R-0904-93 RESOLUTION NO. 904-93
RESOLUTION OF MIAMI SHORES VILLAGE COUNCIL
AUTHORIZING THE VILLAGE MANAGER TO EXECUTE
LOAN DOCUMENTS WITH BARNETT BANK.
WHEREAS, In accordance with the determinations made during the
budget hearings for fiscal year 1992-93, in connection with the
necessity to borrow funds for the purchase of police cars,
BE IT RESOLVED BY MIAMI SHORES VILLAGE COUNCIL THAT:
The Village Manager be and she hereby is authorized to execute
loan documents required in order to borrow the sum of $33,900.00
from Barnett Bank of South Florida, at a variable interest rate of
prime plus .50 for a period of six months.
PASSED and ADOPTED this 16th day of March
1993.
STEVEN J. HN
Mayor
ATTEST:
Village Clerk:
7 R
SCOTT W. DAVIS
APPROVED AS TO FORM:
`j�Izl
William F. Fafin, Jr.
Village Attorney