HomeMy WebLinkAboutR-00-17
RESOLUTION NO. R-00-17
A RESOLUTION OF THE CITY OF SEBASTIAN,
INDIAN RIVER COUNTY, FLORIDA,
AUTHORIZING THE CITY MANAGER TO MAKE
APPLICATION TO THE FLORIDA MUNICIPAL
LOAN COUNCIL EQUIPMENT FINANCING
PROGRAM IN THE AMOUNT OF $750,000.
WHEREAS, the Florida League of Cities has introduced an equipment financing
program whereby the rates and options associated with the program are favorable to the
City; and
WHEREAS, City staff has determined a need to replace aging equipment more rapidly
due to the deterioration and high maintenance costs of the equipment;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF SEBASTIAN, INDIAN RIVER COUNTY, FLORIDA, that:
Section 1. AUTHORIZATION TO APPLY. The City Manager is
authorized to apply to the Florida Municipal Loan Council Equipment Financing
Program in the amount of $750,000 for the replacement of aging and deteriorated
equipment.
Section 2.
CONFLICT. All resolutions or parts of resolutions in conflict
herewith are hereby repealed.
Section 3.
approval.
EFFECTIVE DATE. This resolution shall take effect on
The foregoing Resolution was moved for
motion was seconded by Councilme
vote, the vote was as follows:
..~ . The
Mayor Walter Barnes
Vice-Mayor Ben A. Bishop
Councilmember Joe Barczyk
Councilmember James Hill
Councilmember Edward J. Majcher, Jr.
The Mayor thereupon declared this Resolution duly passed and Adopted this 12th day of
April, 2000.
CITY OF SEBASTIAN, FLORIDA
By: t)J a-llii) bOJ\~
Walter Barnes, Mayor
ATTEST:
~MOr/~,
Ka . O'Halloran, CMC/AAE
City Clerk
Approved as to form and legality for the
reliance by the City of Sebastian only:
~,-l ';\\ \ y-
Rich Stringer, City Attorney