CITY of RAPID CITY

Agenda Item Summary

 

Meeting Date: March 12, 2014

Commission, Board or Committee: NA

Staff Contact: Pauline Sumption

L&F Committee: 3/12/2014

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City Council Hearing: 3/17/2014

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City Council 2nd Reading: Click here to enter date.

Agenda Title:

Authorize Mayor & Finance Officer to sign 5-year Promissory Note with Pioneer Bank & Trust for $1,680,170 at 3.0% interest to Finance the Tyler Technologies Software and BerryDunn Consultant Contracts and Associated Documents

Summary:

Council approved the contracts with Tyler Technologies and BerryDunn for the new financial software package and consulting contract.  At the time, I included a memo that it would be financed through Pioneer Bank.

Funding Source & Fiscal Impact (if applicable):

Various Department budgets

Recommendation:

Action: Approve

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Options:

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Attachments & Links:

Promissory Note

 

 

 

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