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_ .. i _ wLL_ __ � �. _ _ - .. � COPY interest on the Revenue Bonds Series 2012 during the Fiscal Year July 1, 2014 — June 30, 2015, and the expenditure of said sum for such purpose is hereby authorized. SECTION 11. REVENUE BONDS SERIES 2012-PRINCIPAL. The sum of Three Hundred Fifty Five Thousand Seven Hundred Ninety Five dollars ($355,795) is hereby appropriated from general Port funds for the payment of principal of the Revenue Bonds Series 2012 during the Fiscal Year July 1, 2014 - June 30, 2015, and the expenditure of said sum for such purpose is hereby authorized. SECTION 12. REVENUE BONDS SERIES 2012-RESERVES. The sum of Seven Hundred Forty Two Thousand Two Hundred Ninety Four dollars ($742,294) theretofore appropriated, transferred and carried over in the Parity Bond Reserve Fund account held by the Trustee, is hereby re-appropriated and maintained pursuant to Resolution No. P-2178 during the Fiscal Year July 1, 2014 - June 30, 2015. SECTION 13. CAPITAL IMPROVEMENTS. The sum of Two Million Eight Hundred Ninety Thousand dollars ($2,890,000) is hereby appropriated from the Series 2012 Bond Project Fund and Port Reserve Fund in connection with capital improvements for the Port of Redwood City during the Fiscal Year July 1, 2014 - June 30, 2015, and this expenditure of said sum for the purpose stated is authorized. SECTION 14. RESERVE FUNDING. The sum remaining in the general Port funds as of June 30, 2014, less a prudent amount to be retained in the general Port funds, is hereby appropriated from General Fund to Reserve Fund in connection with contingent expenditure for the operation, administration, and/or capital improvement of the Port of Redwood City during the Fiscal Year July 1, 2014 - June 30, 2015, and the expenditure of said sum and for the purpose stated is authorized. SECTION 15. TRANSFER,ADDITIONAL APPROPRIATIONS,CANCELLATIONS. $ca�ne� Atty/Port Ord!06/11/14 5 of 6 Ord P-260