HomeMy Public PortalAbout03-1992-3 RESOLUTION NO. 1992-3
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
completing the relocation, improvement and construction 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 not to exceed Fifty-
Nine Thousand Dollars ($59 , 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
Fifty-Nine Thousand Dollars ($59 , 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 Fifty-Nine
Thousand Dollars ($59 , 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 26TH DAY OF FEBRUARY, 1992 .
.
COMMON COUNCIL OF THE CITY
OF GREENCASTLE, INDIANA
(__- _- -,., ,, a __7 - -------. ..,0 A ; , t
Thomas W. Roach Susan V. Murray
0.0 _, 061,V
r d D. Calbert M chael W. Rokicki
6-(A aPea,-
I_e_
Charles T. Mi es /
Apprpved and signed by me this 26t - day f Febr ary, 1992 ,
at 7;3 7 o'clock, p.m.
Michael M. Harmless
ATTEST: Mayor
(°--C-AIL ----
dith B ry, Cr
erk-Treasurer