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• 3. The budgeted revenues shown on page 25 of the <br />aforesaid document are hereby designated as capital projects <br />fund revenues, and the Director of Finance is authorized to <br />make such fund transfers annually as may be necessary to <br />carry out the intent expressed in such budget. <br />4. The Director of Finance, along with the City <br />Attorney, is authorized to retain bond counsel and such other <br />assistance as is customarily needed in connection with the <br />issuance of the bonded indebtedness required by the aforesaid <br />multi-year capital improvements program. The Director of <br />Finance shall propose to the Council a schedule for the <br />issuance of such indebtedness consistent with applicable <br />federal tax regulations and as dictated by market conditions, <br />provided that no more than $5 million dollars of the <br />authorized total of bonded indebtedness shall be issued in <br />any one calendar year. <br />5. The funding of any project in the multi-year capital <br />improvements program indicated as being funded in part by <br />contributions from other governmental entities shall be <br />expressly conditioned upon the availability of such funding. <br />Approved by Council <br />June 6, 1988 <br />1 rk of Council <br />• 88-6-27 <br />2 <br />