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RES102003A
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12/6/2004 2:50:04 PM
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11/19/2003 2:10:03 PM
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RESOLUTIONS
RESOLUTIONS - DESCRIPTION
authorizing the offering for sale of certificates of participation( U. City Lessee), Series 2003
DATEADOPTED
10/20/2003
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Sources of Revenue <br /> <br /> The City finances its general operations through the following taxes and other miscellaneous sources. <br />The sources of revenue anticipated by the City for the current fiscal year are shown below: <br /> <br />Source Percent <br /> <br />Taxes ............................................................................................ 11% <br />Charges for Services ..................................................................... 15 <br />Intergovernmental ........................................................................ 44 <br />Licenses, Permits and Fees ........................................................... 24 <br />Miscellaneous ............................................................................... _~6 <br />Total. ............................................................................................ 100% <br /> <br />Source: City's Annual Budget for the fiscal year ending June 30, 2004. <br /> <br />DEBT STRUCTURE OF THE CITY <br /> <br />Certificate Payment Schedule <br /> <br />The annual debt service requirements for the Certificates are as follows: <br /> <br />Fiscal Year <br />Ending June 30 Principal Interest <br /> <br />Total <br /> <br />2004 <br />2005 <br />2006 <br />2007 <br />2008 <br />2009 <br />2010 <br />2011 <br />2012 <br />2013 <br />2014 <br />2015 <br />2016 <br />2017 <br />2018 <br />2019 <br /> <br />Totals $6..240,000* $ $ <br /> <br /> <br />
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