Laserfiche WebLink
RESOLUTION NO. R2016- 77 <br /> RESOLUTION AUTHORIZING THE CITY MANAGER <br /> TO ENTER INTO A DEBT INSTRUMENT TO FINANCE REPAIR AND <br /> MAINTENANCE OF FIRE STATION FACILITIES <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DECATUR, <br /> ILLINOIS: <br /> Section 1. That the City Manager be, and he is hereby, authorized to enter into a not to a <br /> not to exceed debt principal of $2,200,000 to finance repairs and maintenance of fire station <br /> facilities., <br /> Section 2. That the debt instrument will be for a principal repayment term of not to <br /> exceed seven (7) years, <br /> Section 3. The interest financing rate will not exceed 4.5%, <br /> Section 4. The loan will be set with terms and conditions acceptable to the City Manager <br /> and the City Treasurer as necessary to secure the debt instrument. <br /> PRESENTED and ADOPTED this 20th day of June, 2016. <br /> c ` ' <br /> /, / <br /> %��/ <br /> ' Moore Wolfe, Mayor <br /> ATTEST: <br /> � <br /> � � . <br /> ; <br /> City Clerk <br /> c <br />