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Reso 2010-1538-1
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Reso 2010-1538-1
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Last modified
6/3/2015 11:22:14 AM
Creation date
11/5/2010 1:53:50 PM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2010-1538
Date (mm/dd/yyyy)
03/18/2010
Description
Issue $15 Million Cap. Improv. Rev Bonds/Loan Agmt w/SunTrust Bank.
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<br />.' <br /> <br />. <br /> <br />purchaser of the bonds. The supplemental resolution may be adopted, and the Bonds may be issued, <br />at any time after the effective date of this Ordinance. <br /> <br />. <br /> <br />Section 3. Authorizations. The Mayor, the City Manager and the Assistant City Manager-- <br />Finance are hereby authorized to negotiate with banks or other financial institutions for the purchase <br />of the Bonds and with respect to the terms of the Bonds. The City Attorney and special counsel to <br />the City are hereby authorized to draft and review documents and to do all other things necessary to <br />accomplish the issuance and sale of the Bonds. <br /> <br />. <br /> <br />Section 4. Severability. The provisions of this Ordinance are declared to be severable and <br />if any section, sentence, clause or phrase of this Ordinance shall for any reason be held to be invalid <br />or unconstitutional, such decision shall not affect the validity of the remaining sections, sentences, <br />clause, and phrases of this Ordinance but they shall remain in effect, it being the legislative intent that <br />this Ordinance shall stand notwithstanding the invalidity of any part. <br /> <br />Section 5. Repealer. All ordinances or part of ordinances in conflict herewith be and the <br />same are hereby repealed. <br /> <br />. <br /> <br />Section 6. Effective Date. This Ordinance will become effective immediately upon its <br />enactment after second reading. <br /> <br />. <br /> <br />PASSED AND ADOPTED on first reading this ~day of J\'\~<:..-t\ ,2010. <br /> <br /> <br />PASSED AND ADOPTED on second reading this ~ day of JY\~d-\ ,2010. <br /> <br />. , <br />. . I I <br /> <br /> <br />I. <br /> <br />. <br /> <br />(~A.L <br /> <br />Jane A. HIlles, CMC, City Clerk <br /> <br />. <br />I <br />1 <br /> <br />. <br />I <br />I <br />I <br />I <br />. <br />I <br /> <br /> <br />FORM <br />ICIENCY <br /> <br />2 <br />
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