HomeMy WebLinkAboutResolutions - No. 99-186RESOLUTION NO. 99-186
A RESOLUTION OF THE LODI CITY COUNCIL APPROVING THE
TRANSFER OF FUNDS TO THE ELECTRIC UTILITY CAPITAL
OUTLAY FUND
BE IT RESOLVED, that the Lodi City Council does hereby approve the transfer of
funds in the amount of $5,457,900 to the Electric Utility Capital Outlay Fund 161; and
BE IT FURTHER RESOLVED, that the transferred funds are as follows:
1) Electric System Revenue Certificates of Participation
Series A & B 1999 Proceeds $4,857,900
2) Electric Utility Rate Stabilization Reserve $ 600.000
TOTAL $5.457.900
Dated: November 17, 1999
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I hereby certify that Resolution No. 99-186 was passed and adopted by the Lodi
City Council in a regular meeting held November 17, 1999 by the following vote:
AYES: COUNCIL MEMBERS — Hitchcock, Mann, Nakanishi and Land (Mayor)
NOES: COUNCIL MEMBERS — None
ABSENT: COUNCIL MEMBERS — None
ABSTAIN: COUNCIL MEMBERS — Pennino
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ALICE R MCHE
City Clerk