85-15 v RESOLUTION NO. 85-15
WHEREAS, the City of Atlantic Beach proposes improvements to its
wastewater treatment system, and
WHEREAS, under the provisions of state law the City has applied for
participation in the State Bond Loan Program, and
WHEREAS, state bonds in the amount of $1,500,000 have been sold and
deposited for the use of Atlantic Beach for the stated improvements, and
WHEREAS, it is necessary for the City to enter into a loan
agreement for the use of said funds,
NOW, THEREFORE, BE IT RESOLVED by the City Commission of the City
of Atlantic Beach, Florida:
Section 1 . That the Mayor and City Clerk be and they hereby are
authorized to execute a loan agreement with the Division of Bond
Finance, State of Florida, the proceeds of which will be used to
partially fund pollution control and abatement facilities for the City
of Atlantic Beach, Florida.
Section 2. A certified copy of this resolution shall be
furnished to the State of Florida Division of Bond Finance.
Introduced and passed in regular session assembled this 24th day of
June 1985.
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Willia- .'• ell, Mayor, -residing Officer
Approved as to Form
and Correctness:
laude Mul is, City ,t-Cbrney
(SEAL)
ATTEST:
Adelaide R. Tucker, City Clerk