Agenda Item # 13.a.
City Commission Regular Meeting
- Meeting Date:
- 04/20/2020
- Re
- Resolution _____ Refunding Loan Agreement
- Submitted For:
- Johnna Morris
SUBJECT:
Resolution 20-R21 accepting the proposal of J.P. Morgan Chase Bank to purchase the Capital Improvement Refunding Notes authorizing the execution and delivery of a loan agreement.
SUMMARY:
Resolution 20-R21 authorizing the refunding of Revenue Notes in order to save the City Revenue.
RECOMMENDATION:
Approve Resolution 20-R21.
ALTERNATIVES:
Do No Approve the Resolution
RESPONSIBLE STAFF:
Johnna Morris, Finance Director
COORDINATED WITH:
City Manager, City Attorney, City Clerk
Fiscal Impact
- Budgeted Y/N:
- N
OTHER INFORMATION:
Savings as outlined in the memo.
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Finance Department | Johnna Morris | 04/14/2020 11:23 AM |
| City Manager | Nick Mimms | 04/14/2020 11:49 AM |
| Finance Department | Johnna Morris | 04/14/2020 04:12 PM |
| City Manager | Nick Mimms | 04/14/2020 04:35 PM |
- Form Started By:
- qthompkins
- Started On:
- 04/14/2020 10:36 AM
- Final Approval Date:
- 04/14/2020