HomeMy Public PortalAbout15-1995-15 RESOLUTION NO. 1995-15 tE �
0110
RESOLUTION AUTHORIZING APPLICATION FOR HOOSIER
DEVELOPMENT FUND AND LOCAL MATCH COMMITMENT
RESOLUTION OF THE CITY OF GREENCASTLE, INDIANA,
AUTHORIZING THE SUBMITTAL OF SECTION 108
(HOOSIER DEVELOPMENT FUND-SOUTH CENTRAL INDIANA)
APPLICATION TO THE U.S. DEPARTMENT OF HUD
AND ADDRESSING RELATED MATTERS
WHEREAS,the Common Council of the City of Greencastle,Indiana recognizes the need to stimulate growth and to maintain a
sound economy within its corporate limits:and
WHEREAS,the Housing and Community Development Act of 1974,as amended,authorizes the U. S.Department of Housing
and Urban Development to provide loan guarantee assistance under the Section 108 Program.
WHEREAS,the City of Greencastle, Indiana has conducted or will conduct public hearings prior to the submission of an
application to the U.S. Department of HUD,said public hearings to assess the housing,public facilities and economic needs of its low and
moderate income residents;
NOW THEREFORE,BE IT RESOLVED by the Common Council of the City of Greencastle, Indiana,that:
1. The Mayor is authorized to prepare and submit Section 108 loan guarantee application for South Central Indiana to
inidress community economic development needs of South Central Indiana and to execute and administer a resultant loan including
quisite general administration and project management.contracts and agreements pursuant to regulations of the Indiana Department of
Commerce and the United States Department of Housing and Urban Development.
PASSED AND RESOLVED by the Common Council of the City of Greencastle at its regular meeting this 11th day of July, 1995.
COMMON COUNCIL OF THE CITY OF GREENCASTLE,INDIANA
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Thomas W. Roach Susan V.Murr y
1
Jerald D. Calbert n ael W. Rokicki
Charles T. Miles
Approved and signed by me this 11 th day of July, 1995,at ?-/0 o'clock p.m.
Michael M. Harmless,Mayor
*TEST:
onaid L. Weaver,Clerk-Treasurer
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