File #: 15-0301    Version: 1 Name: TML Loan
Type: Resolution Status: Consent Agenda
File created: 7/7/2015 In control: City Council
On agenda: 7/9/2015 Final action: 7/9/2015
Title: Resolution authorizing the issuance of capital outlay notes in an amount not to exceed $1,200,000
Sponsors: Finance Department
Attachments: 1. Crossville EA CON-Note Resolution (7-5-15), 2. Crossville $1.2M CON - Amortization Schedule (7-6-15)

Title

Resolution authorizing the issuance of capital outlay notes in an amount not to exceed $1,200,000

 

Body

SUMMARY:

As previously discussed, capital outlay notes are being secured for the financing of the police vehicles and air packs and equipment for the Fire Department.  The notes will be at an interest rate of 1.82% for 3 years.

BUDGET ACCOUNT:

 

Recommended Action

NECESSARY COUNCIL ACTION:  Approve resolution.