Subject: 19641/LoanAppl/NWGaRegSewer/Revolv'gLoanAgmt
Date: Fri, 18 Sep 1992 12:21:00 -0500


                               RESOLUTION NO. 19641
                  
                  
                   A RESOLUTION AUTHORIZING THE MAYOR TO
                   EXECUTE ANY NECESSARY OR ADVISABLE DOCUMENTS
                   WITH RESPECT TO THE APPROVED APPLICATION FOR
                   THE NORTHWEST GEORGIA REGIONAL SEWER SYSTEM
                   IMPROVEMENTS IN THE AMOUNT OF A FIVE
                   MILLION, THREE HUNDRED THOUSAND AND NO/100
                   DOLLARS ($5,300,000.00) LOAN FROM THE
                   GEORGIA STATE REVOLVING LOAN FUND (SRF) AND
                   AUTHORIZING THE FOUR PERCENT (4%)
                   ADMINISTRATIVE FEE IN THE AMOUNT OF TWO
                   HUNDRED TWELVE THOUSAND AND NO/100 DOLLARS
                   ($212,000.00) TO BE ROLLED INTO THE LOAN
                   AMOUNT, MAKING THE TOTAL LOAN FIVE MILLION,
                   FIVE HUNDRED TWELVE THOUSAND AND NO/100
                   DOLLARS ($5,512,000.00).
                  
                  
                                                    
                  
                  
       	    	 BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
       CHATTANOOGA, TENNESSEE, That the Mayor be and is hereby 
authorized
       to execute any necessary or advisable documents with respect to
       the approved application for the Northwest Georgia Regional Sewer 

       System improvements in the amount of a $5,300,000.00 loan from 
the
       Georgia State Revolving Loan Fund (SRF) and authorizing the four
       percent (4%) administrative fee in the amount of $212,000.00 to 
be
       rolled into the loan amount, making the total loan $5,512,000.00.
      
       ADOPTED:	 November 2, 1992   
      
       MAM:cjc