City of Rockford Finance & Personnel Committee met April 3.
Here is the agenda provided by the Committee:
I. CALL TO ORDER
II. COMMITTEE REPORTS
A. Approval of an Ordinance of the City of Rockford, Illinois, Authorizing the City to Execute a Loan Agreement and Taxable General Obligation Promissory Note, Series 2018 Fifth Modification Agreement in the amount of $12,000,000.00 with Associated Bank, National Association.
B. Intergovernmental Agreement among the City of Rockford, Winnebago County, Illinois, a municipality of the State of Illinois (the "City"), the Rockford Mass Transit District, Winnebago County, Illinois, a unit of local government of the State of Illinois (the "District"), and Rockford Bank & Trust, Co., (the "Bank") Rockford, Illinois, for the Guarantee of a $1,500,000.00 line of credit annually to fund district operations.
III. RESOLUTIONS
A. Approval of a Resolution authorizing a Letter of Support and Commitment of funds for City of Rockford Megasites Development Program Grant Application, which shall provide $1,250,000.00 in matching funds towards the project.
IV. ADJOURNMENT
http://rockfordcityil.iqm2.com/Citizens/FileOpen.aspx?Type=14&ID=3561&Inline=True
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