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Agen& Report <br />Reimbursement Resolution for Finsocing Spats Perk Project Costs <br />Page two of two <br />_illiFMIOJMM1 1' . <br />There is no immediate financial impact as a result of approving the reimbursement resolution. <br />If the City Council were to elect to actually be reimbursed for certain expense incurred prior to <br />bond issuance, up to $2 million could be redirected to other "one-time" uses. Future annual <br />debt service would also be increased by approximately $120,000 if the City Council elected to <br />redirect funds for other uses. <br />None <br />;_3 a t t/_IAt3 Mimi 4�1 <br />Approve Resolution No. R_ r 17-01 , which provides for the reimbursement of certain <br />expenditures from proposed tax exempt financing. <br />Attachments: Resolution No. R —117-01 <br />REVIEW Y <br />City Attorney: Flnapce Director. <br />City Manager. OTHgR: <br />Revised 10/30/01 <br />