Resolutions-2015-100

Resolution 2015- 100 September 9, 2015 Page 2 SECTION II: That the beginning balance for the Road Use Tax fund for 2015 be adjusted on the SFR to a value of $210, 937, and the beginning balance for Other Street Monies be adjusted to $ 0. SECTION III: That the $ 201, 454 in Road Use Tax revenue for fiscal year 2015 shall be expended in its entirety for Roadway Maintenance and Engineering during the aforesaid fiscal year. SECTION IV: That Road Use Tax funds shall not be used in fiscal year 2015 for the 44% portion of the 2012 G. O. Bond debt service as optionally prescribed, but shall remain in consideration for future years' debt service and that Tax Increment Finance funds shall be used, along with an appropriate amount of Utility Revenue funds for 2015. SECTION V: That with the approval of this resolution by the City Council and its execution by the Mayor, City staff shall electronically file the resolution with the State of Iowa Department of Transportation. PASSED AND APPROVED this September 9, 2015. k, 4 -/ Ste e Berner, Mayor Attest: i;7 Doug Bol t, C' Z Administrator Prepared by Tim D. Long, Interim Assistant to the City Administrator 2