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Item Coversheet <br />Page 2 of 2 <br />BUDGET/TIME IMPLICATIONS: <br />The 2015 Budget approved by Council included provision for the issuance of bonds in the amount of $19.9 million for the <br />purpose of the dredging project. Council passage of this ordinance will amend the 2015 budget to include the final revenue <br />based on the proceeds received at the time of sale and 2015 dredging project expense in accordance with the final number <br />approved with Council passage of the dredging contract award. <br />Approval action by the Council is time sensitive to enabling monies to be available to defray the cost of the dredging project <br />in accordance with the construction schedule timelines of the dredging contractor. <br />STAFF REFERENCE: Tim Gleason, City Manager Gregg D. Zientara, City Treasurer & Director of Finance <br />ATTACHMENTS: <br />Description <br />13 Bond Ordinance <br />REVIEWERS: <br />Department <br />Financial Management <br />City Manager <br />C'it� Manaaer <br />Reviewer <br />Zientara, Gre(n,, <br />'l yus. 1:301N <br />Clleason. Tini <br />Type <br />Cover Memo <br />Action <br />Approved <br />Approl ed <br />Approved <br />Date <br />8/14/2015 - 10:38 � M <br />8/1.1.'2015 - 10:40 AM <br />8i"]4/2015 - 11:20 .AM <br />http://decatur.novusagenda.com/AgendaWeb/CoverSheet.aspx?ItemlD=199 8/17/2015 <br />