RESOLUTION R-07-2010

 

A RESOLUTION OF THE CITY OF FORT THOMAS, CAMPBELL COUNTY, KENTUCKY, AUTHORIZING THE MAYOR TO ENTER INTO A FINANCING AGREEMENT WITH THE KENTUCKY LEAGUE OF CITIES (KLC) OR OTHER COMPARABLE FINANCING INSTITUTION TO: FINANCE CONSTRUCTION OF HIGHLAND HILLS PARK SHELTERS AND RESTROOMS AND THE PURCHASE OF A STREET SWEEPER; EXECUTE ANY DOCUMENTS WHICH ARE DEEMED NECESSARY TO FACILITATE THE FINANCING AGREEMENT; AND ACT AS THE AUTHORIZED CORRESPONDENT FOR THE PROJECTS.

 

            WHEREAS, the City of Fort Thomas has decided to finance the cost of the following improvements or acquisitions: construction of Highland Hills Park shelters and restrooms and the purchase of a street sweeper; and

 

            WHEREAS, it is recognized that the Financing Agreement imposes certain financial obligations and responsibilities on the City.

 

            NOW, THEREFORE, BE IT RESOLVED this 6th day of December, 2010, by the City of Fort Thomas Board of Council, Campbell County, Kentucky, as follows:

 

            That the Mayor is authorized to execute a financing agreement or agreements to finance construction of Highland Hills Park shelters and restrooms and the purchase of a street sweeper; to execute any documents necessary to facilitate the financing arrangement; and, to act as the authorized correspondent for the project or projects.

 

            That this Resolution shall be signed by the mayor, attested to by the City Clerk, recorded and shall become effective upon its adoption by the Board of Council.

 

 

                                                                        Signed:

 

 

 

                                                                        _______________________________________

                                                                        Mary H. Brown, Mayor

 

ATTEST:

 

 

 

_________________________________

Melissa Kelly, City Clerk

 

Adopted: December 6, 2010