HomeMy WebLinkAbout034-95RESOLUTION NO. 34-95
CONFIRMATION AND RATIFICATION OF AMOUNTS BORROWED UNDER THE
FISCAL YEAR 1994-95 TAX AND REVENUE ANTICIPATION NOTE (TRAN)
WHEREAS, the Town Council of the Town of Danville adopted on May 17, 1994 Resolution
No. 61-94 authorizing and approving a maximum amount of borrowing of $ 3,000,000 to be
borrowed in connection with the issuance and sale of a 1994-95 Tax and Revenue
Anticipation Note; and
WHERF~S, the Town of Danville actually received $ 3,055,000 in proceeds from the issuance
and sale of the Fiscal Year 1994-95 Tax and Revenue Anticipation Note, and hereby
determines to confirm and ratify such borrowed amount; now, therefore, be it
RESOLVED, by the Town Council of the Town of Danville, that Section 25 of Resolution No.
61-94 adopted on May 17, 1994 is hereby amended by increasing the maximum amount of
borrowing from $3,000,000 to $3,055,000.
APPROVED by the Town Council of the Town of Danville at a Regular Meeting held on
February 21, 1995, by the following vote:
AYES: Greenberg,
NOES: None
ABSTAINED: None
ABSENT: None
Doyle, Ritchey, Shimansky, Waldo
MAYOR
APPROVED AS TO FORM:
CITY ATTORNEY
ATTEST:
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CITY CLERK
RESOTRAN