AI- 27490
11.D.
CC REGULAR
- Meeting Date:
- 07/19/2011
- Submitted For:
- Frank Martinez
- Submitted By:
- Estella Webber, URBAN COUNTY
- Department:
- URBAN COUNTY
CAPTION
The Urban County Program is requesting the County’s authorization for Ms. Diana Serna, UCP Director to draw from an existing $500,000 Line of Credit with First National Bank of Edinburg to pay for expenses for the Colonia Construction Grant.
BACKGROUND
The Line of Credit renewal was approved by Commissioners' Court on June 28, 2011. The purpose of the Line of Credit is to help finance the cost of construction and general administration expenses prior to reimbursement from the Texas Department of Housing and Community Affairs and/or Texas Department of Rural Affairs. (See Resolution attached)
Fiscal Impact
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Budget and Management | mmunoz | 07/12/2011 03:42 PM |
| Auditor's Office | 07/15/2011 04:40 PM |
- Form Started By:
- ewebber
- Started On:
- 07/12/2011 03:22 PM
- Final Approval Date:
- 07/15/2011