Subject: 21546/LoanAppl/NWGaUsersLoanFund
Date: Fri, 25 Oct 1996 08:25:12 -0500


                              RESOLUTION NO. 21546
                
                
                 A RESOLUTION AUTHORIZING THE MAYOR TO EXECUTE A
                 LOAN APPLICATION FROM THE STATE OF GEORGIA'S
                 REVOLVING LOAN FUND FOR AN AMOUNT OF SEVEN
                 MILLION, TWO HUNDRED FIFTY-FIVE THOUSAND, FORTY
                 DOLLARS ($7,255,040.00), RELATIVE TO THE
                 NORTHWEST GEORGIA SEWERS, AND, IF APPROVED, TO
                 EXECUTE ALL DOCUMENTS RELATING THERETO.
                
                
                                                    
                
                
       	    	 BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
       CHATTANOOGA, TENNESSEE, that the Mayor be and is hereby 
authorized
       to execute a Loan Application from the State of Georgia's
       Revolving Loan Fund for an amount of $7,255,040.00, relative to
       the Northwest Georgia Sewers; and
       	    	 BE IT FURTHER RESOLVED, that if said loan application is
       approved, there be and is hereby authorized the execution of all
       documents relating thereto.
      
       ADOPTED:	 September 30, 1997
      
       MAM:cjc