ORDINANCE NO. 2012-026

 

 

 

 

CITY OF DANIA BEACH

 

Agenda Request Item

 

 

Type of Request: Adopt Ordinance 2nd Reading

(Adopt Resolution, Adopt Ordinance (1st Reading) Adopt Ordinance (2nd Reading)

Award Bid /RFP, Presentation, Public Hearing)

 

Continued from:      

 

Requested Action        (Identify appropriate Action or Motion)

Adopt Ordinance on Second Reading

 

Description of Action

Favorable interest rates offer the City an opportunity to realize a savings of over $300,000 to taxpayers by refinancing the existing Sales Tax Revenue Bonds.  In compliance with City Charter, approval to expend/exchange more than $1 million on this loan refinancing calls for an Ordinance and super-majority approval of the City Commission

 

Purchasing Requests ONLY

Dept:      

Acct #:      

Amt:      

Fund:         (Select from: General, Water, Sewer, Stormwater, Grants, Capital)

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Impact/Cost Summary

     

 

Exhibits Attached

 

Memos

Ordinance