HomeMy WebLinkAboutR-1976-149 I
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RESOLUTION N0. 149
A RESOLUTION OF THE CITY COMMISSION OF
DANIA, AUTHORIZING THE ISSUANCE OF PROMI-
SSORY OBLIGATIONS TO THE FLORIDA EAST COAST
RAILROAD COMPANY NOT EXCEEDING TWENTY THOU-
SAND DOLLARS IN FIVE EQUAL ANNUAL PAYMENTS
WITH EIGHT PERCENT INTEREST FOR THE CON- '
STRUCTION OF RAILROAD CROSSING GATES , LIGHTS
AND BELLS IN ACCORDANCE WITH THE CONTRACT BE-
TWEEN THE PARTIES .
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF
DANIA, FLORIDA:
Section 1. That the pertinent City Officials of the
City of Dania are authorized to execute Promissory Notes in accord-
ance with the contract between the parties approved by the City
Commission this date, which notes shall be in five equal annual
payments with eight percent interest applying to the unpaid balance,
the first payment being due one year after execution of the notes,
the total amount of which notes shall not exceed the sum of Twentyk1
Thousand Dollars ($20,000. 00) .
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repealed to the extent of such conflict .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 16th day of 1976 .
L I ( (.
ayor-Commissioner
Attest :
ity C 1 e—r k-77uditor
1kPP[WV D _ 11I 'ENESS
Dy
L'ciy Attum.,V i
City of Dania, Fla.
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