File #: RES 23-05    Version: 1 Name:
Type: Resolution Status: PASSED
File created: 2/8/2023 In control: City and Borough Assembly
On agenda: 2/14/2023 Final action: 2/14/2023
Title: Authorizing the execution of a loan agreement with Federal Financing Bank, guaranteed by the United States Department of Agriculture Rural Utilities Service, in the principal amount of $4,000,000, to finance certain previously constructed system extensions and additions to the electric distribution system and facilities of the CBS; authorizing the appropriate officers of the CBS to execute the appropriate documents for the loan and the guarantee; and, providing for other matters properly relating thereto
Attachments: 1. 01 Motion, 2. 02 Memo and Res 2023-05, 3. 03 Sitka AK0083 A18 loan approval letter from Borrower, 4. 04 FFB-RUS-NPC-amdt-44, 5. 05 Sitka A18 Full FFB Note, 6. 06 Sitka A18 Reimbursement Note, 7. 07 Sitka Alaska 83 A18 Designation Notice, 8. 08 Sitka Alaska 83 A18 RUS Loan Contract, 9. Signed Res 2023-05

title

Authorizing the execution of a loan agreement with Federal Financing Bank, guaranteed by the United States Department of Agriculture Rural Utilities Service, in the principal amount of $4,000,000, to finance certain previously constructed system extensions and additions to the electric distribution system and facilities of the CBS; authorizing the appropriate officers of the CBS to execute the appropriate documents for the loan and the guarantee; and, providing for other matters properly relating thereto