01-0755R REPLACEMENT
   
RESOLUTION AUTHORIZING A $32,600 LOAN TO THE LOWER CHESTER HOCKEY AND SKATING ASSOCIATION.

BY COUNCILOR HOGG:

        RESOLVED, that the proper city officers are hereby authorized to make a loan of $32,600 to the Lower Chester Hockey and Skating Association to be used for the purchase of hockey rink dasher boards.

        RESOLVED FURTHER, that said loan shall be for a term of six years at no interest and shall be drawn from General Fund 0100.



STATEMENT OF PURPOSE:  Lower Chester will contract with Commercial Refrigeration in an amount of $32,600 to furnish and install a hockey dasher board system as per plans and specifications as prepared by independent consulting engineers (ice) at the Lower Chester Recreation Center. This work is in conjunction with the installation of an outdoor ice skating facility currently under construction at the Lower Chester Recreation Center and funded as part of the community development block grant program.