1. Provide a loan of $850,000 from the Solid Waste Fund to provide sufficient cash in the Tower Road Construction Fund to meet its financial obligations as of the end of Fiscal Year 2007-08; and
2. Implement the following plan for the repayment of the borrowed funds.
a) On or about July 16, 2008, $612,800 of funds received as a rebate for the installation of the co-generation facility at the Youth Services Center, will be transferred to the Solid Waste Fund.
b) On or about July 31, 2008, $237,200 from the proceeds of work completed by the Crafts Services Section will be transferred to the Solid Waste Fund in full repayment of the loan.
c) Beginning in FY 08-09 and continuing for four years, transfer $153,200 per year from the Crafts Services Section to repay the energy funds, for a full repayment of the $612,800 by the end of FY 11-12. The repayments will come from the proceeds of work completed by the Craft Services Section during that year.
d) There will be no interest charged to the Crafts Services Section on the loan from the Solid Waste Fund and the energy funds.