HomeMy Public PortalAbout01-1993-1 •
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RESO
LUTION TION NO. 1-1993
DECLARATORY RESOLUTION OF THE
GREENCASTLE
REDEVELOPMENT COMMISSION
WHEREAS, the Greencastle ("City") Redevelopment Commission ("Commission") has
investigated, studied and surveyed economic development areas within the corporate boundaries
of the City; and
WHEREAS, the Commission has selected an economic development area to be developed
under IC 36-7-14 and IC 36-7-25 (collectively, the "Act"); and
WHEREAS, the Commission has prepared an economic development plan ("Plan") for
the selected economic development area, which Plan is attached to and incorporated by reference
in this resolution; and
WHEREAS, the Commission has caused to be prepared:
(1) Maps and plats showing:
(A) the boundaries of the economic development area, the
location of various parcels of property, streets, alleys, and other
features affecting the acquisition, clearance, replatting, replanning,
rezoning or economic development of the area, indicating any
parcels of property to be excluded from the acquisition; and
(B) the parts of the acquired areas that are to be devoted to
public ways, levees, sewerage, parks, playgrounds, and other
public purposes under the Plan:
(2) Lists of the owners of the various parcels of property proposed to be acquired;
and
(3) An estimate of the cost of acquisition, redevelopment and economic development;
and
WHEREAS, the Commission has caused to be prepared a factual repor* ("Report") in
support of the findings contained in this resolution, which Report is attached to and incorporated
by reference in this resolution;
NOW. THEREFORE be it resolved by the Commission that:
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1. The Commission has selected as an economic development area an area within
its corporate boundaries, which area the Commission is hereby designating as the Greencastle
Southeast Economic Development Area ("Southeast Area"), and which Southeast Area is
described in Exhibit A.
2. The Commission finds that the Plan for the Southeast Area:
a. Promotes significant opportunities for the gainful employment of the citizens of
the City;
b. Retains or expands a significant business enterprise existing in the City;
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c. Benefits the public health, safety, morals and welfare of the citizens of the City;
d. Increases the economic well-being of the City and the State of Indiana: and
e. Serves to protect and increase property values in the City and the State of Indiana.
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3. The Commission finds that the Plan cannot be achieved by regulatory processes
or by the ordinary operation of private enterprise without resort to the powers allowed the
Commission under IC 36-7-14 because of:
a. The lack of local public improvements;
b. Existence of conditions that lower the value of the land below nearby land; and
c. Other similar conditions, specifically: the rate of growth in the City generally,
which has placed extraordinary demands on existing infrastructure.
4. The Commission finds that the accomplishment of the Plan will be of public utility
and benefit as measured by:
a. The attraction and retention of permanent jobs:
b. An increase in the property tax base:
c. Improved diversity of the economic base: and
d. Other similar benefits, specifically: increased capacity for future growth.
5. The Commission proposes to acquire certain utility easements within the
boundaries of the Southeast Area as shown in the Plan.
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6. The Commission estimates that the cost of implementing the Plan will not exceed
S6.000,000.
7. The Commission finds that no residents of the Southeast Area will be displaced
by any project resulting from the Plan: and, therefore, the Commission finds that it does not
need to give consideration to transitional and permanent provisions for adequate housing for the
residents.
8. This paragraph shall be considered the allocation provision for the purposes of IC
36-7-14-39. The entire Southeast Area shall constitute an allocation area as defined in IC 36-7-
14-39. Any property taxes levied on or after the effective date of this resolution by or for the
benefit of any public body entitled to a distribution of property taxes on taxable property in the
allocation area shall be allocated and distributed in accordance with IC 36-7-14-39.
9. All of the rights, powers, privileges, and immunities that may be exercised by the
Commission in a Redevelopment Area or Urban Renewal Area may be exercised by the
Commission in the Southeast Area, subject to the limitations in IC 36-7-14-43.
10. The presiding officer of the Commission is hereby authorized and directed to
submit this resolution, the Plan, and the Report to the Greencastle Plan Commission for its
approval.
11. The Commission also directs the presiding officer, upon receipt of the written
t order of approval of the Greencastle Plan Commission and the approval of the Plan
Commission's order by the Common Council, to publish notice of the adoption and substance
of this resolution in accordance with IC 5-3-1-4 and to file notice with the Greencastle Plan
Commission, the Board of Zoning Appeals, the Board of Public Works, the Park Board, the
building commissioner and any other departments or agencies of the City concerned with
planning, zoning variances, land use or the issuance of building permits. The notice must state
that maps and plats have been prepared and can be inspected at the office of the City's
department of redevelopment and must establish a date when the Commission will receive and
hear remonstrances and objections from persons interested in or affected by the proceedings
pertaining to the proposed project and will determine the public utility and benefit of the
proposed project. Copies of the notice must also be filed with the officer authorized to fix
budgets, tax rates and tax levies under IC 6-1.1-17-5 for each taxing unit that is either wholly
or partly located within the proposed allocation area.
12. The Commission also directs the presiding officer to prepare or cause to be
prepared a statement disclosing the impact of the Allocation Area, including the following:
(A) The estimated economic benefits and costs incurred by the Allocation Area, as
measured by increased employment and anticipated growth of real property, personal property
and inventory assessed values: and
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(B) The anticipated impact on tax revenues of each taxing unit that is either wholly
f"` or partly located within the Allocation Area, A copy of,this statement shall be forwarded to
each such taxing unit with a copy of the notice required under Section 11 of this Resolution.
13. The Commission further directs the presiding officer to submit this resolution to
the Common Council for its approval of the establishment of the Southeast Area.
14. This Resolution shall be effective as of its date of adoption.
Adopted . . • • 1993.
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GREENCASTLE REDEVELOPMENT
COMMISSION
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EX IIBIT A
Description of Greencastle Southeast
Economic Development Area
Beginning at the southern Corporate Limit boundary on Route 231 South:
east; then north to Chadd Road:
east to First Street (Zinc Mill Road);
north then east following Corporate Limit then north to a point approximately parallel
with the east/west portion of Edgewood Lake Road;
• then east to Edgewood Lake Road;
then north to Route 240;
then west to Fillmore Road:
then north to 50 South Road:
then West, southwest and West following the Corporate Limit boundary to the Western
Boundary of North American Capacitor: then south to Veterans Memorial Highway
(VMH); then southwest following VMH approximately 1/2 mile; then west to a point that
• is near the east intersection of Avenues F and G; then southwest parallel with Avenue
G to First Street;
then West to Wood Street; then South to Robe Ann Park northern boundary;
then west to Bloomington Street;
then in a southerly direction follow Bloomington Street to point of beginning.
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ORDER OF THE GREENCASTLE PLAN COMMISSION
DETERMINING THAT A DECLARATORY
:: RESOLUTION AND ECONOMIC DEVELOPMENT
PLAN APPROVED AND ADOPTED BY THE
GREENCASTLE REDEVELOPMENT COMMISSION CONFORM TO THE
COMPREHENSIVE PLAN AND APPROVING THAT
RESOLUTION AND THE ECONOMIC DEVELOPMENT PLAN
WHEREAS, the City of Greencastle ("City") Redevelopment Commission
("Commission") has on the 22nd day of January, 1993, initially approved an Economic
Development Plan ("Plan") for the Greencastle Southeast Economic Development Area ("Area")
in the City; and
WHEREAS, the Commission on the 22nd day of January, 1993, adopted a Declaratory
Resolution declaring that the Area is an economic development area and subject to economic
development activities pursuant to IC 36-7-14 and IC 36-7-25, and all acts supplemental and
amendatory thereto ("Act"); and
WHEREAS, the Act requires approval of the Declaratory Resolution and the Plan by the
Greencastle Plan Commission ("Plan Commission");
NOW, THEREFORE, BE IT ORDERED by the Greencastle Plan Commission, as
follows:
1. That the Plan for the Area, dated January 22, 1993, conforms to the
Comprehensive Plan of development for the City.
2. That the Plan is in all respects approved, ratified and confirmed.
3. That the Secretary of the Plan Commission is hereby directed to file a copy of the
Declaratory Resolution and the Plan with the permanent minutes of this meeting.
Passed by the Greencastle Plan Commission, this 25th day of January, 1993.
President
Greencastle Plan Commission
ATTEST:
S
tarY
encastle Plan Commission
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FACTUAL REPORT IN SUPPORT
OF FINDINGS CONTAINED IN
RESOLUTION NO. 1-1993
OF THE GREENCASTLE
REDEVELOPMENT COMMISSION
1. The Plan for the Southeast Area will promote significant opportunities for the
gainful employment of citizens of the City of Greencastle as follows:
• The City of Greencastle is aware of planned plant expansions by major employers in the
Southeast Area and possible new business enterprises which would add an additional 200-300
jobs. The additional improvements planned for the Southeast Area are necessary to ensure that
the City's infrastructure capacity will be sufficient to adequately serve these expansions and the
general public in the Southeast Area, and arc a factor in the decision of the possible new
business enterprise to locate in the Southeast Area.
2. The Plan will attract a major new business enterprise to, or will retain or expand
an existing significant business enterprise in, the City of Greencastle as follows:
The expansion of the wastewater treatment plant and the waterworks and the
rehabilitation of certain sewer lines and the extension of sewer lines and water lines will
�-, encourage existing industries and businesses located in the Southeast Area to proceed with plans
for expansion, and the additional infrastructure will enable the City of Greencastle to attract
additional businesses which cannot presently be served with the current capacity of the
wastewater treatment plant and the waterworks.
3. The planning, replanning, development, and redevelopment of the Southeast Area
will benefit the public health, safety, morals and welfare; increase the economic well-being of
the City of Greencastle and the State of Indiana; and serve to protect and increase property
values in the City of Greencastle and the State of Indiana as follows:
• One of the proposed projects is to install sewers in the Fox Ridge neighborhood.
Currently, after a rainstorm, raw sewage can be seen in the yards of this neighborhood.
Construction of the sewers will eliminate this health hazard.
The City would also like to address other potential environmental concerns which may
arise in the Southeast Area and which are a detriment to the public health and the property
values in the Southeast Area.
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In addition, continued construction and development without the completion of the
infrastructure projects will create excessive demand on the existing infrastructure and may
present safety hazards from time to time due to insufficient water pressure.
4. The Plan for the Southeast Area cannot be achieved by regulatory processes or
by the ordinary operation of private enterprise without resort to IC 36-7-14 (the redevelopment
statute) because of the lack of local public improvements and existence of conditions that lower
the value of the land below that of nearby land because:
The lack of sufficient capacity at the wastewater treatment plant and the waterworks
prevents additional growth from occurring in the Southeast Area. The additional capacity will
encourage future expansion, which will add to the assessed value of commercial and industrial
property in the Southeast Area. The unsanitary conditions in the Fox Ridge neighborhood
detract from the value of the properties in the neighborhood. Correcting the sewage problem
in that neighborhood will serve to improve property values.
5. The accomplishment of the Plan for the Southeast Area will be of public utility
and benefit as measured by:
(1) The attraction of an estimated 200-300 permanent jobs; and
(2) An estimated increase in the property tax base of$4,400,000 of assessed valuation
01164 (assuming new investment of $20,000,000).
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ECONOMIC DEVELOPMENT PLAN
FOR THE GREENCASTLE SOUTHEAST ECONOMIC DEVELOPMENT AREA
GREENCASTLE •
REDEVELOPMENT COMMISSION
Purpose and Introduction.
This document is the Economic Development Plan ("Plan") for the Greencastle Southeast
'Economic Development Area ("Southeast Area") for the City of Greencastle, Indiana ("City").
It is intended for approval by the Greencastle Common Council, the Greencastle Plan
Commission and the Greencastle Redevelopment Commission ("Redevelopment Commission")
in conformance with IC 36-7-14.
Project Objectives.
The purposes of the Plan are to benefit the public health, safety, morals, and welfare of
the citizens of the City; increase the economic well-being of the City and the State of Indiana;
and serve to protect and increase property values in the City and the State of Indiana. The Plan
is designed to promote significant opportunities for the gainful employment of citizens of the
City, attract a major new business enterprise to the City, retain or expand existing significant
P' business enterprises to the City, provide for local public improvements in the Southeast Area,
remove improvements or conditions that lower the value of the land in the Southeast Area below
that of nearby land, resolve problems associated with multiple ownership of land, attract and
retain permanent jobs. increase the property tax base, and improve the diversity of the economic
base of the City.
The factual report attached to this Plan contains the supporting data for the above
declared purposes of the Plan.
Description of Project Area.
The Southeast Area is located in the City and is described as that area contained in the
maps and plats attached to this Plan. The general description of the area is as follows:
Beginning at the southern Corporate Limit boundary on Route 231 South;
east; then north to Chadd Road:
east to First Street (Zinc Mill Road):
north then east following Corporate Limit then north to a point approximately parallel
with the east/west portion of Edgewood Lake Road:
then east to Edgewood Lake Road:
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then north to Route 240;
then west to Fillmore Road;
then north to 50 South Road;
then West. southwest and West following the Corporate Limit boundary to the Western
Boundary of North American Capacitor; then south to Veterans Memorial Highway
(VMH); then southwest following VMH approximately 1/2 mile; then west to a point that
is near the east intersection of Avenues F and G; then southwest parallel with Avenue
G to First Street;
then West to Wood Street; then South to Robe Ann Park northern boundary;
then west to Bloomington Street;
then in a southerly direction follow Bloomington Street to point of beginning.
Project Description.
Following is a brief description of the proposed improvements planned that will benefit the
Southeast Area.
WATER UTILITY IMPROVEMENTS
The City of Greencastle had an update on their master plan prepared by their engineer
which was completed in October, 1992. This master plan update identified needs in the
Water Utility over the next 20 years. These recommendations for improvements in the
master plan update have been reviewed by the Board of Works and City Council. It has
been determined that these improvements will be accomplished in phases. Following is
a description of those elements included in Phase 1 which will benefit in part the
Southeast Area.
PROPOSED WATERWORKS IMPROVEMENTS
Treatment
A completely new treatment facility including iron and manganese removal is proposed.
The plant will include a new clearwell, three new high service pumps, an immediate
minimum capacity of 3,000 GPM, three maintenance garage bays, a new meter shop,
new offices, and pipe and pump designs for future plant capacity expansion. Estimated
cost: $2,437,500
A wellhead protection project that will ensure protection of the wellheads from
contamination is proposed. Estimated cost: $62,500
Estimated Total Cost: $2,500,000
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1 Distribution
14-Inch Main
The main 12-inch line connecting the present plan to the City is over 120 years old.
Problems have occurred in its integrity. It is time that it be replaced. A new 14-inch
transmission main from the plant to Liberty Street is proposed.
Estimated cost: $881,250
Storage
The main storage of the system is a 2 million gallon standpipe located near Cemetery
Road. This standpipe was constructed in 1980. A detailed inspection of the interior and
exterior shows the standpipe is in need of having the exterior sandblasted, spot repaired,
and recoated.
Estimated cost: $175,000
The total estimated cost of all the above waterworks improvements is $3,556,250. A
portion of these improvements will directly benefit and serve the Southeast Area for both
present and future users.
FOX RIDGE IMPROVEMENTS
The Fox Ridge subdivision is a residential and commercial area located east of 231 and
south of southern highway within the Southeast Area. This area is scheduled for
construction of sanitary sewers and water lines.
The sanitary sewers will be constructed in three phases as follows:
Phase 1 $436,200
Phase 2 $834,100
Phase 3 $76,500
Total $1,346,800
Phase 1 of the sanitary sewers is currently under construction. Phases 2 and 3 are
scheduled for late 1993.
Water
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New water lines are also proposed in the Fox Ridge subdivision. Estimated cost of these
water lines is $331,000. Plans and specifications are complete for these new water lines,
and construction is expected in late 1993 or early 1994.
FUTURE D EVELOPMENT
ZINC MILL PROPERTIES
The Zinc Mill properties are located north of the southern highway and east of First
Street (Zinc Mill Road) within the Southeast Area. The City is proposing to demolish.
• clean-up, and redevelop these properties for future economic development uses. The
scope and extent of the cost of the clean-up is unknown. Current studies are underway
to determine the environmental contamination that exists and any required clean-up
procedures and cost.
OLD INDUSTRIAL PARK
The old industrial park is located south of the southern highway and east of Zinc Mill
Road within the Southeast Area. The City proposes to develop this area by constructing'
infrastructure. This will allow for the location of new industry in this area.
Acquisition of Property.
In order to accomplish the Projects, the Redevelopment Commission will acquire, without
the use of eminent domain, the utility easements as necessary to extend water and sewer lines.
The Redevelopment Commission shall follow procedures in IC 36-7-14-19 in the
acquisition of property. The Redevelopment Commission may not exercise the power of eminent
domain in an economic development area.
Procedures with respect to the Projects.
In accomplishing the Projects. the Redevelopment Commission may proceed with the
Projects before the acquisition of all interests in land in the Southeast Area.
All contracts for material or labor in the accomplishment of the Projects shall be let
under IC 36-1.
In the planning and rezoning of real property acquired or to be used in the
accomplishment of the Plan: the opening, closing, relocation and improvement of public ways;
and the construction, relocation, and improvement of sewers and utility services: the
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Redevelopment Commission shall proceed in the same manner as private owners of the property.
The Redevelopment Commission may negotiate with the proper officers and agencies of the City
to secure the proper orders, approvals, and consents.
Any construction work required in connection with the Projects may be carried out by
the appropriate municipal or county department or agency. The Redevelopment Commission
may carry out the construction work if all plans, specifications, and drawings are approved by
the appropriate department or agency and the statutory procedures for the letting of the contracts
by the appropriate department or agency are followed by the Redevelopment Commission.
The Redevelopment Commission may pay any charges or assessments made on account
of orders, approval, consents, and construction work with respect to the Projects or may agree
to pay these assessment in installments as provided by statute in the case of private owners.
None of the real property acquired for the Projects may be set aside and dedicated for
public ways. parking facilities, sewers, levees, parks, or other public puosesthe
Redevelopment Commission has obtained the consents and approval of the department orntil agency
under whose jurisdiction the property will be placed.
Financing of the Proiects.
It is the City's intention to finance the waterworks improvements, including the new
r, waterlines in the Fox Ridge subdivision, through the issuance of waterworks revenue bonds,
payable from water rates and charges generated and collected in the City. It is the
Commission's intention to make available incremental ad valorem property taxes allocated under
IC 36-7-14-39 ("TIF") as a source of revenue for the payment of the waterworks revenue bonds
in order to decrease the amount of waterworks revenues which are necessary to pay the
waterworks revenue bonds. It is the City's intention to finance the Fox Ridge sanitary sewer
improvements through the issuance of sewage works revenue bonds payable from rates and
charges generated and collected in the future. The City and the Commission will finance future
improvements with a mix of revenues which afford maximum flexibility to the City and the
Commission. It is likely that future development in the Southeast Area may be financed through
the issuance of bonds payable from TIF. The amount of any future bonds may not exceed the
total, as estimated by the Redevelopment Commission of all expenses reasonably incurred in
connection with the future development, including:
(1) The total cost of all land, rights-of-way, and other property to be acquired and
developed:
(2) All reasonable and necessary architectural, engineering, legal, financing,
accounting, advertising, bond discount and supervisory expenses related to the acquisition and
development of the future development or the issuance of bonds; and
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/'" (3) Interest (not to exceed 5 years from the date of issuance) and a debt service
reserve for the bonds to the extent the Redevelopment Commission det^rmines that a reserve is
reasonably required.
In the issuance of bonds the Redevelopment Commission will comply with IC 36-7-14-
25.1.
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In the alternative, the Redevelopment Commission may enter into a lease of any property
that could be financed with the proceeds of bonds under IC 36-7-14. The lease is subject to the
provisions of IC 36-7-14-25.2 and IC 36-7-14-25.3.
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Amendment of the Plan.
By following the procedures specified in IC 36-7-14-17.5, the Redevelopment
Commission may amend the Plan for the Southeast Area. However, any enlargement of the
boundaries of the Southeast Area must be approved by the Common Council.
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GREENCASTLE COMMUNITY SCHOOL CORPORATION
Miller Education Center
522 Anderson Street/P.O. Box 480
Greencastle, IN 46135
gone:(317)653-9771
"' X: (317)653-1282
CENTRAL OFFICE
DR.P.JAMES RENZ March 9 1993
SUPERINTENDENT
J.Robert Yost City of Greencastle
ASST. SUPERINTENDENT
City Council Members
Dennis
City Hall
DIRECTOR OFA ck Greencastle, IN 46135
EXTENDED SERVICES
Dear Council Members:
Ruth A.Schroeder
DIRECTOR OF City executive leaders and representatives within the council are to be
PERSONNEL commended for their vision and action to improve our fine city with new homes,
increased industry and increased services. Although I'm not desirous as your
Tarni S.Parker school Superintendent of being placed in the position of speaking against servicesEXECUTIVE SECRETARY
and innovative means of financing for a major project, I must represent the
school corporation. I need to remind you of the ramifications and consequences
BOARD OF faced by the schools when Tax Increment Financing (TIF) has been instituted into
SCHOOL TRUSTEES
our school communities except in areas of blight or in extremely small sections of
large populated areas.
e Spencer
PRESIDENT
By establishing a TIF District, property values with the district are frozen
and any new revenue realized as a result of improvements go to the municipality
Ruth Ralph to pay for the bonds used to finance the project. Bonds of projects of this nature
VICE PRESIDENT usually range from twelve to twenty years duration. Since school finances,
especially rates, are figured based on assessment and school rates can comprise
between 50% to 70% of the total tax rate, a TIF district can become a concern
Bayard L.Allen for schools. In Greencastle, the schools are already affected negatively with 5 &
SECRETARY 10 year abatements. TIF districts can continue in an abated area after it's
completion. The TIF District being considered for Greencastle, although said to
Marilynn Stur eon equal only 15% of our area,is located in an industrial area where assessments are
MEMBER s normally higher. If growth occurs and brings new people to the area, especially
to a captured TIF area, services will be needed with a lack of additional tax
money generated due to near frozen assessments. Our tax rates are already high
Jeffrey McCall (within the high 50 of the State of Indiana) and the only way to lower the rate is
MEMBER to increase the assessment.
The schools are also facing for a lack of better words "a double edge
sword". The State, in order to not increase taxes has shifted $.08 for the last two
(2) years to the local property tax rate and will do so this year. They are also
trying to cap our three (3) funds in transportation, capital projects and debt
EDUCATION IS OUR MOST IMPORTANT MISSION
page 2 of 2
Subject: TIF
3/9/93
service. The general fund is already capped. Our only means of garnering
money at lower rates is through increased assessment and with a TIF District this
option will lessen our opportunityye taken from us. Additionally, at a 1028
Hearing conducted by the Board on January 17, 1990, it was represented to
taxpayers that the latest building project would produce no increases in the
overall tax rate of the school corporation. In 1990 our overall rate was 65.6069,
In 1991 it was $5.8624, in 1992 it was 5.9781 and in 1993 it was 5.9972.
Again I sincerely commend our city leaders for searching for creative
methods to finance growth and progress. As Greencastle Schools strive to provide
quality educational programs, maintain buildings, provide student transportation,
retire existing debt, and lower our tax rate, it is essential that we continue to
receive revenue generated from the residential and business growth of our
community.
ncereIy,
Dr. P. Jame• nz
Superintend• t
tsp
RESOLUTION 1993-1
A RESOLUTION TO FUND THE
GREENCASTLE DEVELOPMENT CENTER
.^.
WHEREAS, the Greencastle/Putnam County Development Center,
Inc . has requested annual matching funding of $40, 000 . 00 for the
1993 year from the interest earned on the Industrial Development
Fund; and
WHEREAS, the Greencastle/Putnam County Development Center,
Inc . continues to play a key role in attracting new business and
industry, and working to retain and help grow existing business and
industry; and
WHEREAS, the Citizens Advisory Commission for Industrial
Development (CACFID) has recommended council approval of such
expenditures .
NOW, THEREFORE, BE IT RESOLVED, that the Greencastle Common
Council approve the expenditure of up to $40, 000 . 00 per annum for
the 1993 year from interest from the Industrial Development fund
monies .
Passed and resolved by the Common Council of the City of
Greencastle at its regular meeting this 12th day of January, 1993 .
COMMON COUNCIL OF THE CITY
OF GREENCASTLE, INDIANA
Thomas W. :oac Susan V. \clurray
/(
D. C. be r 1 Charles T. Mi es
/14/1 -At
M chael W. Rokicki
Approved and signed by me this tL� 'day f Jan ry, 1993 , at
o' clock, f2 .m.
,.N Michael M. Harmless, Mayor
ATTEST:
41:1)21- c
ith BeA
rk-Treasurer