Board Of Aldermen - Minutes - 4/26/2021 - P21

Resolution R-21-128

REQUEST TOISSUE BONDS NOT TO EXCEED ONE MILLION
FIVE HUNDREDAND FIFTY THOUSAND DOLLARS ($1,550,000).

THE PROCEEDS OF SAID BONDS SHALL BE USED IN ADDITION
TO THE $2,800,000 PREVIOUSLY APPROPRIATED UNDER
RESOLUTION R-19-127 APPROVED ONAPRIL 30, 2019 TO PAY
COSTS OF THE POLICE DEPARTMENT'S HEATING,
VENTILATION, AND AIR CONDITIONING (HVAC) SYSTEM,
WINDOW IMPROVEMENTS AND LOCKER AREA IMPROVEMENT
PROJECTS.

THE USEFULLIFE OF THE IMPROVEMENTS IS TWENTY YEARS

WITH THE APPROVAL OF THIS ADDITIONAL BORROWING, THE
TOTAL AMOUNT AVAILABLE FOR THIS RENOVATION PROJECT
WILL BE FOUR MILLION THREE HUNDRED FIFTY THOUSAND
DOLLARS ($4,350,000).