HomeMy Public PortalAbout05-1988-5 RESOLUTION NO. 1988-5
A RESOLUTION APPROVING APPLICATION FOR EQUIPMENT LOAN
FOR CHARMING SHOPPES, INC.
WHEREAS, notice was duly published in the Banner-Graphic on February 2,
1988, of the intention of the City of Greencastle to apply for a grant from
the Investment Incentive Program of the Small Cities Community Development
Block Grant to secure funds to make a low-interest equipment Loan to Charming
Shoppes, Inc. in the amount of $300,000; and
WHEREAS, the said notice invited public comment on said project, as well
as past and present community development, and past and present community
housing needs; and,
rWHEREAS, no public comments were forthcoming at the hearing provided by
said notice at 7:30 p.m. on the 9th day of February, 1988; and,
WHEREAS, the Common Council of the City of Greencastle met in regular
session pursuant to legal notice on said date and, by motion unanimously
adopted to proceed with said application; and,
WHEREAS, Greencastle Development Center, Inc., acting on behalf of the
City of Greencastle has submitted application for said grant and does now, as
the designated administrator of said grant, seek ratification of its action in
this regard.
NOW THEREFORE, BE IT RESOLVED by the Common Council of the City of
Greencastle that the application for a grant in the sum of $300,000 in order
to make a low interest equipment purchase loan to Charming Shoppes, Inc., is
hereby in all things ratified and approved and said administrator is further
authorized to execute such procedural documents and procurements as may be
necessary to secure and administer the grant.
PASSED AND ADOPTED by the Common Council of the City of Greencastle at
their regular meeting this 9th day of February, 1988.
' COMMON COUNCIL OF THE CITY
OF GREENCASTLE, INDIANA
/Leto i a__ e/
Sher Roach_.
T Conway
Susan V. Murray Ja
C.--
Ro ert P. Se ack
IyAri,../...1)0v, 'ca� /ILMiel W. Rokicki
Approved and signed by me this 9th day of February, 1988, at 9:45
o'clock, p.m.
X ---
ichael . Harmless,
Mayor
TEST:2aC¢�
t6
J ith Berry,
Clerk-Treasurer