SPECIAL MEETING OF THE FLAGLER BEACH CITY COMMISSION SITTING AS THE
COMMUNITY REDEVELOPMENT AGENCY FEBRUARY 26 2009 AT430 P M
AGENDA
Call the meeting to order
2
Pledge of Allegiance
GENERAL BUSINESS
Approval ofOrdinance no 2009
05 an Ordinance ofthe City Commission ofthe City of
Flagler Beach Florida sitting as the Board ofDirectors ofthe City ofFlagler Beach
Community Redevelopment Agency authorizing the borrowing ofmoney in an amount not
to exceed one million one hundred thousand dollars for the purpose offinancing certain
capital improvements described in the Citys Community Redevelopment Plan and
providing an effective date Second and final reading
4
Approval ofResolution2009
04 a Resolution of the City Commission of the City of
Flagler Beach Florida sitting as the Board ofDirectors of the City ofFlagler Beach
Community Redevelopment Agency authorizing a loan in an aggregate principal amount
of100
0
for the purpose of financing certain capital improvements described in the
Citys Community Redevelopment Plan authorizing the execution and delivery ofa loan
agreement authorizing the execution and delivery ofanote to evidence the agency
s
obligation under the loan agreement such note to be a limited obligation ofthe agency
payable from Tax Increment Revenues providing for the rights and security ofthe owner
ofthe note designating the note as abank qualified tax exempt obligation within the
meaning ofthe Internal Revenue Code making certain other covenants and agreements in
connection therewith authorizing the execution and delivery ofan interlocal agreement
with the City of Flagler Beach Florida in connection with the Cityscovenant to budget
and appropriate certain legally available non
advalorem revenues as additional security for
the loan and providing for an effective date
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Adjournment
RECORD REQUIRED TO APPEAL In accordance with Florida Statute 286
0105 if you
should decide to appeal any decision the Commission makes about any matter at this meeting
you will need arecord of the proceedings You are responsibl