AI- 70559
Urban County 17.C.
CC AGENDA SPECIAL MTG
- Meeting Date:
- 06/06/2019
- Submitted For:
- Olga Lerma
- Submitted By:
- Olga Lerma, URBAN COUNTY
- Department:
- URBAN COUNTY
Information
CAPTION
Resolution authorizing renewal of a Revolving Line of Credit with Lone Star National Bank of McAllen for the Urban County Program with authority for UCP to draw from such line of credit.
BACKGROUND
Urban County Program is requesting approval to enter into a $ 500,000 Line of Credit with Lone Star National Bank. The purpose of the Line of Credit is to provide funding for construction and general administration expenses prior to reimbursement from the Texas Department of Housing and Community Affairs, Texas Department of Agriculture and/or Texas General Land Office.
Fiscal Impact
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Budget and Management | Veronica Ortiz | 05/24/2019 09:59 AM |
| Final Approval | Monica Salinas | 05/31/2019 05:54 PM |
- Form Started By:
- olerma
- Started On:
- 05/22/2019 04:15 PM
- Final Approval Date:
- 05/31/2019