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AI- 10316
8.A.
CC REGULAR
Meeting Date:
07/28/2008
Submitted By:
Angela Garcia, BUDGET & MANAGEMENT
Department:
BUDGET & MANAGEMENT

Information

CAPTION

Resolution authorizing renewal of a Revolving Line of Credit with First National Bank of Edinburg for the Urban County Program.

BACKGROUND

Urban County Program is requesting approval to renew an existing $ 500,000 Line of Credit with First National Bank of Edinburg. The Purpose of the Line of Credit is to help finance the costs of construction and general administration expenses prior to reimbursement from the Texas Department of Housing and Community Affairs and/or the Office of Rural Community Affairs.

Fiscal Impact

Attachments

Form Review

Inbox Reviewed By Date
Budget and Management Veronica Lopez 07/25/2008 08:26 AM
Auditor's Office 07/25/2008 09:33 AM
Form Started By:
Alejandro Garcia
Started On:
07/25/2008 08:16 AM
Final Approval Date:
07/25/2008