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<br />Mav 3. 2005 <br /> <br />293 I, <br /> <br />FinanciallmDact: <br /> <br />. All the funds expected to be expended by the City as a result of adopting the <br />proposed FY 2005-06 Capital Improvement Program are recommended to <br />be appropriated at the time of adoption. <br /> <br />- . Debt service on the new bond issuance will be included in future operating budgets <br />until the outstanding debt is fully retired. <br /> <br />Motion by Mr. Whitehurst, and seconded by Ms. Psimas, to adopt the following <br />ordinance, and was adopted by the following vote: <br /> <br />"ORDINANCE TO APPROPRIATE $19,958,934 IN THE CAPITAL IMPROVEMENT <br />FUND AND $9,860,000 IN THE PUBLIC UTILITIES CAPITAL IMPROVEMENT <br />FUND." <br /> <br />Ayes: Heretick, Moody, Psi mas, Randall, Smith, Whitehurst, Holley <br />Nays: None <br /> <br />On motion, meeting adjourned at 6:20 p.m. <br /> <br />3Zi:17~ <br /> <br />Victor H. Pennington, CMC <br />Senior Deputy City Clerk <br /> <br /> <br />APPROVED- <br />---be. ~ v-J~\/-m: <br /> <br />Dr. James W. Holley III ~ <br />Mayor <br /> <br />~.w~ <br /> <br />Debra Y. Wh~~ . MC/AAE <br />Clerk tJ <br /> <br />r'O"'" <br />