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Item 4I AudioItem 4IItem 4I Resolution 09Resolution 09--005005 February 3, 2009February 3, 2009 Action RequestedAction Requested Approval of Resolution as initial step to Approval of Resolution as initial step to •• issue certificates of obligation for issue certificates of obligation for capital improvement projects capital improvement projects PurposePurpose Resolution willResolution will •• Establish the maximum amount of bond Establish the maximum amount of bond –– ($25,895,000);($25,895,000); Authorize the publication of a notice in the Authorize the publication of a notice in the –– newspaper;newspaper; Next StepsNext Steps Publication in newspaperPublication in newspaper •• February 17February 17and 24and 24 thththth –– Rating meetingsRating meetings •• April 7April 7 thth –– Ordinance for City Council approvalOrdinance for City Council approval--public public •• hearinghearing April 21April 21 stst –– Bond closing and delivery of fundsBond closing and delivery of funds •• May 21May 21 stst –– Questions?Questions? Sharen JacksonSharen Jackson 817.748.8042817.748.8042