RES. NO. 2026-R-49
A Resolution of the City of North Port, Florida Accepting a Proposal of TD Public Finance, LLC to Provide the City With a Term Loan in Order to Finance the Acquisition, Construction and Equipping of Various Capital Improvements Within the City; Approving the Form of a Loan Agreement; Authorizing the Issuance of a Promissory Note Pursuant to Such Loan Agreement in the Aggregate Principal Amount of Not Exceeding $34,125,000 in Order to Evidence Such Loan; Authorizing the Repayment of Such Note From a Covenant to Budget and Appropriate Legally Available Non-Ad Valorem Revenues; Delegating Certain Authority to the City Manager and Other Officers of the City for the Authorization, Execution and Delivery of the Loan Agreement, Promissory Note and Various Other Documents With Respect Thereto; and Providing for an Effective Date.
- Committee
- City Commission Regular Meeting
- Introduced
- June 18, 2026
- On agenda
- July 7, 2026
- Passed
- July 7, 2026