HomeMy WebLinkAboutResolution No. 95-56RESOLUTION NO. 95 -56
A RESOLUTION OF THE CITY OF CAPE CANAVERAL,
BREVARD COUNTY, FLORIDA; AUTHORIZING THE
EXECUTION OF STATE REVOLVING LOAN FUND NO.
CS120825020, AMENDMENT NO. 2; DESIGNATING AN
AUTHORIZED REPRESENTATIVE; PROVIDING FOR AN
EFFECTIVE DATE.
BE IT RESOLVED by the City Council of the City of Cape Canaveral, Brevard County,
Florida, as follows:
SECTION 1. The State Revolving Fund Amendment No. 2 to Loan Agreement No.
CS120825020 attached hereto as Exhibit "A" is hereby approved in the principal amount of
$1,628,000. The Loan Amendment No. 2 shall bear. interest at a rate of 2.97%, with a maturity
date of July 1, 2016. The purpose of Loan Amendment No. 2 is to acquire funding for the
improvement of the City's sanitary sewer system.
SECTION 2. The Mayor is hereby authorized to execute the Loan Amendment No. 2
and all other documents reasonable and necessary to effectuate the closing of the loan
amendment.
SECTION 3. This Resolution shall become effective immediately upon its adoption.
ADOPTED BY the City Council of the City of Cape Canaveral, Florida, this 21 st day
of November , 1995.
ATTEST:
S Sims,, CITY CLERK
APPROVED AS TO F
Kohn Bennett, ITY ATTORNEY
John K. Porter, MAYOR
NAME FOR AGAINST
BRUNS X _
NICHOLAS X _
PETSOS X _
PORTER A _
RANDELS