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RESOLUTION NO. a.8 ,SERIES 2008
A RESOLUTION OF THE COMMON COUNCII. OF THE CITY
OF JEFFERSONVII,LE, INDIANA CONSENTING TO THE
ISSUANCE BY THE TOWN OF SELLERSBURG, INDIANA OF
ECONOMIC DEVELOPMENT REVENUE BONDS FOR
EASTSIDE CHRISTIAN CHURCH OF JEFFERSONVILLE,
INDIANA.
WHEREAS, the Eastside Christian Church of Jeffersonville, Indiana ("Eastside"), in oxdex to
enhance its facilities in [he City of Jeffersonville, Indiana, proposes [o constmct, install and equip an
approximately 56,000 square foot addition and renovate the existing facility to be used for education,
recreation, cultural and other related activities located at 2319 Veterans Parkway, Jeffersonville,
htdiana 47130, (collectively, the "Improvements") in an amount not to exceed $4,500,000; and
WHEREAS, Eastside has requested that the Town of Sellersburg (the "Town's issue its
economic development revenue bonds pursuant to Indiana Code Section 37-7-11.9 and 12 et sec .
(collectively, the "Act") in an amount not to exceed Four Million Five Hundred Thousand Dollars
($4,500,000); and
WHEREAS, it is deemed in the best interest of the City of Jeffersonville to assist Eastside in
carrying out the proposed financing to create or retain opportunities for gainful employment and to
enhance the education, recreational and cultural environs in and azound the City of Jeffersonville;
and
WHEREAS, i[ is provided in Indiana Code Section 36-7-12-22 that economic development
facilities that are to be located outside the corporate boundaries of the Town may not be financed
without the consent of the fiscal body ofthe unit in which the facilities aze to be located which is the
City of Jeffersonville;
NOW, THEREFORE, BE fI' RESOLVED BY THE COMMON COUNCII. OF THE CITY
OF JEFFERSONVII,L$ AS FOLLOWS:
Section 1. The recitations set out in the foregoing preamble are adopted and incorpom[ed
as a part of this Resolution. Tetms defined in the foregoing preamble have the same meaning when
used herein.
Section 2. Pursuant to the provisions of Indiana Code Section 36-7-12-22, the Common
Council of the City of Jeffersonville hereby consents to [he Town to proceed with the issuance of
economic development bonds for [he benefit of Eastside in order to finance the costs of the
Improvements
Section 3. The adoption of this Resolution and any other action taken by the City of
Jeffersonville in connection with the described fmancing of the project shall no[ be deemed [o, and
shall not, impose any financial liability or responsibility whatsoever upon the City of Jeffersonville.
Section 4. This Resolution shall be in full force and effect 5nm and after its adoption as
provided by law.
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CITY OF JEFFERSONVII,LE, INDIANA
B oti '4
Mayor
ATTEST:
S,C~ CA~ ~,%o.)
Cit 1 rk
CERTIFICATION
I, the City Clerk of the City of Jeffersonville, Indiana, do hereby certify that the foregoing is a
true, correct copy of Resolution No. ,relating to the request for issuance of Town of
Sellersburg, Indiana Economic Development Revenue Bonds for the use and benefit of Eastside
Christian Church of Jeffersonville, Indiana, enacted by the City of Jeffersonville, Indiana at its
meeting held on , 2008, and is in full force and effect.
Witness my hand this day of , 2008.
City Clerk
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