HomeMy Public PortalAbout01-1997-1 f
RESOLUTION NO. 1997-1 ror r
A RESOLUTION APPROVING TRANSFER OF BENEFITS OF
INDUCEMENT RESOLUTION TO WAL-MART STORES EAST, INC.
WHEREAS, Wal-Mart Stores, Inc. is assigning all of their right, title and interest by
reason of a certain Inducement Agreement, dated 8-10-90, between the City of Greencastle and
Wal-Mart Stores, Inc., to Wal-Mart Stores East, Inc.; and
WHEREAS, Wal-Mart Stores East, Inc. will be wholly owned and controlled by Wal-
Mart Stores, Inc.
NOW THEREFORE BE IT RESOLVED THAT THE CITY COUNCIL, pursuant to I.C.
6-1.1-12.1-1, et. seq., approve such assignment and that the benefits, including tax abatement,
should benefit the assignee, Wal-Mart Stores East, Inc., subject to the following:
1. That the assignee continue to use the property in compliance with previously
established standards.
2. File an application pursuant to I.C. 6-1.1-12.1-3.
PASSED AND RESOLV D y the Common Council of the City of Greencastle at its
regular meeting this ) Li t k day o , 997.
COMMON COUNCIL OF THE CITY OF GREENCASTLE, INDIANA
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Thomas W. Roach Barry Baynard
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1V(ark N. Hammer David Masten
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Approved and signed by me this J 4 day of 1997 at g'�.So'clock p .m.
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Nancy A. Michael, Mayor
A07ST: , RECEIVED FOR RECORD
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Pamela S. Jones, Cle . -T e surer Book 08 Page
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