R-0976-98 RESOLUTION NO. 976-98
A RESOLUTION OF THE MIAMI SHORES VILLAGE COUNCIL
AUTHORIZING THE INTERIM VILLAGE MANAGER TO EXECUTE A
LOAN AGREEMENT AND RELATED DOCUMENTS WITH SUNTRUST
BANK.
WHEREAS,in accordance with the determination made by the Village Administration in
connection with the financing for the 80OMHZ Radio System for the police department,
BE IT RESOLVED BY THE MIAMI SHORES VILLAGE COUNCIL THAT:
The Interim Village Manager is hereby authorized to execute on behalf of the Village a loan
agreement and related documents required in order for the Village to obtain from SunTrust Bank
a loan in the amount of$156,490 at a fixed interest rate of 4.56%for a seven(7)year period,for
the purchase of the police radio system.
PASSED AND ADOPTED THIS 1st DAY OF September , 1998.
M Ross Agosta, Ma r
ATTEST:
&&, C'/
Barbara A. Fugazzi,Vil ag Cler
APPROVED AS TO FORM:
chard Sarafan, Village orney