Laserfiche WebLink
Public Speakers: none <br /> Commissioner Kauffman asked the City Manager how he had selected these firms.He said he <br /> had experience with some of them, and others were recommended. Commissioner Iglesias <br /> said he had worked with all three firms and they were excellent. <br /> Commissioner Turetsky moved and Vice Mayor Morrow seconded a motion to approve the <br /> resolution. Resolution No. 99-176 was adopted by a voice vote of 5-0 in favor. <br /> 9E. A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF SUNNY ISLES <br /> BEACH,FLORIDA, APPROVING THE TERMS OF A LINE OF CREDIT WITH EAGLE <br /> NATIONAL BANK IN THE AMOUNT OF ONE MILLION (51,000,000) DOLLARS, <br /> ATTACHED HERETO AS EXHIBIT"A,"TO FACILITATE THE CONSTRUCTION OF A <br /> STORM WATER DRAINAGE SYSTEM FOR THE CITY; PROVIDING FOR AN <br /> EFFECTIVE DATE. <br /> *[City Clerk's note: Revised item: City Clerk Brown-Morilla noted that in order to comply <br /> with the City Charter, this proposal must be an ordinance.] <br /> *AN ORDINANCE RESOLUTION OF THE CITY COMMISSION OF THE CITY OF <br /> SUNNY ISLES BEACH,FLORIDA,APPROVING THE TERMS OF A LINE OF CREDIT <br /> WITH EAGLE NATIONAL BANK IN THE AMOUNT OF ONE MILLION <br /> (S1,000,000)DOLLARS,ATTACHED HERETO AS EXHIBIT"A,"TO FACILITATE THE <br /> CONSTRUCTION OF A STORM WATER DRAINAGE SYSTEM FOR THE CITY; <br /> PROVIDING FOR AN EFFECTIVE DATE. <br /> ACTION: City Clerk Brown-Mori lla read the title of the proposed ordinance and City Manager <br /> Neustadt read his report. City Clerk Brown-Morilla questioned if the proposed"line of credit" <br /> was a borrowing, and if it was it must be an ordinance. The City Attorney and Manager <br /> agreed. The City Clerk said the proposal would be treated as an ordinance on first reading, <br /> rather than as a resolution. <br /> Public Speakers: none <br /> Vice Mayor Morrow moved and Commissioner Kauffman seconded a motion to approve the <br /> proposal as an ordinance on first reading. The motion was approved by a roll call vote of <br /> 5-0 in favor. Second reading, public hearing will be December 9, 1999, at 7:00 p.m. <br /> Vote: Commissioner Iglesias yes <br /> Commissioner Kauffman yes <br /> Commissioner Turetsky yes <br /> Vice Mayor Morrow yes <br /> Mayor Samson yes <br /> Summary Minutes of the November 18, 1999, Regular City Commission Meeting - Page 10 of 13 <br />