783RESOLUTION NO.- 7,?3
A RESOLUTION ACCEPTING THE COMMITMENT
OF SOUTHEAST BANK OF NEW SMYRNA BEACH,
FLORIDA, TO PROVIDE INTERIM CONSTRUCTION
PINANCING FOR THE PROPOSED ADDITION AND
EXPANSION TO THE WATER TREATMENT
FACILITY FOR THE CITY OF EDGEWATER,
FLORIDA; REPEALING ALL RESOLUTIONS IN
CONFLICT HEREWITH AND PROVIDING AN
EFFECTIVE DATE.
WHEREAS, the City Council of the City of Edgewater, Florida,
is desirous of obtaining interim financing in order to expand and improve
the water treatment facilities for the city, and
WHEREAS, Southeast Bank of New Smyrna Beach has submitted
the lowest and most favorable bid to the City of Edgewater, Florida, to
provide said interim financing.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF EDGEWATER, FLORIDA:
Section 1: The City Council of the City of Edgewater hereby
accepts the bid proposal of Southeast Bank of New Smyrna Beach to provide
interim financing to construct the proposed expansion and improvement of
the water treatment facilities in the City of Edgewater.
Section 2: That the Mayor and City Clerk are hereby authorized
to execute all documents necessary to obtain said interim financing from the
Southeast Bank of New Smyrna Beach.
Section 3: That all Resolutions or parts of Resolutions in conflict
herewith be and the same are hereby rescinded.
Section 4: That this Resolution shall take effect immediately upon
its adoption by the City Council and approval as provided by law.
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The foregoing Resolution was presented by Councilman
who moved its adoption, said motion being seconded by Councilman.
Upon roll call vote the Resolution was duly declared adopted at a regular meeting
of the City Council held on the i day of -M�,JA978; the vote of said
Council upon roll call vote being as follows:
ATTEST: /
mayor �l
city Clerk
Approved this _%_day of
This Resolution prepared by:
JUDSON I. WOODS, JR. ,
City Attorney