HomeMy Public PortalAbout19-1989-24 RESOLUTION NO. 1989-24
RESOLUTION APPROVING LOAN TO MAIN STREET GREENCASTLE, INC.
FROM RECAPTURED FUNDS FROM TECHNOTRIM, INC. LOAN
WHEREAS, the City of Greencastle, Indiana, adopted an amended
plan for the use of recaptured funds by the passage of Resolution No.
1988-28, "A Resolution Approving Amended Plan for Use of Recaptured
Funds from Technotrim, Inc. Loan" at its regular meeting held June
14, 1988; and,
WHEREAS, Main Street Greencastle, Inc. has applied for a loan of
Forty Thousand Dollars ($40,000.00) to be utilized by Main Street
Greencastle, Inc. , in the renovation of the Old Opera House located on
North Jackson Street, Greencastle, Indiana; and,
WHEREAS, the renovation of the Old Opera House will satisfy the
objectives of the Recapture Plan by creating jobs for the community
and stimulating the local economy; and,
WHEREAS, the Citizens Advisory Commission for Industrial
Development on August 3, 1989, approved the loan to Main Street
Greencastle, Inc. , in the amount of Forty Thousand Dollars
($40,000.00) subject to the terms and conditions of the Recapture
Plan.
0114 NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City
of Greencastle that Forty Thousand Dollars ($40,000.00) from the
4 recaptured funds from the loan to Technotrim, Inc. (Grant II 86-009)
be lent to Main Street Greencastle, Inc. for use in renovating the Old
4 Opera House, subject to all terms and conditions of the Amended Plan
4 for Use of Recaptured Funds from Technotrim, Inc. Loan as approved by
Resolution No. 1988-28.
PASSED and ADOPTED by the Common Council of the City of
Greencastle at its regular meeting this 19th day of September, 1989.
COMMON COUNCIL OF THE CITY
OF GREENCASTLE, IND AN
L 1�Q l l C Pb-Z LQ ram, _
Sheri Z. Roach Tim Conway
-�-� ,`~)
Susan . Myryray r� Rob rt P. S dlac
Michael W. Rokicki
J-�vApprovedkan�ignfed by me this 19th day of September, 1989, at
Michael M. Harmless,
ATTEST: Mayor
C-) : P-,2}-
J dith Berrr
y,
C -6rk-Treasurer