Section 107-047; Res. 13-06; Authorizing an agreement with Boone County National Bank for the subordination of a CDBG loan for property located at 2101 Vandiver Drive


Council Bill No. R 13-06

     A RESOLUTION

authorizing an agreement with Boone County National Bank for the subordination of a CDBG loan for property located at 2101 Vandiver Drive.

BE IT RESOLVED BY THE COUNCIL OF THE CITY OF COLUMBIA, MISSOURI, AS FOLLOWS:

    SECTION 1.  The City Manager is hereby authorized to execute an agreement with Boone County National Bank for the subordination of a CDBG loan for property located at 2101 Vandiver Drive.  The form and content of the agreement shall be substantially as set forth in "Exhibit A" attached hereto and made a part hereof as fully as if set forth herein verbatim.

    ADOPTED this 17th day of January, 2006.