Loading...
HomeMy Public PortalAbout017-2012 - Authorizing Expenditure of Funds - CTP Programs anRICHMOND REDEVELOPMENT COMMISSION RESOLUTION NO. 17 -2012 A RESOLUTION AUTHORIZING THE EXPENDITURE OF FUNDS FROM THE CERTIFIED TECHNOLOGY PARK FUND ('CTP PROGRAMS AND WEBSITE ") WHEREAS, the City of Richmond (hereinafter `City ") has previously applied for and received designation on November 11, 2004 for a geographical area of the City to be designated as a Certified Technology Park (hereinafter "CTP "); and WHEREAS, the City of Richmond Redevelopment Commission (hereinafter "Commission ") has the responsibility per Indiana Code 36 -7 -32 to serve as the body for appropriating funds according to guidelines established in Indiana Code 36 -7 -32; and WHEREAS, the City established a fund for the allocation of those funds through Ordinance 91 -2008 on December 15,2008; and WHEREAS, pursuant to Indiana Code 36- 7 -32 -23 revenues received may be used for the purposes described therein, including the preparation of public facilities; and WHEREAS, to help facilitate economic growth within the CTP, the City and Center City Development Corporation are working to establish the Innovation Center as a premier business incubator for entrepreneurs in the City. NOW, THEREFORE, BE IT RESOLVED by the Richmond Redevelopment Commission, that such Commission hereby approves and agrees to reimburse the Center City Development Corporation and/or the City of Richmond and/or pay for necessary expenditures related to the creation of a CTP website, business plan competition and mobile app competition. 'Such funding shall be paid from CTP revenues received during the year 2012 and placed into the allocation fund. BE IT FURTHER RESOLVED that the above reimbursement and/or expenditures shall not exceed $34 =589: RESOLUTION 17 -2012 THIS RESOLUTION IS ADOPTED this e 94_ day of © C21r , 2012 RICHMOND REDEVELOPMENT COMMISSION By By By By By RESOLUTION 17 -2012