AN ORDINANCE relating to the City Treasury; creating a fund for the deposit of 2018 limited tax general obligation bond proceeds.
Thank you. The bill passed and chair assignment please read agenda item number seven. Agenda item number seven Cancel 118 917. Ruling to the city treasurer you're creating a fund for the deposit of 2018 Limited Tax General Obligation Bond Proceeds Committee recommends the bill pass. Council Member Burgess. Thank you. This is related to the measure we just passed. This sets up the 2018 LG Auto Bond Fund, which then allows us to make the bridge loan so that we can advance the fund sooner than if we were to wait for the sale of the bonds. I would also like to mention here and Councilmember Herbold gets a lot of credit for this. The Office of Housing has agreed in 2017 to have at least two and maybe a third opportunity for low income housing providers to pitch the city on projects rather than just one annual offering. We're going to do it a couple of times, maybe three times during the year. Excellent. Any further comments? Please call the role on the passage of the bill. Or as I. O'BRIEN So on. Bagshaw Burgess High. Gonzalez Herbold Johnson President Harrell nine in favor and unopposed. Bill Parsons Show Assignment Please read items eight and nine together please.