HomeMy Public PortalAbout19-1999-35 �, ( F r f 'fw
RESOLUTION 1999-35
0 A RESOLUTION AUTHORIZING FUNDING OF
MAIN STREET GREENCASTLE
FROM INDUSTRIAL DEVELOPMENT FUNDS
WHEREAS, Main Street Greencastle enhances our community's identity and preserves
its heritage while fostering a center of activity and ensuring economic strength and economic
restructuring.
WHEREAS, investing in Main Street and its revitalization will have economic benefits to
the entire community, including: strengthening and encouraging small, locally-owned
businesses; improving property values; increasing tax collections;promoting tourism; and aiding
in industrial recruitment.
WHEREAS, Main Street Greencastle has requested funding of$7,500.00 (Seven
Thousand Five Hundred Dollars)for each of the years 2000, 2001 and 2002, for a total of
$22,500.00 (Twenty-two Thousand Five Hundred Dollars) from the interest earned on the
Industrial Development Fund, and
WHEREAS,the Citizens Advisory Committee for Industrial Development at its meeting
on October 6, 1999 passed Resolution 1999-3 authorizing this disbursement.
• NOW THEREFORE BE IT RESOLVED,that the Common Council approve the above
expenditure of Industrial Development Funds as approved by CACFID Resolution No. 1999-3.
COMMON COUNCIL OF THE CITY OF GREENCASTLE
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Tom Roac Barry Ba nard ,/
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M Hammer David Masten
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Approved and signed by me this/2y of , 1999, at O . I (. 'clock p.m.
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ATT Nancy A. . ichael, Mayor
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Pamela S. Jones, Cler - .surer
CACFID '
RESOLUTION NO. 1999-3 CN ' dE0
011
A RESOLUTION AUTHORIZING FUNDING OF
MAIN STREET GREENCASTLE
FROM INDUSTRIAL DEVELOPMENT FUNDS
WHEREAS, Main Street Greencastle enhances our community's identity and preserves its
heritage while fostering a center of activity and ensuring economic strength and economic
restructuring.
WHEREAS, investing in Main Street and its revitalization will have economic benefits to the
entire community, including: strengthening and encouraging small, locally-owned businesses;
improving property values; increasing tax collections; promoting tourism; and aiding in industrial
recruitment.
WHEREAS, Main Street Greencastle has requested funding of$7,500.00(Seven-thousand,
five-hundred dollars)for each of the years 2000, 2001 and 2002, for a total of$22,500.00(Twenty-
two thousand, five-hundred dollars) from the interest earned on the Industrial Development Fund,
said amount to be paid in three equal annual installments by January 15' of each year.
NOW THEREFORE BE IT RESOLVED THAT THE CITIZENS ADVISORY
COMMISSION FOR INDUSTRIAL DEVELOPMENT approve the above expenditure of Industrial
Development Funds as set out above.
PASSED AND RESOLVED by the Citizens Advisory Commission for Industrial
Development at its regular meeting this 6th day of October 1999.
CITIZENS ADVISORY COMMISSION FOR INDUSTRIAL DEVELOPMENT
(CACFID)
Robert E. Hutchings, Chairman Nancy ichael, Mayor
L. I+iul er T r Osb e
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a id Murray
y Gary Pershing
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