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(11)AR 101607 Short Term Loan Agreement
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2007
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10/16/2007 6:00 pm
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STAFF REPORTS:
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FINANCE DIRECTOR'S REPORTS AND RECOMMENDATIONS:
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Approval of A Loan of $2 Million at the LAIF Rate (Currently 5.25%) from the City's Wastewater Fund to the Water Fund to be Repaid in Full within Eighteen Months, Unless Formally Extended by the City and Utility Authority; and Approve and Adopt a Resoluti
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(11)AR 101607 Short Term Loan Agreement
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Last modified
2/23/2014 5:09:55 AM
Creation date
2/19/2014 11:16:37 PM
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Agenda Item
Item Number
1
Submitted On
10/11/2007
Submitted By
Sabdi Espinoza
Item Title
AR 101607 Short Term Loan Agreement
ATRequest
1755
Status (2)
2
Department
City Clerk
Meeting Date
10/16/2007
Meeting Time
6:00:00 PM
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RECOMMENDATION <br />Staff recommends approval of a loan of $2 million at the LAIF rate (currently 5.25%) from the City's Wastewater Fund to <br />the Water Fund to be repaid in full within eighteen months, unless formally extended by the City and Utility Authority; and <br />Approve and Adopt a Resolution Adopting the Loan Agreement. <br />REVIEW TEAM ONLY <br />City Attorney: Q Finance Director: _ <br />City Manage OTHER: <br />
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