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HAMLIN Peggy D <br /> From: DIXON Valerie A <br /> Sent: Thursday, 29 November, 2001 8:52 AM <br /> To: HAMLIN Peggy D; DONAHUE Tammy G <br /> Subject: FW: Use Interest Earnings for Parks Study <br /> This may come up while I'm gone - - should all be from capital. Thanks, Val Peggy - To <br /> use interest earnings from POS bonds, you would establish a capital project through SB <br /> action with the offset coming from balance available in 321. <br /> -----Original Message----- <br /> j From: CARLSON Jim R <br /> Sent: Wednesday, November 28, 2001 5:00 PM <br /> j To: MEDLIN Johnny R <br /> Cc: RINER Andrea G; COREY Kurt A; DIXON Valerie A; JONES Angel L <br /> Subject: RE: Use Interest Earnings for Parks Study <br /> Great, thanks for the update. Everyone should always look for non-GF resources first on nearly every issue.. <br /> C JimC <br /> -----Original Message----- <br /> From: MEDLIN Johnny R <br /> Sent: Wednesday, November 28, 2001 4:27 PM <br /> To: CARLSON Jim R <br /> Cc: RINER Andrea G; COREY Kurt A; DIXON Valerie A; JONES Angel L <br /> Subject: RE: Use Interest Earnings for Parks Study <br /> Hi Jim, <br /> I believe we are all in full agreement that Park SDC should be used in addition to the below funding. In staff <br /> conversations we have been batting around proposing figures in the area of: <br /> Bond Interest $100,000 <br /> Park SDC 50,000 <br /> Stormwater 50,000 <br /> Total $200,000 <br /> We will keep working on this in preparation for the next POS policy team meeting. Thanks for the info. -Johnny <br /> <br /> J -----Original Message----- <br /> From: CARLSON Jim R <br /> Sent: Wednesday, November 28, 2001 10:14 AM <br /> To: COREY Kurt A; MEDLIN Johnny R <br /> Subject: FW: Use Interest Earnings for Parks Study <br /> Here is anon-general fund source for POS Plan update. I still think some parks SDC resources could also be <br /> used for the neighborhood park side. <br /> Jim Carlson <br /> -----Original Message----- <br /> From: CUTSOGEORGE Sue L <br /> Sent: Wednesday, November 28, 2001 7:43 AM <br /> To: CARLSON Jim R; RINER Andrea G <br /> Subject: Use Interest Earnings for Parks Study <br /> I checked with our bond counsel about the use of interest earnings on the P&OS bonds to pay for a portion of a <br /> study to determine where our next parks projects and land acquisitions should occur. He said that the legal <br /> issue hinged on whether we could capitalize the costs and suggested that to be doubly sure of the answer, we <br /> should check with our external auditors. <br /> Finn and I discussed this and he said that a parks study would fall within the City's normal guidelines for an item <br /> 1 <br /> <br />