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July 25, 2002 <br />y To: Mayor Rinker ' <br />Council President Buckholtz <br />All Members of Council <br />From: Phil Brett MYtd1--- <br />Reference: Revised Appropriation Ordinance <br />I would like to place on the August 19'h agenda the attached revised appropriation <br />ordinance. Most of the changes to the ordinance involve transfers. The changes are as <br />foliows: <br />Transfer from the General Fund to the Infrastructure Improvement Fund: An increase of <br />$25,000 from $25,000 to $50,000 to bolster the amount of funds available to undertake <br />storm drainage work. <br />Transfer from the General Fund to the Bond Retirement Fund: An increase of $500,000 <br />from $200,000 to $700,000 to retire the Parkview Pool Loan. <br />Transfer from the Capital Improvement Fund to the General Bond Retirement Fund: <br />From $0 to $300,000 to paydown on funds borrowed for the purchase of the Church. <br />Transfer from North Commons T.I.F. to General Bond Retirement Fund: A decrease of <br />$100,000 from $400,000 to $300,000 to reflect actual T.I.F. revenues versus projections. <br />If you have any questions regarding any of these adjustments, please fee free to contact <br />me at your eazliest convenience.