HomeMy WebLinkAboutR-1983-013 I
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RESOLUTION NO. 13
RESOLUTION OF THE CITY OF DANIA, FLORIDA,
AUTHORIZING THE CITY MANAGER TO COMPLETE
THE ARRANGEMENTS WITH THE DANIA BANK FOR
A LOAN IN AN AMOUNT UP TO TWO HUNDRED
FIFTY THOUSAND DOLLARS ($250, 000. 00) AT
THE INTEREST RATE OF SIX AND THREE-QUARTERS
PERCENT (6-3/4%) AND PAYABLE OVER A TERM
OF FIVE (5) YEARS TO FINANCE THE CITY' S
1983 CAPITAL IMPROVEMENT PROGRAM; AND
AUTHORIZING THE APPROPRIATE CITY OFFICIALS
TO EXECUTE ALL DOCUMENTS NECESSARY TO
CLOSE SAID LOAN TRANSACTION ; AND PROVIDING
THAT ALL RESOLUTIONS OR PARTS OF RESOLUTIONS ?
IN CONFLICT HEREWITH BE REPEALED TO THE
EXTENT OF SUCH CONFLICT; AND PROVIDING FOR
AN EFFECTIVE DATE.
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF
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DANIA, FLORIDA:
Section 1. The City Manager is hereby authorized to
complete arrangements for the closing of a loan from The Dania
Bank, Dania , Florida , in an amount up to Two Hundred Fifty
Thousand Dollars ($250 , 000. 00) with interest at six and three-
quarters percent (6-3/4%) per annum, with the principal and
interest thereof payable in ten ( 10) equal semi-annual install-
ments , with the proceeds of said loan to be used for the City ' s
1983 Capital Improvement Program.
Section 2. That the appropriate City Officials are here-
by authorized and directed to execute on behalf of the City of
Dania, Florida , all necessary loan documents and to accomplish
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all other acts necessary to close this transaction.
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Section 3. That all resolutions or parts of resolutions
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j in conflict herewith be and the same are hereby repealed to the
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extent of such conflict .
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Section 4. That this resolution shall be in force and
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take effect immediately upon its passage and adoption.
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PASSED and ADOPTED on this 22nd day of February 1983
MAYOR-COMMISSIONER
ATTEST :
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CITY CLERK-AUDITOR
APPROVED FOR FORM AND CORRECTNESS :
By:
�C �� f
i FRANK C. ADLER, City Attorney I
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PURCHASE ORDER
'el:, ,hone: 921-8700 CITY OF CANiA 9
100 West Beam Boulevar_!
Dania, Florida 33004
DrTE: 2/24/83
): DIGITAL SYSTEMS OF FLORIDA SiiiP TO: ADMINISTRATION
114 EAST GREGORY STREET
`—_- PENSACOLA, FL 32501
ACCOUNT Ni. _
UMJITY ITEN NO, T --- DESCRIPTION —AP?OUtJT
1 POP 11/44 PROCESSOR WITH ACCESSORIES $93,464.12
DOWN PAYMENT - $21,467.03
BALANCE DUE UPON INSTALLATION - $71,997,09
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Sales Tax Certificate Number 04-00046-01-16
f;[ri DELIVER, ON OUR ACCOUNT WITHOUT A PURCHASE ORDER ?urchasinli Agent