City's hose ides since: <br /> (ii) facilof the Hospital <br /> and holders ade0.uate Parkiegation d <br /> bonds that with the op restxicte <br /> ection the GaxaSe oflth <br /> elndentuxe> <br /> in Conn <br /> aa) any sal the PxpvislOns <br /> by and subject tO in Hospital <br /> lusi <br /> and the inc heolna <br /> ntureaonlor imPr V <br /> m nt <br /> anc <br /> (bb) Subj e <br /> liti e futu ct toansi p°s b entenue ssu which <br /> Faci re exP 1e bonds ( <br /> any need e by maki g rev from the <br /> the Gaxag ital improvemable SoleCO the City~s <br /> of hose d ba paY <br /> addition fonds woul not subject thereby avoid- <br /> yeve ital's xevYec~sd bt lanceaanYnsuch i obligments <br /> Hosp ox indi anon <br /> to fin eneral be <br /> ang a <br /> y necessity s issuance of S bonds would <br /> Cite eral °a <br /> d subje t t° the City s <br /> through the and would <br /> bonds> which tf tares limitations needed <br /> eces <br /> Payab C and indixs°ab 1 ty to f~stnof n hex S1tY be <br /> deduce ttei~~YOVements whica i <br /> ~ debt and <br /> exmanen eneral oblig the City's <br /> financed with g of the secuxitital imProvemet <br /> (iix) ~oresubse4u n Indenture, son e geceiPtseundex <br /> ding the Hospital to paY the <br /> outstan bonds under constitute be available <br /> ties to PaY debt <br /> revenue Garage will dinglY' and <br /> from the and> sll Hospital Facilx bonds, <br /> u <br /> the laden t Debt <br /> operating pQSts hospital imPxpveofnfunding sn tttuxe. <br /> on Such ed levhed under the lad <br /> service taro the re0ulr <br /> establis Lakew°od Hospital <br /> to main Fund <br /> ,Reserve from the t txans- <br /> gexvxca r of monies any subse4uResolution~ <br /> ~e transfe Fund and this <br /> b? Facilities on 1 of <br /> Fund to such mo yeg authoxized by Seri <br /> al obligatiOtct <br /> fexs of to retire genex with xesP <br /> wi11~ City tanding m <br /> ently outs of longer ter <br /> (x) anationtnotes curt issuance red by the <br /> bond anticiP and avoid the would ba secu ld be Sub° <br /> to the Garage on bonds that taxes and wolimitations~ <br /> ad t redo <br /> an <br /> genet el f the CiYY, directaandd5 <br /> ndlf eC ued t wOUld cat <br /> pledg the City s on bon o <br /> her needed Pe with <br /> ject t° al obligate to finance be financed <br /> which genex of the City sitY <br /> which must of neees <br /> the ability di- <br /> impxovements on debt; rovide ad ° <br /> general obligata ce the City's ability to the Hospital t <br /> (i-) enh facilities not Citg~e <br /> the <br /> tional Parking ds within <br /> meet parking nee <br /> -3- <br /> <br />
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