2544-18 Bond Ordinance - Multipurpose 5.22.18-Council Copy.pdf

Purpose Appropriation & Estimated Cost Estimated Maximum Amount of Bonds & Notes Period of Usefulness and other improvements in accordance with the list on file in the Clerk’s Office to the extent of the funds available, acquisition and installation of LED high visibility signs, shade tree replacement and installation of signs and striping g) Vehicle acquisition or improvement consisting of major capital repair of fire trucks and acquisition of 4X4 vehicles for Administration and Code Departments, service truck, ½ ton cargo van, pick-up truck with plow, front end loader, loader buckets and large hydraulic pump for DPW, fire pick-up and 4X4 vehicles for Fire Department and 4X4 vehicle, special service pick-up vehicle and snow plow for Police Department $1,229,158.00 $1,170,626.67 5 years TOTALS: $9,644,148.00 $9,184,902.86 The excess of the appropriation made for each of the improvements or purposes aforesaid over the estimated maximum amount of bonds or notes to be issued therefor, as above stated, is the amount of the down payment for each purpose. Section 4. All bond anticipation notes issued hereunder shall mature at such times as may be determined by the chief financial officer; provided that no bond anticipation note