HomeMy WebLinkAboutR-1977-204 RESOLUTION NO . 204
A RESOLUTION OF THE CITY OF DANIA ATUTHORIZING 1
PERTINENT OFFICIALS OF 'THE CITY OF DANIA TO
ISSUE A PROMISSORY OBLIGATION 'TO THE ATLANTIC
NATIONAL BANK FOR A PERIOD OF 'TIME NOT 'TO EX-
CEED 120 MONTHS IN THE PRINCIPLE AMOUNT OF
$153 ,610. 00 AT AN ANNUAL INTEREST RATE OF 5.25%
AND PROVIDING FOR A SECURITY INTEREST TO BE
GIVEN LIMITED TO A PURCHASE MONEY LIEN ON A
FIRE 'TRUCK.
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 purchase money lien in accordance with
Ordinance No . 90 of the City of Dania, NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COM1,1ISSION OF THE CITY OF
DANIA, FLORIDA:
Section 1 . The pertinent officials of the City of
Dania are authorized to execute a promissory note and security
k agreement in the amount of $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%, with the
security interest to be given for said obligation to be a purchase
money lien on fire truck motor vehicle #
The pertinent City Officials of the City of Dania may
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repealed to the extent of such conflict .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 7 day of March 1977.
/ r
MMayor-Commissioner
ATTEST :
City Clerk-Auditor
City of Oaroa, f 1,1, �.
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