Title
A Resolution Continuing the Approval of Financing Documents by the City of Foley, Alabama and the City of Foley's Public Facilities Cooperative District
Summary
DESCRIPTION OF TOPIC: (who, what, when, where, why, and how much)
SOURCE OF FUNDING:
Please provide the amount requested: ____________
Is this a budgeted item? Yes /No
Please provide the budgeted amount: $_____________ Account No. ___________________________
If budgeted, is this a capital purchase, capital project, or special fund? _________________________
Was this item included in the Fiscal Year Capital Projects Plan? Yes/No
If yes, please provide the amount included in Capital Projects Plan: $___________
Body
BE IT RESOLVED BY THE CITY COUNCIL OF CITY OF FOLEY, ALABAMA, (the "City") as follows:
Section 1. Pursuant to Amendment No. 772 to the Constitution of Alabama of 1901, as amended ("Amendment No. 772"), the City has caused the Notice attached hereto as Exhibit A (the "Notice") to be published on February 14, 2014 in The Foley Onlooker with respect to certain actions proposed to be taken, and certain agreements proposed to be made and delivered, by the City, to provide for the financing of a portion of the costs of the Project and the economic development of the City thereby.
Section 2. The Notice published on February 14, 2014 set the date for the public meeting in relation to these proposed actions, on March 3, 2014.
Section 3. The Public Meeting noticed in the February 14, 2014 edition of The Foley Onlooker for March 3, 2014 is hereby continued to March 17, 2014.
Section 4. This resolution shall take effect immediately.