Resolution 302ResoLDacDN No. 302
5 WHEREAS, the City of Lo g ood, Florida, has entered
6 contract to purchase a combination fire truck together with
cident al apparatus pertaining thereto, and,
B Wt3EREAB, such fire truck is necessary for the protec
of the health, safety and welfare o£ the crtr zees of Longwood,
o Floriaa; ana,
1 wBEREAS, the city is ~n neea of s z~,3ss.o0 vo
1 WHEREAS, ComBank/Casselberry has 9 eed to loan the City
14 the sum of 5 2t 355 00 which sum rs to be payable wcthrn
15 welve (12) months from date of the loan t gethec with interest
16 a the rate of _yy~ {681 pgx cgnt _, p annum to be paid
1~ ¢uaxterly; ana,
le wxcaexs, the city council of tno city of Lon9wooa,
19 Florida, deems rt to be necessary and appropriate to finance the
20 chase of sand fire truck and equipment by a Soan from ComBank/
21 Casselberry.
22 NOW, TIiCAEFORE, BE IT RCSOLVCp BY THE CSTY COUNCIL OF
23 T E CITY OF LONGWOOD, FLORIDA, AS FOLLOWS.
20 1. That the City of Longwood, Floriaa, shall borrow the
25 m of S » a 5 9.Q_ from ComBank/Casselberry to be repaid
26 within twelve l12) months from date of loan together with interest
27 the rate o x fb&1 a per annum, payable quarterly
28 2. That Councrlma and the City
29 Clerk are hereby authorized and directed to execute on behalf o£
30 the City a p omrsso y of p yob le to ComBank/Cassel6c rry in the
31 ount of $ together w rnteresc at the rate o£
32 six f6&1 o per a um payable quarterly, the maturity
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1
z
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4 date o£ said note [o be within twelve (12) months from the date of~
5 rd promissory note.
3. That Councelma ~ Ruvc and the C y
] Clerk are hereby authorized and directed to execute all necessary
6 documents as may be regvi red to secure the payment of sand loan.
9 4. This Resolution shall become effective immediately
10 upon it p g and a option.
11 PASSED AND ADOPTED this 9th day of September, A. D. 19]5.
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14 ~,2=~ "KCr- ~/G72~
,~C of the Ci y Council of
is the city of Longwooa, Florian
TesT:
16 A
1]
18 CLC Rx
19 ~~~~a
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of [he City of Longwood,
21 Floor ida
22 EST. ^
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CITY CLE Rft
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