AI- 74679
Urban County 13.E.
CC REGULAR AGENDA SPECIAL MTG
- Meeting Date:
- 03/10/2020
- Submitted For:
- Patricio Avila
- Submitted By:
- Sandra Regalado, URBAN COUNTY
- Department:
- URBAN COUNTY
Information
CAPTION
Resolution to designate Urban County Program Interim Director as the authorized signatory for the Revolving Line of Credit with Lone Star National Bank of McAllen and authorize 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 | 03/05/2020 12:54 PM |
| Final Approval | Monica Salinas | 03/06/2020 05:23 PM |
- Form Started By:
- sregalado
- Started On:
- 03/03/2020 03:40 PM
- Final Approval Date:
- 03/06/2020