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15-2696 Interlocal Agreement and Promissory Note with Seminole County Pertaining to Oxford Road Redevelopment Funding
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15-2696 Interlocal Agreement and Promissory Note with Seminole County Pertaining to Oxford Road Redevelopment Funding
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9/8/2022 10:11:58 AM
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City Clerk
City Clerk - Doc Type
Resolutions
City Clerk - Date
1/26/2015
Doc Number
15-2696
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This document was prepared by: <br />Arnold W. Schneider, Esq. <br />Assistant County Attorney <br />County Attorney's Office <br />Seminole County Government <br />1101 East First Street <br />Sanford, Florida 32771 <br />EXHIBIT A <br />PROMISSORY NOTE <br />(OXFORD ROAD REDEVELOPMENT PROJECT) <br />PRINCIPAL AMOUNT: ONE MILLION FIVE HUNDRED ELEVEN THOUSAND <br />DATED DATE: <br />MATURITY DATE: <br />RATE OF INTEREST: <br />TWO HUNDRED FORTY-FIVE AND NO/100 DOLLARS <br />($1,511,245.00) <br />2015 <br />JANUARY 1, 2018 <br />ZERO PERCENT (0.00%) PER ANNUM <br />MAKER: CITY OF CASSELBERRY, FLORIDA, <br />a Florida municipal corporation <br />95 Triplet Lake Drive <br />Casselberry, Florida 32707 <br />HOLDER: SEMINOLE COUNTY, FLORIDA, <br />a political subdivision of the State of Florida <br />1101 East First Street <br />Sanford, Florida 32771 <br />1. FOR VALUE RECEIVED, MAKER promises to pay to the order of HOLDER <br />the sum of up to but not exceeding ONE MILLION FIVE HUNDRED ELEVEN <br />THOUSAND TWO HUNDRED FORTY-FIVE AND NO/100 DOLLARS ($1,511,245.00) on <br />January 1, 2018, in lawful money of the United States, at the Office of the County Manager, <br />1101 East First Street, Sanford, Florida 32771, or at such other place as HOLDER may hereafter <br />designate to MAKER in writing. <br />A-1 <br />
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