Authorize Mayor Agreement Valley Bank Refinancing Municipal Complex
Summary
The document is a resolution authorizing the mayor of Alexander City to enter into a loan agreement with Valley Bank for the refinancing of the Alexander City Municipal Complex. The loan amount to be refinanced is $7,760,000. The resolution grants the mayor the authority to sign all necessary documents related to the loan agreement. The resolution was adopted by the City Council on May 20, 2024, with unanimous support.
Ordinance/Resolution ID:
Res 24-43
Ordinance/Resolution Status:
Adopted
Adopted Date:
Monday, May 20, 2024
File Attachments:
Related Meetings
Details
The document is a resolution authorizing the mayor of Alexander City to enter into a loan agreement with Valley Bank for the refinancing of the Alexander City Municipal Complex. The loan amount to be refinanced is $7,760,000. The resolution grants the mayor the authority to sign all necessary documents related to the loan agreement. The resolution was adopted by the City Council on May 20, 2024, with unanimous support.
