2022-104 Ordinance - Laserfiche WebLink

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fhe Nolen shall be dated the date of issuance and shall mature one N ear Il Out the dale of issuance; provided that the Director of 12inance mac, if it is determined to he necessary or advisable to the sale of the Notcs. establish a maturity date that is anti date up to one rear from the date of issuance by setting Ibrth that mamniK date in the Cerilicatc of Award. The Notes stealI bear interest at a rate riot to exceed 6 4 per tear (computed on the basis of a 360-dav year consisting of 12 30 -day months), payable at trial Ari and until the principal amount is paid or payment is prn ided for. the aggreLate principal amount of and rate of interest on the Notes shall be Lie terini tied by the Director of I inanee in the Certificate of Award." Section 2. Section 2 of Ordinance No. 2022-78, as passed on September 20. 2022. be and is herebc repealed. Section 3. 'Chis Council finds and determines that all formal actions of this Council and of any ofits committees concerning and relating to the passage of this ordinance were taken. and that all deliherations of this Council and of ane committees that resulted in those formal actions were held, in meetings open to the public in compliance with the law. Section 4. this ordinance is declared to be an emergence measure necessary fix the immediate preservation of public peace, health, safety and welfare of the City. and for the birther reason that this ordinance is required to he inanediatcly cllective in order to perms the Cil%to issue the Notes authorized by Ordinance No. 2022-78 at an interest rate not to exceed 6% to accommodate market conditions; wherefore. this ordinance shall he in full force and effect immediately upon its passage and approral hti the Mayort s. C.,v i, L It- Passed2(122 `' lttcctts>, i1 LtLCC-c` , Chakofcom it Approvcd:.�I /1 ! .,02, i ) Mayor �i ,resZL idenl of Council d r�ic.�L T( (,V�(I l�tulSh7 `V