HomeMy WebLinkAboutCC-03-12-80 No./So. Interceptor RESOLUTION 3-12-1-80
THE COMMON COUNCIL OF THE CITY OF CARMEL, HAMILTON COUNTY, STATE OF INDIANA,
BY THIS RESOLUTION DOES HEREBY GRANT AUTHORITY TO DOROTHY J. HANCOCK, CLERK-
TREASURER OF CARMEL, TO BORROW A SUM NOT TO EXCEED ($200,000.00) TWO HUNDRED
THOUSAND DOLLARS AT A RATE NOT TO EXCEED (9%) NINE PERCENT FOR A PERIOD
OF SIX MONTHS TO BE DEPOSITED IN THE ACCOUNT FOR THE NORTH-SOUTH INTERCEPTOR
FUND AND TO PAY SUCH AMOUNTS AS MAY BE NECESSARY FOR THE FUNDING OF SAID
PROJECT. SAID SUMS ARE TO BE REPAID UPON RECEIPT OF FUNDS FROM A BOND ISSUE
PROPOSED IN 1981.
ATTEST:
uer