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5.5. SR 08-08-2005
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5.5. SR 08-08-2005
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1/21/2008 8:35:23 AM
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8/5/2005 2:40:30 PM
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<br />the building), it could easily ha"\Te a budget of $2.5 million or more. This \vould require all of <br />the funds in both tllese resel"\Tes through 2009. <br /> <br />In conclusion, the Library project sllould be able to be financed \vith reserves; but by doing <br />so dlere may be limited funds being sa'\red for future projects until 2010. ~Again, the funding <br />source for these reserves is in the landfill host fee. .i\ worst case scenario is that some <br />funding \vould ha\Te to come from tax re\Tenues by way of the annual general fund budget if <br />we run out of reserve monies or the Landfill expansion is not approved. <br /> <br />s: \ Council\Pat\2005 \ \Vorksessions \LibraryY-i\ICA.doc <br />
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