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8.A. - Page 4 <br /> FISCAL IMPACT <br /> The Finance Department will be establishing an enterprise fund to account for all <br /> transactions involving the operation of the Docktown Marina. Although the goal is for <br /> this to be a self-supporting operation we do recognize that certain upfront costs will <br /> need to be funded. At this time we expect that $50,000 will be needed to fund upfront <br /> costs and propose that these funds be borrowed from the capital outlay fund with a <br /> repayment schedule not to exceed five years at the same interest rate the city earns on <br /> its funds invested in the State of California Local Agency Investment Fund. <br /> ENVIRONMENTAL REVIEW <br /> Not a project. <br /> � <br /> BILL EKERN <br /> COMMUNITY DEVELOPMENT DIRECTOR <br /> �� <br /> ROBERT B. BELL <br /> CITY MANAGER <br /> ATTACHMENTS <br /> 1. Berthing Agreement <br /> 2. Tenant Fees <br /> 3. Resolution <br /> 4. Ordinance <br />