R-77-146 - 11/10/1977RESOLUTION NO. 146R
THE STATE OF TEXAS 1
CITY OF ROUND ROCK 1`
RESOLUTION
WHEREAS the City of Round Rock, Texas, by and through its
City Manager has executed two promissory notes to Farmers State
Bank for the total sum of $32,000.00 for payment for the Swimming
Pool Project, and
WHEREAS the grant funds from the Economic Development Admin-
istration for Public Works Improvement Project which are to be
used to repay the notes have not yet been received, and
WHEREAS the notes have become due and payable, and
WHEREAS the Council desires to renew and extend the terms
of the two notes,
NOW THEREFORE BE IT RESOLVED that the Mayor is hereby author-
ized and ordered to execute on behalf of the City a renewal and
extension agreement with Farmers State Bank, extending the due
date of the notes until January_28, 1975.
READ, PASSED, and ADOPTED this V of November, 1977.
ATTEST:
4 -
ty Secretary
RAY 'L TT , Mayor
City of Round Rock, Texas