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COPY ~ <br /> The sum of Three Hundred Seventy One Thousand Two Hundred Sixty Five dollars <br /> ($371,265) is hereby appropriated from general Port funds for the payment of interest <br /> on the Revenue Bonds Series 2012 during the Fiscal Year July 1, 2015 - June 30, 2016, <br /> and the expenditure of said sum for such purpose is hereby authorized. <br /> SECTION 8. REVENUE BONDS SERIES 2012-PRINCIPAL. The sum of Three Hundred <br /> Seventy One Thousand and Twenty Nine dollars ($371,029) is hereby appropriated from <br /> general Port funds for the payment of principal of the Revenue Bonds Series 2012 <br /> during the Fiscal Year July 1, 2015 - June 30, 2016, and the expenditure of said sum for <br /> such purpose is hereby authorized. <br /> SECTION 9. REVENUE BONDS SERIES 2012-RESERVES. The sum of Seven Hundred <br /> Forty Two Thousand Two Hundred Ninety Four dollars ($742,294J theretofore <br /> appropriated, transferred and carried over in the Parity Bond Reserve Fund account <br /> held by the Trustee, is hereby re-appropriated and maintained pursuant to Resolution <br /> No. P-2178 during the Fiscal Year July 1, 2015- June 30, 2016. <br /> SECTION 10. CAPITAL IMPROVEMENTS. The sum of Four Million One Hundred <br /> Sixty Thousand dollars ($4,160,000) is hereby appropriated from Port Reserve Fund and <br /> Grant Fund in connection with Capital Improvements Program for the Port of Redwood <br /> City during the Fiscal Year July 1, 2015 - June 30, 2016, and this expenditure of said sum <br /> for the purpose stated is authorized. <br /> SECTION 11. RESERVE FUNDING. The sum remaining in the general Port funds as <br /> of June 30, 2015, less a prudent amount to be retained in the general Port funds, is <br /> hereby appropriated from General Fund to Reserve Fund in connection with <br /> contingent expenditure for the operation, administration, and/or capital improvement <br /> Scanned <br /> Atty/Port <br /> Ord/os/11�14 4 of 6 Ord P-264 <br />