Laserfiche WebLink
Section 2. Approval. The Applicant's request for the approval of the terms and conditions of <br />the Applicant's Promissory Note for the payment of TDRs for an indebtedness of $5,269,907.00, <br />together with annual interest from the execution date of the Promissory Notes, at a rate of Prime <br />plus one-half percent (0.5) per annum, with the Applicant making quarterly interest payments to <br />the City until the Promissory Notes are paid in full, for the for the Phase I (South Tower) portion <br />of the approved site plan application (PZ2015-16), is hereby approved. <br />Section 3. Authorization of City Manager. The City Manager is hereby authorized to do all <br />things necessary to effectuate this Resolution. <br />Section 4. Severability. If any section, subsection, sentence, clause, phrase, or portion of this <br />Resolution is, for any reason, held invalid or unconstitutional by any Court of competent <br />jurisdiction, such portion shall be deemed a separate, distinct and independent provisions and <br />such holding shall not affect the validity of the remaining potions of this Resolution. <br />Section 5. Repealer. All Resolutions or parts of Resolutions in conflict herewith shall be and <br />are hereby repealed. <br />Section 6. Effective Date. This Resolution shall become effective upon adoption. <br />PASSED AND ADOPTED this 11. <br />ATTEST: <br />A <br />Mauricto Betancur,ICMC, City Clerk <br />Larfsa Svechin, Mayor <br />APPROVED AS TO FORM <br />AND LEGAL SUFFICIENCY: <br />74�Ax, A - <br />Alain E. Boileau for Nabors, Giblin <br />& Nickerson, P.A., City Attorney <br />Moved by:0&W"1._%1& 'J&"�5�Seconclecl by:V16;iA"g_ V, <br />Voter / <br />Mayor Svechin " Yes) (No) <br />Vice Mayor Viscarra Yes) (No) <br />Commissioner Joseph Yes) (No) <br />Commissioner Lama es) (No) <br />Commissioner Stuyvesant (Yes) (No) <br />@BCL@8014EF2B Page 2 of 2 94 <br />