AN ORDINANCE AUTHORIZING THE ISSUANCE OF A CAPITAL IMPROVEMENT REVENUE NOTE, SERIES 2017A AND 2017B OF THE CITY, AND EXECUTION AND DELIVERY OF THE LOAN AGREEMENT IN AN AMOUNT NOT TO EXCEED $16,766,300 TO REFINANCE THE CITY’S OUTSTANDING CAPITAL IMPROVEMENT REVENUE NOTE, SERIES 2009, AND TO FINANCE VARIOUS CAPITAL IMPROVEMENTS; ACCEPTING THE PROPOSAL OF LENDER; APPROVING THE FORM OF LOAN AGREEMENT AND NOTES EVIDENCING SUCH FINANCING; PROVIDING FOR THE PAYMENT OF SUCH NOTE FROM THE NON-AD VALOREM FUNDS OF THE CITY. (SECOND READING)(PUBLIC HEARING)

Committee

City Commission

Requested by

Finance and Administrative Services

Introduced

May 24, 2017

On agenda

July 27, 2017

Passed

July 27, 2017