City of Sanibel - File #: RES 19-080

• File #: RES 19-080
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 11/20/2019
• In control: City Council
• On agenda: 12/3/2019
• Final action: 12/3/2019
• Title: RESOLUTION 19-080 APPROVING BUDGET AMENDMENT 2020-006 AND PROVIDING AN EFFECTIVE DATE (To appropriate $1,890,000 for the purchase of the Sanibel Captiva Bank property located at 2475 Library Way. The funds for this amendment are being provided by an interfund loan from the General fund to the Capital Acquisition fund. Repayment to the General Fund is expected in full when the debt proceeds for the Center 4 Life purchase and remodel are received. This amendment increases the fiscal year 2020 budget by $1,890,000)

Date	Ver.	Action By	Action	Result
12/3/2019	1	City Council	approved	Pass

Title

RESOLUTION 19-080 APPROVING BUDGET AMENDMENT 2020-006 AND PROVIDING AN EFFECTIVE DATE (To appropriate $1,890,000 for the purchase of the Sanibel Captiva Bank property located at 2475 Library Way.  The funds for this amendment are being provided by an interfund loan from the General fund to the Capital Acquisition fund.  Repayment to the General Fund is expected in full when the debt proceeds for the Center 4 Life purchase and remodel are received.  This amendment increases the fiscal year 2020 budget by $1,890,000)