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CITY of RAPID CITY Agenda Item Summary |
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Meeting Date: 09/10/2014 |
Commission, Board or Committee: Legal & Finance Committee |
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Staff Contact: Pauline Sumption |
PW Committee or L&F Committee: |
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Petitioner: N/A |
City Council 1st Reading: 09/15/2014 |
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Location: |
City Council 2nd Reading: |
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Agenda Title: |
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Approve RESOLUTION NO. 2014-079 - RESOLUTION GIVING APPROVAL TO CERTAIN DRINKING WATER FACILITIES IMPROVEMENTS; GIVING APPROVAL TO THE ISSUANCE AND SALE OF A REVENUE BOND TO FINANCE, DIRECTLY OR INDIRECTLY, THE IMPROVEMENTS TO THE FACILITIES; APPROVING THE FORM OF THE LOAN AGREEMENT AND THE REVENUE BOND AND PLEDGING CERTAIN REVENUES AND COLLATERAL TO SECURE THE PAYMENT OF THE REVENUE BOND AND CREATING SPECIAL FUNDS AND ACCOUNTS FOR THE ADMINISTRATION OF FUNDS FOR OPERATION OF THE SYSTEM AND RETIREMENT OF THE REVENUE BOND. |
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Summary: |
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This is the SRF Loan Resolution for the East Rapid City Water Line Extension |
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Funding Source & Fiscal Impact (if applicable): |
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Repayment of loan will be from the Water Enterprise Fund |
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Recommendation: |
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Action: Approve Notes: |
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Options: |
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Attachments & Links: |
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