Call to Order:
Deputy Mayor Karakochuk called the meeting to order at 9:00 AM.
#922/17 Application to Borrow Funds for New Arena:
Prystai – that application be made to the Local Government Committee for permission to borrow the sum of seven million dollars ($7,000,000) in 2018 repayable over a period of twenty-five (25) years for the purpose of constructing a new, multi-purpose arena;
And that the amount of the said debt shall be payable in equal monthly installments of principal and interest in the years 2018 to 2043 inclusive, with interest at a rate of 2.65% based on a floating interest rate.
Kucey – that we adjourn the meeting. (9:05 AM).
Last modified: December 28, 2017