HomeMy Public PortalAbout02-1989-2 RESOLUTION NO. 1989-2
RESOLUTION AUTHORIZING THE USE
,"", OF INDUSTRIAL DEVELOPMENT FUNDS FOR
LOCAL MATCH OF INDUSTRIAL DEVELOPMENT
INFRASTRUCTURE GRANT NO. ID-86-008
WHEREAS, the City of Greencastle, by and through its
Citizens Advisory Commission on Industrial Development and its
Common Council, received Grant No. ID-86-008 from the Industrial
Development Infrastructure Program of the Small Cities Community
Development Block Grant in the amount of $356,250 to be used for
the purpose of extending sewer and water utilities to the site of
Automotive Industries, Inc. ; and
WHEREAS, the City of Greencastle has received a substantial
modification of Grant No. ID-86-008 increasing the total amount
of the grant to $620,550 of which twenty-five per cent (25%) of
project funds, $201,750, must be provided by local match,
including that subject to an inter-local agreement. The proceeds
of the expanded Grant and Local matching funds are to be used for
the purpose of providing road improvements and extending sewer
and water utilities to serve the industrial expansion on the east
side of the City of Greencastle; and
WHEREAS, it is necessary that part of the local match for
ID-86-008 and additional project costs be paid;
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the
City of Greencastle that an amount not to exceed Fifteen Thousand
Dollars ($15,000.00) be paid from the Industrial Development Fund
in order to provide part of the local match for ID-86-008 and
other project costs not funded by the grant.
PASSED and ADOPTED by the Common Council of the City of
Greencastle at a regular meeting this 31st day of January, 1989.
COMMON COUNCIL OF THE CITY
OF GREENCASTLE, INDIANA / 1
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" Z. Roach Tim Conway
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Susan V. Mur,ra )\
Roiert P. edlack
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Michael W. Rokicki -
jApproved and signed by me this 31st day of January, 1989, at
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Michael M. Harmless,
(..1, Mayor
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ud'th Berry,
le k-Treasurer