A RESOLUTION OF THE VILLAGE OF PINECREST, FLORIDA, AUTHORIZING THE ISSUANCE OF ITS $2,617,100 CAPITAL IMPROVEMENT REVENUE NOTE, SERIES 2019, FOR THE PURPOSE OF FINANCING THE CONSTRUCTION AND ACQUISITION OF CERTAIN CAPITAL PROJECTS, AS MORE FULLY DESCRIBED HEREIN; AUTHORIZING THE NEGOTIATED SALE OF SUCH NOTE TO SYNOVUS BANK D/B/A FLORIDA COMMUNITY BANK, PURSUANT TO THE TERMS AND CONDITIONS OF A LOAN AGREEMENT BY AND AMONG THE FLORIDA MUNICIPAL LOAN COUNCIL, THE VILLAGE OF PINECREST, FLORIDA, AND SYNOVUS BANK D/B/A FLORIDA COMMUNITY BANK; APPROVING THE FORM OF AND AUTHORIZING THE EXECUTION AND DELIVERY OF THE LOAN AGREEMENT; DESIGNATING THE NOTE AS A "QUALIFIED TAX-EXEMPT OBLIGATION;" MAKING CERTAIN OTHER COVENANTS AND AGREEMENTS IN CONNECTION WITH THE ISSUANCE OF SUCH NOTE; AND PROVIDING AN EFFECTIVE DATE.

Committee

Village Council

Introduced

February 8, 2019

On agenda

February 12, 2019