General

Agenda — 1 item

1. Resolution 2024/ - A Resolution of the City Commission of the City of Deerfield Beach, Florida, authorizing a loan in the aggregate principal amount of not exceeding $16,500,000 to provide financing for certain capital improvements to the City's Water and Sewer System and related costs; authorizing the issuance of a Water and Sewer Revenue Note, Series 2024 to evidence such loan; making findings and determinations as to the loan and the note; accepting the lender's proposal to provide the loan and purchase the note; providing that the City's obligations under the loan and the note shall be secured and payable from pledged funds consisting primarily of the net revenues of the City's Water and Sewer System; approving the form of a loan agreement with the lender and authorizing the execution and delivery of the Loan Agreement and the Note; authorizing other required actions in connection therewith; providing that inconsistent resolutions shall be inapplicable and repealing a prior resolution; and providing an effective date.

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