HomeMy Public PortalAbout19-2005-19 RESOLUTION 2005- 19
A RESOLUTION AUTHORIZING FUNDING OF THE
GREENCASTLE/PUTNAM COUNTY DEVELOPMENT CENTER
FROM INDUSTRIAL DEVELOPMENT FUNDS
WHEREAS, the Greencastle/Putnam County Development Center, Inc., continues to play
a key role in assisting, retaining, and attracting new business and industry to the community.
WHEREAS, a matching fund grant of$40,000 from the interest earned on the Industrial
Development Fund is needed to fund the Greencastle/Putnam County Development Center,Inc.,for
2005,and the Greencastle/Putnam County Development Center shall raise an equivalent sum from
other sources.
WHEREAS,any expenditures from the Industrial Development Fund must be approved in
writing by a majority of the members of the Greencastle Citizens Advisory Commission for
Industrial Development.
NOW,THEREFORE BE IT RESOLVED,that the Greencastle Common Council authorizes
the expenditure of$40,000 per annum-$20,000 payable in June and the remainder in October-for
the year 2005 in matching funds from the Industrial Development Fund, as subject to the approval
of the Greencastle Citizens Advisory Commission for Industrial Development.
PASSED AND RESOLVED by the Common Council of the City of Greencastle at its
regular meeting this 14th day of June, 2005.
COMMON COUNCIL OF THE CITY OF GREENCASTLE, INDIANA
Russ vans Ma k N. Hammer
J Lanie Thomas W. Roach
Robert P. Sedlack
Approved and signed by me this 14th day of June, 2005 at - p.m. o'clock.
Nancy A. ichael, Mayor
ATTEST:
011 . eresa G enn, Clerk-Treasurer