HomeMy Public PortalAbout06-2006-6 RESOLUTION NO.2006-6 SCANNED
COMMON COUNCIL
CITY OF GREENCASTLE,INDIANA
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; and
WHEREAS, a matching 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
2006,and the Greencastle/Putnam County Development Center shall raise an equivalent sum from
other sources; and
WHEREAS, the Citizens Advisory Commission for Industrial Development approves and
recommends to the City of Greencastle Common Council through its Resolution No. 2006-2 an
expenditure of monies of Thirty-six Thousand,Five-hundred Dollars($36,500.00)for the year 2006
from the interest earned on the Industrial Development Fund, plus Three-thousand, Five-hundred
Dollars($3,500.00)for the travel fund to be used by the City of Greencastle and its designees for the
promotion of industrial development in the City of Greencastle.
NOW, THEREFORE, BE IT RESOLVED THAT THE GREENCASTLE COMMON
COUNCIL approves the expenditure of$40,000.00 in industrial development fund monies.
COMMON COUNCIL OF THE CITY OF GREENCASTLE
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Thomas W. Roach sell W. Evans
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M k N. Hammer hn A. Lathe
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Rob P. Sedlack
Approved and signed by me this 9th day of May 2006, at B\3C o'clock p.m.
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Nancy A3lichael, Mayor
ATTEST:
eresa P. Glenn, erk-Treasurer 8cor3\ccres-gdcfunding.lah