6650 0
RESOLUTION NO.&�S
A RESOLUTION AUTHORIZING THE MAYOR
AND CITY CLERK OF THE CITY OF EDGE -
WATER TO EXECUTE A REVENUE BOND
ANTICIPATION NOTE TO THE SOUTHEAST ,
BANK OF NEW SMYRNA, NEW SMYRNA
BEACH, FLORIDA FOR THE FINANCING
OF THE SEWER TREATMENT PLAN EX-
PANSION IN THE CITY OF EDGEWATER,
FLORIDA, REPEALING ALL RESOLUTIONS
IN CONFLICT HEREWITH, AND PROVIDING
AN EFFECTIVE DATE THEREFOR.
W H E R E A S, the City of Edgewater has previously
accepted bid proposal of the Southeast Bank of New Smyrna to
provide interim construction financing for the expansion of the sewer
and water facilities of the City of Edgewater, Florida, and,
W H E R E A S, it is necessary for the City to execute a
Revenue Bond Anticipation Note to the Southeast Bank of New Smyrna,
New Smyrna Beach, Florida for interim financing,
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF EDGEWATER, FLORIDA:
SECTION 1. The Mayor and the City Clerk of the City of Edgewater,
Florida is hereby authorized to execute the Revenue Bond Anticipation Note
in the amount of $550, 000.00 with the Southeast Bank of New Smyrna, New
Smyrna Beach, Florida.
SECTION 2. That all Resolutions or parts of Resolutions in
conflict herewith be and the same are hereby rescinded.
SECTION 3. That this Resolution shall take effect immediately
upon its adoption by the City Council and approval as provided by law.
665
The foregoing Resolution was presented by Councilman 0A, RNi e
, who moved its adoption, said motion being seconded
by CouncilxAWsnEmRNtoe, d b e �¢, •
Upon roll call vote the said Resolution was duly declared adopted
at a —Re. q 4 /no meeting of the City Council held on the a 6ZL
day of U 4 1976; the vote of said Council upon roll call
Approved this a [n btday of
A. D. , 1976.
This Resolution was prepared by:
JUDSON I. WOODS, JR. , City Attorney
MAyor ` Y
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