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U.S. Bank Loan Drawdown –City of Fargo #1 <br />•The Finance Committee has voted to authorize the first drawdown on <br />the City of Fargo loan for $5 million on the closing date of the loan <br />which is expected to be May 28th. <br />•Suggested Motion: <br />•Move to authorize the City of Fargo to drawdown the funds in the amount of <br />$5 million from U.S. Bank at the time of closing on the U.S. Bank Loan.