HomeMy WebLinkAboutR-1997-013 RESOLUTION NO.13-97
A RESOLUTION OF THE CITY OF DANIA, FLORIDA,
APPROVING THE LOAN REQUEST TO THE FAMILY
BANK FOR A LOAN OF $337,275.00 FOR THE
PURCHASE OF A FIRE TRUCK; AND PROVIDING FOR
AN EFFECTIVE DATE.
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF
DANIA, FLORIDA:
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Section 1. That the terms and conditions of a loan to the City by
Family Bank in the principal sum of $337,275.00 for the purchase of a fire
truck, as set forth in a letter from Family Bank dated February 18, 1997, a
copy of which is attached hereto and made a part hereof as Exhibit "A" be
and the same is hereby approved and the proper city officials are hereby
authorized and directed to execute all required loan documents.
Section 2: That this resolution shall be in force and take effect
immediately upon its passage and adoption.
PASSED AND ADOPTED on the 25 day of February, 1997.
R OMMISSIONER
ATTEST:
CITY CLERK -AUDITOR
APPROVED AS TO FORM AND CORRECTNESS:
CITY ATTORNEY
RESOLUTION NO. 13-97
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Family Bank el t3anklnit.
A Return to LOM4 Tradition
February 18, 1997
Marie Jabalee
Finance Director
City of Dania
100 W.Dania Beach Blvd.
Dania,Florida 33004
R13: Fire truck loan request
Dear Ms. Jabalee
This.letter is to advise you that Family Bank has approved your loan request,as follows:
Loan Amount: $337,275.00
Tenn: 120 months
Payment: Principal and lnterest.payable quarterly
Rate: 5.75%fixed
Collateral: Assignment of City of Dania Fire Rescue
Assessment Fees.
Thank you for allowing Family Bank(Dania Branch),and me,to assist the City with their
financial needs!
oseph C.Dorsey
Vice President
1CD/jd
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9991 Revenewood Road•Fort Lauderdale•Florida 33312•(305)969-8989
FEB-19-1997 12:53 P.01
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