Title
MFABC SEAPARC Equipment Financing Program Borrowing Resolution
Recommendation
That the following borrowing resolution be approved:
1. That the Board of the Capital Regional District authorizes up to $227,000 be borrowed, under Section 403 of the Local Government Act, from the MFABC Equipment Financing Program, for the purpose of purchasing fitness equipment for the SEAPARC fitness gym.
2. That the loan be repaid within five (5) years, with no rights of renewal.
(WA)