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CITY OF SEWARD, ALASKA <br /> RESOLUTION 2012 -089 <br /> be necessary to reflect the $575,000 loan from ADEC, the terms of its repayment over 20 years at a <br /> rate of interest equal to 1.5% subject to bi- annual appropriations, including but not limited to an <br /> agreement for the loan and a promissory note. <br /> Section 4. This resolution shall take effect immediately upon its adoption. <br /> PASSED AND APPROVED by the City Council of the City of Seward, Alaska, this 26 day of <br /> November, 2012. <br /> THE CITY OF SEWARD, ALASKA <br /> David Seaward, Mayor <br /> AYES: Valdatta, Keil, Shafer, Terry, Seaward <br /> NOES: None <br /> ABSENT: Bardarson, Casagranda <br /> ABSTAIN: None <br /> ATTEST: <br /> 1 ��(I�.� (/ <br /> Johanna Kinn- , CMC <br /> ity Clerk <br /> G <br /> . • (City Seal) �, •. • <br /> SEAL I • <br /> . : t • <br /> �' • ••.. 1. • v- P'•. <br /> f <br />