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CITY COUNCIL AGENDA ITEM BRIEFING SHEET <br />Submittal Date: <br />Originating Depattment: <br />Presented By: <br />Agenda Item No.: <br />8-25-2011 <br />Council Date: <br />PEDC <br />Steve Gilbert <br />20. <br />9-12-2011 <br />RECOMMENDED MOTION: <br />Motion to approve a Resolution acknowledging and approving a Loan Agreement and Promissory Note between <br />the PEDC and Capital One for a revolving line of credit in the amount of $2,000,000.00 <br />POLICY ISSUE(S): <br />Economic Development <br />BOARD/COMMISSION RECOMMENDATION: <br />None <br />EXHIBITS: <br />Resolution <br />ACTION: <br />BUDGET INFO: <br />❑ Financial Report ❑ Minute Order <br />Expense <br />$NA <br />❑ Department Report ~ Resolution <br />Budgeted Amt. <br />$NA <br />❑ Presentation ❑ Ordinance <br />Y7'D Actual <br />$NA <br />❑ Public Hearing ❑ Other <br />Acct. Name <br />NA <br />Acct. Number <br />NA <br />FISCAL NOTES: <br />None <br />REVIEWED AND APPROVED BY: <br />Z Administtation Z City Clerk ❑ Community Development ❑ EMS/IT ❑ Finance ❑ Fite <br />❑ Municipal Court N Legal ❑ Library ❑ Police ❑ Eng./Public Wotks ❑ Utilities <br />City of Paris Revised 2/04/08 <br />~ ~ 115 <br />