Temp. Reso. #R7527 accepting proposals of Key Government Finance, Inc. to provide the City with two term loans in order to finance costs of various Capital Improvements within the City and to refinance certain outstanding indebtedness for debt service savings; approving the form of a loan agreement with Key Government Finance, Inc.; authorizing the issuance of promissory notes pursuant to such loan agreement in the aggregate principal amount not-to-exceed $14,000,000 in order to evidence such loans; authorizing the repayment of such notes from a covenant to Budget and appropriate legally available Non-Ad Valorem Revenues of the City; delegating certain authority to the City Manager and other City staff for the authorization, execution and delivery of the notes and various other documents with respect thereto. (Treasurer Ian Evans-Smith)

Committee

CITY COMMISSION REGULAR MEETING

Requested by

Finance

Introduced

October 5, 2021

On agenda

November 3, 2021

Passed

December 31, 2023