HomeMy Public PortalAbout1990-7RESOLUTION NO. 1990 -7
RESOLUTION AUTHORIZING THE USE
OF INDUSTRIAL DEVELOPMENT FUNDS FOR
THE SOUTHERN HIGHWAY PROJECT
WHEREAS, the City of Greencastle in the State of Indiana, by and
• through the Indiana Department of Transportation, is now undertaking
the relocation, improvement and constructi.on of a certain highway
extending in a northeasterly direction from Manhattan Road (Jackson
Street) to State Road 240 (Indianapolis Road) in Putnam County, which
highway is designated in the files of the Indiana Department of
Transportation as Project $Mq- 108(1).
WHEREAS, the City of Greencastle is obligated to provide twenty -
five percent (25 %) of the project cost as well as additional project
costs; and
WHEREAS, it is necessary that an amount riot to exceed Two Hundred
Thousand Dollars ($200,000.00) be appropriated from the Industrial
Development Fund in order to provide additional local match for the
Southern Highway Project and such additional project costs as must be
paid; and
WHEREAS, the Citizens Advisory Commission for Industrial
Development has consented to the expenditure of a maximum of Two
• Hundred Thousand Dollars ($200,000.00) for the Southern Highway
Project. NOW, THEREFORE, BE IT RESOLVED by the Common Council . of the
City of Greencastle that an amount not to exceed Two Hundred Thousand
Dollars ($200,000.00) be appropriated from the Industrial Development
Fund in order to provide part of the local . match for the Southern
Highway Project and other project costs not funded, with any unused
funds reverting to the Industrial Development Fund.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
GREENCASTLE, INDIANA THIS 30TH DAY OF MAY, 1990.
COMMON COUNCIL OF THE CITY
OF GREENCASTLE, INDd A / NA_,
Sheri. Z. Roach - "im Conway
Susan V . Murray j � Robert P. Se
Jet el W. Rcki 1 4
( pgroved and signed by me this 30t day Of May / at
S o'clock, p.m. C / `/
Michael. M. Harmless
A 1'F,ST: Mayor
/ li L L
Ju ith Berry,
C1 rk- Treasurer