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Title:
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A RESOLUTION OF CHAIR AND BOARD OF DIRECTORS OF THE HALLANDALE BEACH COMMUNITY REDEVELOPMENT AGENCY, HALLANDALE BEACH, FLORDA, APPROVING THE RECOMMENDATION OF AWARD OF REQUEST FOR PROPOSALS (RFP) #FY2019-2020-CRA001 (BANK LOAN) TO PNC BANK FOR A LOAN IN AN AMOUNT NOT TO EXCEED $35,000,000 AT A NOT TO EXCEED COMBINATION INTEREST RATE (2.00% TAX-EXEMPT / 2.50% TAXABLE); AUTHORIZING THE EXECUTIVE DIRECTOR AND HBCRA ATTORNEY TO NEGOTIATE AND FINALIZE A PROMISSORY NOTE, LOAN AGREEMENT, SECURITY AGREEMENT AND RELATED DOCUMENTS WITH PNC BANK FOR A LOAN IN AN AMOUNT NOT TO EXCEED $35,000,000 AT A NOT TO EXCEED COMBINATION INTEREST RATE (2.00% TAX-EXEMPT / 2.50% TAXABLE) FOR FURTHER APPROVAL BY THE CHAIR AND BOARD OF DIRECTORS OF THE HALLANDALE BEACH COMMUNITY REDEVELOPMENT AGENCY; AND PROVIDING AN EFFECTIVE DATE. (STAFF: EXECUTIVE DIRECTOR)
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