HomeMy WebLinkAboutR-1977-208 (3) RESOLUTION NO - 208 1
A RESOLUTION OF THE CITY OF DANIA AUTHORIZING
PERTINENT OFFICIALS OF THE CITY OF DANIA TO
ISSUE A PROMISSORY OBLIGATION TO THE ATLANTIC
NATIONAL BANK OF WEST HOLLYWOOD FOR A PERIOD
OF TIME NOT TO EXCEED 120 MONTHS IN THE PRIN-
CIPLE AMOUNT OF $153 ,610.00 AT AN ANNUAL IN-
TEREST RATE OF 5. 25%.
WHEREAS, the City of Dania has found it necessary to
,
purchase a fire truck in the approximate sum of $150,000. 00 in
order to pay the costs for the same the City of Dania finds it
necessary to execute a Promissory Note pledging first proceeds
of the occupational license fees annually to the payment of said
Note , NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COK''IISSION OF THE CITY OF
DANIA, FLORIDA:
Section 1 . The pertinent officials of the City of Dania
are authorized to execute a Promissory Note in the amount of
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$153 ,610.00 to be repaid within a period not to exceed 120 months
from date of adoption of this resolution, the interest rate shall
not exceed 5 .25%, the payment for which shall be pledged first pro-
ceeds annually of the occupational license fees collected by the
City of Dania.
The pertinent City Officials of the City of Dania :nay W
execute all necessary documents to effectuate this resolution.
Section 2 . That all resolutions or parts of resolutions ,
ordinances or parts of ordinances , in conflict herewith are hereby
repealed to the extent of such conflict .
Section 3 . This resolution shall take effect immediately
upon its passage and adoption.
PASSED and ADOPTED this 22 day of P*,arch 1977.
Mayor-Commissioner
ATTEST : I
APPROVED FOR FOR;'1 AND CORRECTIVENESS —J
City Clerk-Auditor City Attorncy
LLA
City of Dania, Fla,
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