12.C) A RESOLUTION OF THE MIAMI SHORES VILLAGE COUNCIL AUTHORIZING THE BORROWING OF NOT EXCEEDING $1,135,000 FROM THE POOLED COMMERCIAL PAPER LOAN PROGRAM OF THE FLORIDA LOCAL GOVERNMENT FINANCE COMMISSION PURSUANT TO THE TERMS OF THE LOAN AGREEMENT AMONG THE VILLAGE, JPMORGAN CHASE BANK, N.A., AND THE COMMISSION IN ORDER TO FINANCE VARIOUS WASTEWATER RELATED CAPITAL IMPROVEMENTS WITHIN THE VILLAGE, INCLUDING THE REIMBURSEMENT OF ANY EXPENSES PREVIOUSLY INCURRED BY THE VILLAGE IN CONNECTION THEREWITH; AUTHORIZING THE EXECUTION OF A LOAN NOTE OR LOAN NOTES TO EVIDENCE SUCH BORROWING AND AGREEING TO SECURE SUCH BORROWING WITH A COVENANT TO BUDGET AND APPROPRIATE LEGALLY AVAILABLE NON-AD VALOREM REVENUES OF THE VILLAGE, ALL AS PROVIDED IN THE LOAN AGREEMENT; AUTHORIZING THE EXECUTION AND DELIVERY OF SUCH OTHER DOCUMENTS AS MAY BE NECESSARY TO EFFECT SUCH BORROWING; AND PROVIDING AN EFFECTIVE DATE (STAFF: VILLAGE MANAGER).

Meeting: Village Council

Meeting Time: July 01, 2025 at 6:30pm EDT

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12.C) A RESOLUTION OF THE MIAMI SHORES VILLAGE COUNCIL AUTHORIZING THE BORROWING OF NOT EXCEEDING $1,135,000 FROM THE POOLED COMMERCIAL PAPER LOAN PROGRAM OF THE FLORIDA LOCAL GOVERNMENT FINANCE COMMISSION PURSUANT TO THE TERMS OF THE LOAN AGREEMENT AMONG THE VILLAGE, JPMORGAN CHASE BANK, N.A., AND THE COMMISSION IN ORDER TO FINANCE VARIOUS WASTEWATER RELATED CAPITAL IMPROVEMENTS WITHIN THE VILLAGE, INCLUDING THE REIMBURSEMENT OF ANY EXPENSES PREVIOUSLY INCURRED BY THE VILLAGE IN CONNECTION THEREWITH; AUTHORIZING THE EXECUTION OF A LOAN NOTE OR LOAN NOTES TO EVIDENCE SUCH BORROWING AND AGREEING TO SECURE SUCH BORROWING WITH A COVENANT TO BUDGET AND APPROPRIATE LEGALLY AVAILABLE NON-AD VALOREM REVENUES OF THE VILLAGE, ALL AS PROVIDED IN THE LOAN AGREEMENT; AUTHORIZING THE EXECUTION AND DELIVERY OF SUCH OTHER DOCUMENTS AS MAY BE NECESSARY TO EFFECT SUCH BORROWING; AND PROVIDING AN EFFECTIVE DATE (STAFF: VILLAGE MANAGER).

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Meeting: Village Council

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