File #: 20-407    Version: 1 Name:
Type: Resolution / Regular Agenda Status: Passed
File created: 5/20/2020 In control: City Commission
On agenda: 5/26/2020 Final action: 5/26/2020
Title: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, APPROVING THE FORM OF A PRELIMINARY AGREEMENT FOR ISSUANCE OF REVENUE BONDS BY AND BETWEEN THE CITY AND JOHN KNOX VILLAGE OF FLORIDA, INC. AND AUTHORIZING EXECUTION THEREOF; PROVIDING FOR CERTAIN OTHER MATTERS WITH RESPECT THERETO; PROVIDING FOR CONFLICTS; PROVIDING AN EFFECTIVE DATE. (Fiscal Impact: N/A)
Attachments: 1. Memo to the Commission.pdf, 2. John Knox Request Letter.pdf, 3. Resolution 2020-213a.pdf, 4. Pompano Beach_John Knox Village Project_Preliminary Agreement_2020.pdf

title

A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, APPROVING THE FORM OF A PRELIMINARY AGREEMENT FOR ISSUANCE OF REVENUE BONDS BY AND BETWEEN THE CITY AND JOHN KNOX VILLAGE OF FLORIDA, INC. AND AUTHORIZING EXECUTION THEREOF; PROVIDING FOR CERTAIN OTHER MATTERS WITH RESPECT THERETO; PROVIDING FOR CONFLICTS; PROVIDING AN EFFECTIVE DATE.

(Fiscal Impact: N/A)

 

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(Staff Contact: Andrew Jean-Pierre)

 

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Summary Explanation/Background:

See attached memorandum from the Finance Department.

 

Origin of request for this action: Finance Department

Fiscal impact and source of funding: All associated costs for this transaction will be the sole responsibility of John Knox Village of Florida, Inc. City will yield approximately $93,500 for administrative and conduit closing fees.

 

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