HomeMy WebLinkAboutResolution No. 1995-56•
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RESOLUTION 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
EFNECTIVE 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.
CS 120825020 attached hereto as Exhibit "A" is hereby approved in the principal amount of
$1,628,000. The Loan Amendment No. 2 shall beat 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.
SECIIIINN3AV A,s:;. esoldtion shall become effective immediately upon its adoption.
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OPTED BY the ,c unail of the City of Cape Canaveral, Florida, this 21st day
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of I dvember° 18
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ATTFT p ®aemtti�gfl Pfc.��
Sandral.. Sims, CITY CLERK
APPROVED AS TO F
Kohn Bennett, ITY ATTORNEY .
John K. Porter, MAYOR
NAME FOR AGAINST
BRUNS X
NICHOLAS X
PETSOS
PORTER i<
RANDELS