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HomeMy Public PortalAboutORD11958 • .. :iii; :i;,ir i'1 �4s; A wi ' = BILL NO. 93-76 SPONSORED BY COUNCILMAN NILGES q4 ORDINANCE NO. 11958 AN ORDINANCE OF THE CITY OF JEFFERSON, MISSOURI, AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE A PROMISSORY NOTE IN FAVOR OF THE MISSOURI DEPARTMENT OF NATURAL RESOURCES FOR ENERGY CONSERVATION PROJECTS. BE IT ORDAINED BY THE COUNCIL OF THE CITY OF JEFFERSON, MISSOURI F. AS FOLLOWS: Section 1. The Mayor and City Clerk of the City of Jefferson are hereby 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. r- Section 3. This Ordinance shall be in full force and effect from and after the date of its passage and approval. i Passed: Approved: Presiding ODWr Mayor ATTEST: City Clerk i ��T J / il AA•Y:E;Q �I ��UR�' A(d Carnahan,Governor•David A.tihorr,I)irecinr �J�l� z, NATURAL RESOURCE T iilWN"��•• ( C I�►t ,R` ]E ''T OF I�A`I'i.J ) �g DIVISION OF ENERGY � .� 1)'0. Box 176 Jefferson City, MO 65102-0176 (314)751-4000 FAX(314)751-6860 CA-0 July 20, 1993 40 1 -o' 5W City Clerk City of Jefferson City 3Z0 E. McCarty Jefferson City, MO 65101 RE: Loan Number 4760176 Dear Mr. Patton: The Missouri Department of Natural Resources/Division of Energy would like to thank you for your participation in the Local 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 .August 10, 1993. If you have any questions please contact the Local Government Loan Program at ( 314) 751-6980. Very truly yours, DIVISION OF ENERGY Tom Dempsey Section Manager Local Government Loan Program TD:tr Enclosures RECYCLED PAKR ' Ifti1. litr i .J I��iiy �js S, t + i:' ��o+� at 'h✓T r `� � � ` r .'� . ; 'ii 3,:..., 4k��• ! .��;, ? r�4L`{'d+l.r� .dti ivy,ax r`-t'{ t•' a.tL , t ,. ;; t S ! '.t T 1 add, ' .II, r' ? .{y; s 't( !, ;kit+i� il`l � ' t•h„ rp�ir.Lj rJ�tit y�•it y,^yi�,x ,n"yx�1•s I�..n3t )tr�.i d• i'l+' Tf• «r -31,r - tr 't MISSOURI DEPARTMENT OF NATURAL RESOURCES yl''r DIVISION OF ENERGY-LOCAL GOVERNMENT LOAN PROGRAM PROMISSORY NOTE � _— AMOUNT DATE AN NUMBER t 4 $ 15,271 76o17G .01 Juli' FOR VALUE RECEIVED, the undersigned, hjkv: �.. Local Government, hereinafter"Local Government," hereby promises to pay to the Missouri Department of Natural nt fir. H r t, „ 15,271 .01 Resource K s, hereinafter MDNR, or its designee,the principal sum of$ � which This principal sum amount includes interest on reimbursements of $ 1 d Y ,.. 2 %. ;; has accrued on all advances from MDNR to the Local Government a simple annual interest rate of Interest shall accrue on the principal sum at the rate of 2 %until final payment is made. A total of 11 installments with the initial payment of$ 1 458 54 shall be 1993 Subsequent repayments in the amount of$ 1 ,458.54 due on _ October 1 , a . • shall be made on a six-month (6) basis and shall be due by the first day of April and October. The final payment ' October 1 1 998 shall be in the amount of$ 1 ,456.51 and is due on �- ; }: v } . tt _ • If the scheduled payment becomes thirty (30) or more days delinquent, a late charge of 1°h or $100.00, whichever a` k GYM.:;i` :. :Y=IJ•" • rs greater, of the payment due shall be assessed to the Local Government. The Local Government may prepay ` the balance of the loan principle due at any time. {Si.Ott;',: ,"j• t l~ {t r Payments shall be made by registered mail at the administrative offices of the MDNR/Division of Management Services, P.Q. Box 477, Jefferson City, Missouri 65102, or at such other place as the legal holder may designate 't°;k! s nr; in writing. r Ad ,., Presentment, notice of dishonor, and protest are hereby waived by all makers, sureties, guarantors, and endorsers hereof. This note shall be the joint and several obligation of all makers, sureties, guarantors, and endorsers, 4: and shall be binding upon them and their successors and assigns. x The indebtedness evidenced by this note is to enable the Local Government to implement an energy-savings 1989) ;4.R project in conjunction with the Local Government Loan Program, sections 640.170 to 640.185, RSMo (Supp• and the corresponding Loan Agreement between the parties executed on June 26, 1992 __— ,the •k��wN , terms of which are herein incorporated by reference. Jefferson City Local Government 'r BY: TITLE: ;= ATTEST: n ,i TITLE: M0 7e0.1no ter 4 r { f S y a (, 'Alp 5 4 �' i• to 3r ;�,"c k'Fi;< �` ta'a 13tk �91t}! L?*. .? k •— z c 7 .y5.. :�3•.�'it '"p 4•s dl,] ,,yY }jr3 T•a.4� t11� �t aV .� 1 f �.}•"' z �, r135 i }fir( 3N'"r}' ..! i 4/rZj te}t411'. ?+ktiVl'"a 11 z P� { ''�h; t '`}� yx. s • x• iu h a t ..x nc t. n a d A y E } r a s t: k�pa3er t r :1: �• �'rt .sr1 C °? SPCVlii�i � ` yi"t .,St,(t ii.§>tt � is T .4$' }!. �, t ..,f�+ s .i ..s �. ,�, r . ': tCXt.�f a•. >=r g,,,,,.,. ..' t-� n"�`4nt� air°t¢t2-.c �tif''S!o,_,�'�+k�- t'' �'d)t` dh: t,'�y•xc .�t t +1,�,,r �'>wtrt:? vg's w*:•<r '' ,,.- ! l .�ti �...+ A' lA�..`'1�,� �+•ta�,i f ,�: - Y' ���Y :th ty�'t S.rT$�' 'F:r�1.r �tC 7}fW�.��,.i tE�S. . „_: t • LOCAL GOVERNMENT LOAN PROGRAM { MISSOURI DEPARTMENT OF NATURAL RESOURCES DIVISION OF ENERGY r..= CITY OF JEFFERSON SAM VENDOR LOAN LOAN INTEREST N r NUMBER NUMBER PRINCIPAL RATE } 0136174 4760176 $15;271.01 2.00: . ** PAYMENT SCHEDULE # ** :# PAYMENT . AMOUNT OF AMOUNT OF . APPLIED PRINCIPAL NUMBER PAYMENT INTEREST PRINCIPAL BALANCE F 00 $.00 $.00• $.00 $15,271.01 01 41,458.54 $.00 $1,458.54 $13,812.47 r is. 02 $1,458.54 '$138.12 $1,320.42 $12,492.05 t 03 $1,458.54 $124.92 $1,333.62 $11,158.43 9n t N 04 $1,458.54 $111.58 $1,346.96 $9,811.47 05 ' $1,458.54 $98.11 $1,360.43 48,451.04 ` f6 $1,458.54 $84.51 01,374.03 $7,077.01 07 $1,458.54 $70.77 $1,387.77 $5,689.24 . 1 08 $1,458.54 $56.89 $1,401.65 $4,287.59 ' . 09 $1,458.54 $42.87 $1,415.67 $2,871.92 10 01,458.54 $28.71 $1,429.83 $1,442.09 lI. $1,456.51 514.42 *1,442.09 $.00 $770.90 $15,271.01 • f` a x ,y .. it .t 1'� � t +X '.s .� t �f�. ' t r�` r. n� dC. �'V oa.E� tis '.t •ri & r •�`: ,C t . ., 1 i.,>~,;::. � i.. � �{�¢ .a j rayY'i;�i,� `�`�.. .n ,s+ r xr^r+*,a.. .{•�.Jt*trr.t r '°. � sqj ,c l,u�3� 1s .':J�r.','a std:� �s t.,�, c+� ��4� f1°4°�:M"my 9� i x ' }" MEMORANDUM '` K• i TOI Dave Johnston, City Administrator FROMt Alan Kreter , Public Education Officer 4W SUHJECTs DNR Energy Loan DATEi July 239 1993 t,� SE®L�I III�fSZQQ7i07CQS3QTiQIIf19L'�SQkOT�CS.'SBL^"J'7'i.CSJS'S:J"j"L^CJ{'aQISQL7 EQ�a'..L7 CILZI CSC.�GSS'^- SCCiCIi"S7 C7 GLS®R�' "43 `rs The City has received an amortization schedule and promissory note outlining the terms of our loan for energy conservation measures. The reason the amount of the loan is less than the r p p project. amount approved is because the project was a two phase p '. p The first phase was to upgrade heating , air conditioning and hot water heaters at three stations. The amount approved was equal to the amount required to complete these projects because it is .'.q, based on energy saved . Savings on the HVAC was significant enough . to warrant a loan for the full amount . The second project was a window replacement project which could not show the savings necessary in order to pay for this project . I have attached the necessary sheets that show the difference in amount approved vs. ® cost of the project for your review. If you have any further questions please contact me. THANK-YOU ! cc ; Chief Rennick .y M t �x R' I 7tI 47 iJ d*rk9., r u r. 2 1 ' r' '� s ! •.f• ' '� r tC4 #s ti ,�.?f i�9;'• is ICA 00 01% C\j 0 .,j GN 4.) 00 Ljr% C3 -1 :3 P4 4.1 g u UU! 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