17.2.26.040 Authorizations

(a) The Council hereby authorizes the Governor to negotiate and execute a Loan Agreement with SIS LLC for the purchase of VEI.

(b) The Term of the Loan Agreement shall be for a five-year period beginning October 1, 2021 to September 30, 2026.

(c) The Council hereby authorizes up to $750,000 of Pueblo funds for the Loan to be taken from available federal grant funds or other available funds.

(d) The Governor, or his designee, is authorized to take such actions as deemed necessary to carry out the intent this Act