Discussion and action on a Resolution that the City Manager, or designee, be authorized to reduce the remaining authorized but unissued amount for the 2019 Capital Plan by $889,056, as no additional Certificates of Obligation will be issued. This action will result in a net budget decrease of $212,046. The remaining amount will be covered by the bond issuance costs. Additionally, to authorize the

Staff Report & Agenda Item Details

Discussion and action on a Resolution that the City Manager, or designee, be authorized to reduce the remaining authorized but unissued amount for the 2019 Capital Plan by $889,056, as no additional Certificates of Obligation will be issued. This action will result in a net budget decrease of $212,046. The remaining amount will be covered by the bond issuance costs. Additionally, to authorize the transfer of funds in the 2018 Capital Plan from the PCPBALANCE to the Sun City Lights Project in the amount of $212,046.

This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 9.3/10). Under the Bastiat Liberty Watchdog Index, measures that increase tax rates or fee schedules, issue new debt or Certificates of Obligation, expand regulatory/zoning restrictions on private land use, or authorize unbudgeted spending expansions reduce an official's Freedom Score when voted YES (and reward dissenting NO votes).