Subject: 21236/Amd19641/NWGASewerApplication/Loan
Date: Fri, 25 Oct 1996 08:25:12 -0500


                              RESOLUTION NO. 21236
                 
                 
                 A RESOLUTION AMENDING RESOLUTION NO. 19641, 
                 ENCAPTIONED HEREINBELOW, SO AS TO AMEND AMOUNTS 
                 THEREIN CONCERNING THE NORTHWEST GEORGIA 
                 REGIONAL SEWER SYSTEM LOAN APPLICATION.
                 
                 
                                                     
                 
                 
       	    	 BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF 
       CHATTANOOGA, TENNESSEE, that Resolution No. 19641, encaptioned:
            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).
            
       so as to amend the loan application amount from $5,300,000.00 to 
       $6,976,000.00, the administrative fee from $212,000.00 to 
       $279,000.00, thereby revising the total loan amount from 
       $5,512,000.00 to $7,255,000.00.
       
       ADOPTED:	 January 7, 1997
       
       MAM:cjc