HomeMy Public PortalAbout1995-25" R E S O T J T I C N
I N D U C E M E N T R E S O L U T I O N F O R E C O N O M I C D E V E L O P M E N T B O N D S
( C R O W N E Q U I P M E N T C O R P O R A T I O N )
W H E R E A S , c a e C i _ C L G r e e n c a S r - e , l n d i a n a ( t h e
" I s s u e r " ) s a u t h o r - Z e d G v I C 7 0 - 7 - 7 1 . 9 a n d 7 . _ ( r n e " A c t " ) C O
- 5 5 L e r e v e n u e G C n C S . O r t n e - - ^ a : ^ . C _ n c o L - c c n c m l c d e ` l e - c c m e n t
a C - 1 1 t - e s , m e F u n d s _ r c m S a _ C n c - n c t c b e u s e d f o r t h e
a c q u . _ S - c ' o n , r e n o v a r - O n a n d e C i i _ C C L : S C L s a k i L a C - _ ' _ x . 3 5 , a n d
s a i d f a c i - i d e s r C
b e - _ = : e r S C l a _ _ t e a s e d - c a _ c m r - a n , , , o r
( d i r e c t l y o w n e d ' v a . - c m c a n v ; a r c
T H E R - , C _ C w n = c m e n r C c r c c r a r - c n , = n ` , h i o
c o r ^ O r a c i o n ( c e " A c c _ i c a n r " : h a s > d v _ s e d _ . : e = 5 S u e _ _ - ^ a c _ F
3 C C L ' 1 5 i t - o n , - - e n c v a r - G n a - : - � c u i c o - n C O L a n 3 : i 1 S r - n C L - t C i n c
C L a c C r C X _ m a r e l V 1 8 1 , 0 0 0 S C l l a r e - p � - 1 c c a r e d a t - S t a r e
R o a d - - A O E a s t m e - _ - f = ^ . c a s t l e , _ n d - ' a r a , u s e a s
a _ a C _ c . n e m a n L f _ c _ f f i c : i :
a n d
d i v e r s - - - c a r - 0 n C L ' _ . . n d u s t r y a n d
i I I C r e a s e - n j o b c c c c r - u n - = - e S 0 X 5 . ^ . e w _ C C s ) t o
b e a c h i e v e d b y r t e a c a u i s _ - l c n , _ e n c v a t i O r a n n C C
t h e P r O I P - C r w i l l b e C _ O L ' C 1 : C ^ _ e ? : = t o - h e n e a t - S a e t : :
a n d G e n e r a : ` N e i = a r e - - r : n e I s s u e r a n d _ r S C - - I Z e n S ; a n d
- , g P E R E : - _ S , N C l l l d a C c e a r C i n a C L _ n e - i n a n c i n a C r
" t h e _ r c j e c e w e u l : b e p c b 1 - c e . ^ . e - t o c ^ e n e a l r : a a l e t y
a n d c e n e r a ' _ w e l f a r e _ - - . _ = _ 3 S U e r _ r s 7 _ - _ c e n s ; a n t
c r o c c s e s t : a r t : e i s s u e r
- e n d c r c c e e d s
o r
a n - c c n c m - c
"
c e � c . -
d e v e l o c m e n r _ ' _ n a n c _ n c _ o
- n e > c c l i c a n r
r c
u s e d - h e
3 C C L ' 1 5 i t - o n , - - e n c v a r - G n a - : - � c u i c o - n C O L a n 3 : i 1 S r - n C L - t C i n c
C L a c C r C X _ m a r e l V 1 8 1 , 0 0 0 S C l l a r e - p � - 1 c c a r e d a t - S t a r e
R o a d - - A O E a s t m e - _ - f = ^ . c a s t l e , _ n d - ' a r a , u s e a s
a _ a C _ c . n e m a n L f _ c _ f f i c : i :
a n d
d i v e r s - - - c a r - 0 n C L ' _ . . n d u s t r y a n d
i I I C r e a s e - n j o b c c c c r - u n - = - e S 0 X 5 . ^ . e w _ C C s ) t o
b e a c h i e v e d b y r t e a c a u i s _ - l c n , _ e n c v a t i O r a n n C C
t h e P r O I P - C r w i l l b e C _ O L ' C 1 : C ^ _ e ? : = t o - h e n e a t - S a e t : :
a n d G e n e r a : ` N e i = a r e - - r : n e I s s u e r a n d _ r S C - - I Z e n S ; a n d
- , g P E R E : - _ S , N C l l l d a C c e a r C i n a C L _ n e - i n a n c i n a C r
" t h e _ r c j e c e w e u l : b e p c b 1 - c e . ^ . e - t o c ^ e n e a l r : a a l e t y
a n d c e n e r a ' _ w e l f a r e _ - - . _ = _ 3 S U e r _ r s 7 _ - _ c e n s ; a n t
t`3
I
• 0
rn rtl +U I-n vi
W
£
£ ri
w
N
(u
£
L•.
3
rr
p,
'U 'r1
w
o
r1 y I -
rr n
'U
(D
1 -I rr
n
n
O'U
n
n
0
r
Fi
O (D
G
P
I' (U
G
G
'i
r'-
rt
W
W
10
Fi Ii
o
t7,
:T
0
a
':3
li
ri
n
N
'J'
F
O
1 0
ti
li
O
r,
a
O
ti 17,
n
1 - ,
rr <
n
n
(D
I -
<
Y.
'O
0 0
0
(D
n
(D
(D
0
U
N
AI
n
�0
a.
W
I -�.
I.-
a'
1 - '
a' (D
'.S
aD
0
I - '
B
(D
Ii
,_,. n
<
r - r
n
ID
g
a
r
rr
I .,.,O
A
D
4
n,
'y
(D
n ':ll
O
a
O
r
w
6"
O
(D (D
(D
:Y
SP
rn
:T
1..
a
O
0
(D
of
FS
n
O
a
n
n
n
O w
ti
C
rI G
ti
w
n
w
^<
(D
O
•4
n (D
(D
'0
O
(D
DI
n
n
3
IS
n
(D
(D
rr
n
0
1 -1
n
r'.
n
3 a
L•
N
'T (D
r
n
f
n.
ti
(L
n n,
IO
ti
N
w
I'.
I
'r
a
N
G
1 -1
w
L'
O
a-
'C) n
N
(D
(D
N
n
0
0
n.
li
N-
1 -•.
IU
I-
3.
C
N
O
n
n'
(D
N
(D
W
O
N
n
l - P
(D
(Y
w
1
a 'O
(D
(D
n -
a
rt
n
W
w
n
a
w
i
F,
a
n
O
:r
r
ID r
1-
'O O
rr
0
n
(D
,n
w
rt r'.
O
n
'T
x
:J
1 -1
Q.
Y5
n
0
<
n
1✓
^i
w
O
a
n (Q
n
n
FS a
r
a
W
3
r
C
Q.:7'
rr
W
I_t.
W
ID
I I
n
(D
O
(D
(D
Fi
rt,
(D
1
0
(D
<
rn
n
I - .
a
N
O Q.
O
a
N
P-
m
(D
(D ;J'
0
(D
a
3
(D
17,
<
ID
(D
Ill
ID
F-
O rt
(D
< m
a
w
Q.
r
w
li
(D
n
0
0
o
f -'
r
W
(D
N
(D
n
rr
N
11n
T
N
G
:7 S
tr
L'. _.
•
N
n
'CJ
(D
ID
n 1 - r
O
n -
(D
3
W
In
u.
1 -1
r
a
p
:T
Q.
1 -
M
w
G
Q.
(D
1 --
(D
N
n,
a
1
n.
n
ti
0 ;T
ri
:.I
p
In
O
O
0
n
(D
(D
1'
P
a
0
I-'
O
N
N
P- W
I-
3
(D
1-
0
3
3 (D
(a
❑•
i;
rn
n.
W
n.
1 'i
(.1
U�'CJ
::r
W
a
'O
a"
a
t -t, O
N
rt
O a
N
W
1
0
0
rr
1.
3
W
I -'.
O
L
3
O
3
m
1-1
;��
(D
N!
ri
O
r
rQ
r
r
a Q.
N
'<
P
rt
'O
o
6
7
O pt
W
1 - 1
FS
J
O
N<
O
(D
W
n
N
(D
W
Ii
CJ'
w
rt n
w
(D
m
G
<
Q.
Fi
(D
(D
a n
n
I - '
(Q
r
W
(D
'C)
;J
n
1 - ,
N
w
a
N
-
t
n.
rt
(T N
a
")
rt
W
U
(D
F'.
r
1 -1
m
,Q
'r-I
(D
n
C1
f -
N
I -3
'6
n
rr
(D
r
F-'
L).
I -
n.
'A
f .
0.
a'
(D rt
n
t„
0 (J'
a
m
Fi
a
W
3
rr
-
O r
:J
N
T
O
rt
(D
-
r
0
1-
(D
n
rn
(D
J
O
n
r.
(D
W
(D
O
n, W
n
'<
W
r1
'O
w
O 1.
£
(D
(D
rt,
(D
li
n
M
Ii
:J'
a
1 - '.
R
(D
M
n
'u a
n
n
(D
C3
p
(D
1 -
7;
1 - 1
C N
O
r'
Ii
O
0
n,
rl
n,
a
n
- .
(D
n
(D
tr7
1 0
1
n
Ii n.
O
(A
I - I
(D
O
n
(D
(D
W
a I I.
ri
n
a
rl
t7,
rn
(D
(::
L
O
W
PI
IS
n
n
rl
C
0
0
0 1'
n,
N
Cl
W
n
n,
(D
1 - •.
3
a
n
o n
n.
:T
(D
0
:T
n
0
a
.::
W
a
W
N
Ii
r1
3()
,'73
('ri
li
m
N'
- 1. a
n :r
a
(D
N
p
(D
1.
I I.
(D
.Q
(D
in
IU
(D
3
p•.
(D
N
O
a
W
F
Imo.
3
(rl
ni
10
rr
(D (Q
W
w
(D
n.
m
N
a
N
1,;
1- o
ti
n
rr
r
H
n
n
3
rr
Fi
3
Q,
rn
n
0
'J
9
N
O
O
O
N
n
n.
n
m
r
W
'(J
n
C
1 - 1 .
a
N'
:T
I
0
0
3
0
I ..
m
n
f-
ID
n
p
(D
O
=
Im
N
ti
rt 'O
Q.
w
Ul
w
n
a
r
n
(D
O
rr
(D
(D
m
"
a
I - ,
a
(D
Imo.
'T
n
rr
n
(D
N
a
n
M
N
O
ti
1r
rr
m rn
W
I
:T
n,
, i
n
;:J'
N
I„
O
N-
O
o
O
"3
m
rn
(D
'T'<
(D
O
_
�
_
W
",
a ,�.
n
:T
1 O
f
N
a>,()
n
n
o
3
(D
n
I
U
W
a
rt,
n
(n
„
n.
p a
l - •.
(D
-1 ri
N
Imo-
I - S
C
(D
p)
W
n (D
I
n
r
I -•.
(D
o
I-
m
n
I -•.
n
(D
rt
W
n
Ii
O
W
n.
1-
n. n
0
1 (D
W
:7
(D
W
0
a
❑" 7
'J
n
0
O
ID
0
r
:J
W
I -
p
W
(D
w
r
N
r.
N
1'.
;7
Ii
r 3
O
a
(n
N
a
w
rr
{7.
(D O
0.
f-
a
Q.
0
a
n
W
(D
p
n.
N
o
(I
`3
h1
rr
N
rt, c)
W
ID
t -' (D
ro
Q.
n
0
0
I7,
I...
<
r
L
-
m
o
n.
li
n
W
F..
£
I -•
rr
n
O
F
Q.
I.
G
O w
F-'
• ;7
ry
t
(D
0
O
n
(7 a
n
n
o
(D
W
1,-
a
O
rf,
O
In
k-
(D
O
w
'i 1 -
C
'n n
(D
W
C
G
Iy
a
0
1.. I l
(D
'i
Ci
<
n
l - ,
n.
a
C
'CJ
1 --
(D
(I
O
rt,
:3
a
U'
(D
f'
n
n.
9
n
rr
(U
N
a
( I I.
'0
(D
1'
0
(D
F•
1 -'
3
N
:J
H
N
n
W W
O
N
W 0
0<
(D
t
:T
m
t -11
O
n
C
.J
rh
I -
rn
O
;J
0
1-
(D
(D
I
m
0
M
D
(D
n. 3
a
rt
a a
a
1 -
O
(D
W
I(J
I.
a
Fi
0
n
O
F
rt1
(D
1 -t,-
;7
F'
Ii
I
n
rt,
n
U
(D
rr
n. O
n.
n. (D
O
N
n
n
Fi
1-'-
r
FS
O
(D
7J
<
a"
n
117
(D
W
n
a
w
a
W
O
O
n.
0
1- C
m
0
0,
3
w
N
N
(D
n,
ti
3
n, W
0
w
(D
;T
9
N
rr
t
1 -.
3
I - -'
n.
0,
' A
n
f -
r
'CJ
rr a
rn
1
I-'
tT
O
m
N
7
'V
N
n
(D
(D
']'
'7
w
(-)
n
f
(D
A.
IT
I
<
I
rr
ri
1 (i
t
t')'G
0
N
a
W
rn
rl,
r
n n.
(D
F•-
Ii
a
W
(D
n
Q.'<
O
7
£
W
<
(D
O
M
L
i'
O
O
O
Y-
r
(D
a
s
- -
I-
W
n
r,
'O
m
0
ID
r1
n
a
'T
r
3
(D
m
a
(D
n
£
U
(D
<
a O
Fi
'CJ
1i
Q,
n.
n.
G
a
'T
IU lb
I
a
< -"
m
n.
(i
(D
N
rr
3
I --
W
I -
O
n
m
F ,.N
r„
1 0
W 1
(D
r7,
W
w
n'
W
G.()
I•
Ii
(D
N
IS
1
n
0
1
l7,
O
7
I -
..
W
Ii
1
a 0<
0
rr
W
a
a
n
G C.
n
(D
W
a
G
N
n
rr
I -t
1^
N
G
w
'O
rn
n
,<
n
(D
F
Q. CO
(D
Fi
' -_
r
n
0
- r
n I - •.
w
r-n
a
r
(D
0
' ..
N
'.,
ID
N
b"
FS
I - -•-
3
1.
•<
•
O
n
O :T
t -r,
n
(D
1 -'
(D
n'
F ,.
O
-`
W 1 1)
,7
(D
Q.
(D
ti
(D
a
N
a
r
1
ID
N
(D
IS
I_t.(n
(D
r
W
-- N
O
n
a -
;7
co 1 0
n
ti
7
rn
O
r
W
0
0
I -'
a
3
0
C
t'i
N
rr
7
a
1'.
'O
' T
rr
O
1
.IQ
n
n I-
rt
(D
t) '
r
F
P
1
m
7
0
p
n
O
a
n
N
1-11
[q
m
n
n
;T 6"
Q,
Cl
I- n
3
(D
W
n
I -•.
_
I.. ;7
n
(D
,n
O
a
(D
Ii
IS
n•
C
rn
(D
rt
N'
(D O
H.
]
1 .,.
(D
X'
L ..
_,
(D
SD
,...
(D (n
O
Q.
r
a
n.
3
11
I...
N
W
n
n
,3
0
n
.. 3
a
1 -
r3
O
rt
(,.
n
(D
u"
m
W
'7
;:3
Cl
I -
n
'T
O
1
r•-
n
n.(Q
0
'C3
rt
7
(D
1 -1
. FS
'L
:J' O
n''U
N
n
O
(n
Q,
n
a'
Ii
n.
W
3
I-
N
m
I - , . I
Ln
rr
n
<
(D I-„
0
'O
a
n
(D
(D
(D
w
n
tj
rr
-
a
rr ,<
n
w
n
I -•.
Ii
IJ-
rr
rr
p,
;T
n
I
,.
.a
G
a
O
J
m
I - •
ID n
W
°r
(D
1-0
rr
r
(D
w
1 - '
()- ;
(Q
(D
rt
(D
N
(D
`.
N
'< (D
n
(D
T
Ii
(U
W
p.
n
O
7
N
rt
'i
t=
n
n
(D
n.
O
I'S
O
1
M
ri
W
1.
(Q
a
n
n
(D
(D
7
n
W
m
rt
(D
Iti
a.
W
a
w
:T
w
D
a
a
a
(D
N
(D
n
0
3
I
(D
n
n
F•.
0
rn
n
n
n'
O
a
w
a
N
3
N
f-
w
a
n
CT
•
a
n
�G
N
1-
n
, -..
O
a
ti
(D
7 2
o x
W ;r7
rt M
r- L
O (n
a
n.
W
,n
r_
I-'
' C7
�
t✓
:J
(Q
O
n,
rt
r
N
rr
N
a
Ft
w
CT
r
t✓
rr
a'
fD
'n
Ii
O
(D
n
n
Imo.
r
O
n
rt,
O
C
a
C1.
Ft
a"
w
Ft
rr
:J"
m
at the time of authorization of such additional bonds), and
that the aforementioned purposes comply with the provisions of
I.C. 36 -7 -11.9 and 12; provided that all of the foregoing
shall be mutually acceptable to the issuer and the Applicant.
11
4 A11 costs of the Project paid or incurred
by the Applicant, including reimbursement or repayment to the
Applicant of moneys expended by the Applicant for a portion of
the interest paid during the acquisition, renovation and
e quipping of the Project, under .% expenses and attorney
and bond counsel fees, `.viii be elicible to be paid from the
proceeds from the sale of the bona issue to finance the
Project, and the Issuer will lend the proceeds from the sale
of the bonds to the Applicant for the same purposes. Also,
preliminary expenditures for such matters as olanning,
architectural and engineering :work, pale or incurrea ov the
Apolicant will be el <cib'e tc be paid from the proceeds from Pj
the sale of the bond issue - o - . ...anCe the - rC - 1 eCt .
Th'_S __SC Shall COnst -tote tn°
declaration Of intent (tO re1m.CUrse Crlginal e } :penC_tLlreS on
h "
.e Project from - e _ Ceeds _f oc
t r.cs) of the Cit_i .vithin
the meaR'_Rg Of 'ederal a :< -Culaticlis JeCt10P.S _.L03-
S(a) (5) (i) and (ii) ant _.15, 3 and for purposes or
^CmUiance with any other - eCeral and state laws re.uirin
l -
gevernmental action as aut''1Cri=atiCn for =UtUre reimpursement
=rom the prcceOds Of the CRCs.
PASSED and RESC-VED Cy the Common Council _f
the City of Greencastle, at it= spec a1 meecina this 21St day
of November, 1995,
CCMMCN CCONC OF I`E GREENCASTLE, 1NDI _dA
ho map ;4. Roach Sysan
i
Mark N. Hammer ,.I ^ae! Rokicki
Charles T. Miles
Approved and signed by me this 21st day of
n
November, 1995 at y:3 o'clock m
G�
tichaei '�1. Harmless, Mayor
ATTEST:
�l 1 �d
7
- e
�cnaid 'leaver, c - _k --''_ sure-