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BILL NO. 91.-166
3
SPONSORED BY COUNCILMAN HALSEY }
ORDINANCE NO. 11721
AN ORDINANCE OF THE CITY OF JEFFERSON, MISSOURI, AUTHORIZING $Y..
THE MAYOR AND CITY CLERK TO EXECUTE A PROMISSORY NOTE IN FAVOR
OF THE MISSOURI DEPARTMENT OF NATURAL RESOURCES IN THE SUM OF
$24,469.74 FOR THE CONVERSION TO GAS HEAT AT THE THOMAS E. f
WHITECOTTON LAW ENFORCEMENT CENTER.
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF JEFFERSON, MISSOURI
AS FOLLOWS: w {
. , Section 1. The Mayor and City Clerk of the City of Jefferson are hereby
t < authorized to execute a promissory note to the Division of Energy- Local Government °
Loan Program of the Missouri Department of Natural Resources. :
,r Section 2. The promissory note shall be substantially the same in form and
content as that agreement attached hereto as Exhibit A. :"
Section 3. This Ordinance shall be in full force and effect from and after the
date of its passage and approval.
"2;"q Passed Approved '►air c . ��',�/�9�
PresidiefOfficer Mayor
42.
ATTEST:
City Clerk
APPROVA S TO FORM:
:J
City Counselor
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' r .. MISSOURI l'+EPARTMENT OF NATURAL RESOURCES , 3a
DIVISION OF ENERGY - LOCAL GOVERNMENT LOAN PROGRAM
PROMISSORY NOTE
7
1y_,—fig?
All
FOR VALUE RECEIVED, the undersigned, City of Jefferson
Local Government, hereinafter"Local Government," hereby promises to pay to the Missouri Department of Natural
Resources, hereinafter"MDNR," or its designee, the principal sum of $ _2A,4fi9-74 p
This principal sum amount includes interest on reimbursements of $ 349 74 which s}„ r
�r'47�tis,c '
has accrued on all advances from MDNR to the Local Government a simple annual interest rate of
r Hai
Interest shall accrue on the principal sum at the rate of . 2 % until final payment is made. y d
i 5
- A total of _ 8 installments with the initial payment of $ ___.1,16. 55 shall be
1. ' (}' r'17( tr tA•��
due on __. ADril 1 . 1992 Subsequent repayments in the amount of $ 3.165 55 I jrf �Y� .
W;
shall be made on a six-month (6) basis and shall be due by the first day of April and October. The final payment
shall be in the amount of$ 3, 171 .68_ and is due on October 1�lgg5
If the scheduled payment becomes thirty (30) or more days delinquent, a late charge of 1%or $100.00, whichever
is greater, of the payment due shall be assessed to the Local Government. The Local Government may prepay .. -2a:
the balance of th e loan I
principle due at any time.
Payments shall be made by registered mail at the administrative offices of the MDNR/Division of Management
Services, P.O. Box 477, Jefferson City, Missouri 65102, or at such other place as the legal holder may designate
in writing.
(:wiy '
t r5 5,..
Presentment, notice of dishonor, and protest are hereby waived by all makers, sureties, guarantors, and endorsersx .;!:
t hereof. This note shall be the joint and several obligation of all makers, sureties, guarantors, and endorsers, '
and shall be binding upon them and their successors and assigns. � ��
The indebtedness evidenced by this note is to enable the Local Government to implement an energy-savings 4ir4;
project in conjunction with the Local Government Loan Program, sections 640.170 to 640.185, RSMo (Supp. 1989)
`.
December 30, 1990 and the corresponding Loan Agreement between the parties executed on
the
terms of which are herein incorporated by reference, q °
City of Jefferson Local Government y
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TITLE:
AT EST:
TITLE: �--
MO 7E0-1206(6•90)
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fC aaen,y
S" ppaaa a a o n qa,y
JOHN ASHCROFT }'s y r Division of energy
4iJ
Division of F?nvlronmcntal Quality
3 Governor
Division of Geology and land Survey
Division of Management Services
<•''' .TRACY MEIIAN III Divisionof Parks,Recreation,
Director STA'L'E OF MISSOURI and Historic Preservation
iz
`r DEPARTMENT OF NATURAL RESOURCES }
DIVISION OF ENERGY
?. P.O.Box 176
t\ Jefferson City,MO 65102
314-751-4000
February 13 , 1992
Ms. Brenda M. Cirtin, CMC
City Clerk {
City of Jefferson '
320 E. McCarty St. 1,
Jefferson City, MO 65101
e=�
h?�, t t
' Dear Ms. Cirtin:
The Missouri Department of Natural Resources/Division of Energy.
' would like to thank you for your participation in the Local
5 : Government Loan Program. Enclosed is 'an amortization schedule
-; }
and the promissory note outlining the repayment terms of your
loan. Please have your authorized representative and a witness
sign the appropriate areas of the promissory note. Retain the
amortization schedule and a copy of the promissory. note for your
own file. The signed, original promissory note is to be
returned to this office by March 16, 1992.
If you have any questions please contact the Local Government
Loan Program at (314) 751-6980.
Very truly yours,
DIVISION OF ENERGY
- v
1
Tom Dempsey
Section Manager
` Local Government Loan Program
TD:tr
Enclosures
® Printed on recycled paper.
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MISSOURI DEPARTMENT OF NATURAL RESOURCES
r:Y DIVISION OF ENERGY
f CITY OF JEFFERSON
SAM VENDOR LOAN LOAN INTEREST
NUMBER NUMBER PRINCIPAL RATE
01136174 4754005 024,469.74 2.00%
.p'
PA%''MENT SCHEDULE
PAYMENT AMOUNT OF AMOUNT OF APPLIED PRINCIPAL
i .
NUMBER PAYMENT INTEREST PRINCIPAL BALANCE
•0
0.00 0.00 0.00 024,469.74
r,
01 43,165.55 0.00 83,165,55 021,304.19
92 03,165.55 8213.04 42,952.51 018,351.68
63 03,165.55 8183.51 02,982.04 415,369.64
04 03,165.55 4153.69 43,011.86 $12,3S7.78
®5 03,165.55 0123.57 03,041.98 09,315.80
7
96 03,165.55 093.15 03,072.40 06,243.40
®7 03,165.55 062.43 03,103.12 03,140.28
03,171.68 031.40 43,140.28 0.00
0860.79 024,469.74
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RESOLUTION RS90-15 *{
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WHEREAS, the City has been desirous of achieving energy savings by "<<
siconverting the energy source from electric to natural gas
in the Police building; and k
WHEREAS, the Missouri Department of Natural Resources has au
! program whereby local governments can barrow funds at two
percent (2%) interest to pay for energy saving projects "u
such as the conversion of heating fuels in the Police
Department; and
WHEREAS, the City of Jefferson applied for a loam under this
program and has subsequently been approved for a two
E' percent loan up to a maximum of $52,200; and
WHEREAS, the City is obligated to a y back the loan through
anticipated savings from the project which has been1 '`
t calculated over an eight-year period:..
NOW THEREFOREr BE IT Resolved by the City of Jefferson Missouri '
that the Mayor is hereby authorized to sign a loan agreement
; between the City and the Division of Energy-Local Government Loan
%F
Program of the Department of Natural Resources for a two percent �'�,,����• ,��:�:
loan not to exceed $52 , 200 for an energy onservation `'�� +1
gY project °�3+• , p;,4�'4�
through converting electric heat to natural gas heat in the Thomas
E. Whitecotton Law Enforcement Center. y
Adopted this _ f G day of Az , 1990.
- Ma
ATTEST:
City Clerk
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MISSOURI DEPARTMENT OF NATURAL RESOURCES s
' DIVISION OF ENERGY - LOCAL GOVERNMENT LOAN PROGRAM *�
k REIMBURSEMENT : fiC:'
Al LOCAL GOVERNMENT %"_:�y,• ' �,;,•,�r�. "„
City of Jefferson, Missouri ,
ADDRESS
CITY
STATE ZIP CODE
320 East McCarty Street I I �'
Y Jefferson City MO 65101 $r0.
e LOAN NUMBER FEDERAL I.D.NUMBER s '- ,•c t:. s
4754005 44 - 6000 - 193
,`- TOTAL LOAN FUNDS APPROVED $ 't� 4;;
52 , 200 . 00 & `
.V.JP�iFi l`f f'
PREVIOUS LOAN FUNDS REQUESTED $ 0fi
i.4
{' LOAN FUNDS REQUESTED THIS ACTION $ 24 , 120 . 00
.k. Al
.'' TOTAL PROJECT COST TO DATE "
24 , 120 .00
?a (ATTACH COPIES OF INVOICES, PURCHASE ORDERS, OR CANCELLED CHECKS.) Y�„,QTR. #t�:�,`,? •
Y
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1 CERTIFY THAT THE ABOVE COSTS ARE CORRECT AND MADE IN ACCORDANCE WITH THE LOAN TERMS AND � �'''I�' 41•
REGULATIONS. ,
TYPE/PRINT NAME OF LOCAL GOVERNMENT OFFICIAL TITLE DATE ��
Louise Gardner Mayor June 4 1991
SIGNATURE OF LOCAL GOVERNMENT OFFICIAL TELEPHONE NUMBER
•R�r
314-634-6303
DNR/DE APPROVER DATE ,
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•�S
REMARKS(OFFICE USE ONLY)
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