HomeMy WebLinkAboutVII(G) Discussion/ Action Re: Supplemental Amendments To The Master Lease-Purchase Agreement For Qualified Tax Exempt Financing With Suntrust Bank Agenda 4-7-98
"CENTER OF GOOD LIVING-PRIDE OF WEST ORANGE" isitkegIkUMOSSIONER
S. SCOTT VANDERGRIFT
Ocoee COMMISSIONERS
c ,,T, CITY OF OCOEE COTNTANDERSON OWELL
1:5 a 150 N.LAKESHORE DRIVE SCOTT A.GLASS
v C OCOEE,FLORIDA 34761-2258 NANCY J.PARKER
(407)656-2322
y t' CITY MANAGER
Gp GOO ELLIS SHAPIRO
11IIEWICMAILMENTJNI
TO: The Honorable Mayor and Board of City Commissioners
FROM: Donald Carter, Finance Supervisor `DieL
DATE: April 2, 1998
SUBJECT: QUALIFIED TAX EXEMPT FINANCING
The City has entered into a Master Lease-Purchase Agreement withSunTrust Bank
for the financing of vehicles.
Attached is Resolution No. 98-05 and No. 98-06, which would designate this
financing as a "Qualified Tax-Exempt Obligation" comprising a portion of the
$10,000,000.00 in aggregate issues which may be designated annually.
Action Requested
Staff requests that the City Commission authorize the Mayor and City Clerk to
execute Resolution No. 98-05 and No. 98-06.