Approve financing and debt issuance for 406 Washington Avenue purchase

Financing and debt issuance for 406 washington avenue purchase tab 15 a resolution of the city council of the city of homestead, florida, approving a puchase sale agreement and authorizing the issuance of a note in an amount not to exceed $1,666,812.00 to secure a loan for the purchase of a property from the sellers of the property located at 406 washington avenue; providing for a covenant to budget and appropriate non-ad valorem revenues for the payment of the loan; providing for security for the note; approving and authorizing the execution and delivery of a loan agreement, a note and such other documents as may be necessary in connection with the loan; providing for severability; providing for repealer; providing an effective date.