The citizens of Greensboro and Guilford County are being lied to.

MINUTES OF THE CITY COUNCIL OF THE CITY OF GREENSBORO, N.C. SPECIAL MEETING: 1 DECEMBER 2009;

...295-09 RESOLUTION DIRECTING FILING OF APPLICATION FOR APPROVAL BY LOCAL GOVERNMENT COMMISSION OF A SUPPLEMENTAL INSTALLMENT PURCHASE AGREEMENT WITH GREENSBORO CENTER CITY CORPORATION TO FINANCE IMPROVEMENTS TO THE GREENSBORO WAR MEMORIAL COLISEUM COMPLEX

The City Council does hereby find, determine and declare as follows:

(a) The City of Greensboro, North Carolina (the “City”) proposes to finance the completion of the construction, equipping and furnishing of an aquatics center (the “Project”) located at the site of the Greensboro War Memorial Coliseum Complex (the “Coliseum Complex”)...

Thereupon, upon motion of Councilmember Barber, seconded by Councilmember Perkins, the foregoing resolution was passed by roll call vote as follows:

Ayes: Councilmembers Barber, Bellamy-Small, Groat, Johnson, Matheny, Perkins, and Wells.

Noes: Councilmembers Rakestraw and Wells.

BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF GREENSBORO:

That the Parks & Recreational Facilities Bond Fund – Aquatic Center Capital Project Budget of the City of Greensboro is amended, as follows:

Account No. 525-7501-01.6013

Aquatic Center $6,875,000

And, that this increase is financed by the following revenue:

Account No. 525-7501-01.9000

Certificates of Participation $6,875,000
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