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RESOLUTION N0.2000- 3
RESOLUTION AUTHORIZING JEFFERSONVILLE
REDEVELOPMENT COMMISSION TO BORROW FUNDS FROM
THE ~.,::':',,~.,,.~3.,.,N'~- M.:~~"`;~ 5~~~ ~a~ FUND
WHEREAS, it has become necessary for the Jeffersonville Department
of Redevelopment to borrow money from the Jeffersonville Municipal Sewer
Fund £or the purpose of purchasing blighted residences located in the 300
block of Pearl Street; and
WHEREAS, Indiana Code 36-1-8-4 authorizes temporary loans from
municipal utilities; and
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' n w within the ~ "<`~i :``:~.-... ~-: - -.~ Ste'
WHEREAS, there is o ::::::::::::::::<,.<:;;::<.~~~~.<; .:..;;:,,:,:.
I`f~i sufficient moneys to allow this loan;
NOW THEREFORE, BE IT HEREBY RESOLVED that the
Board of Public Works and Safety hereby approves and authorizes the
Jeffersonville Redevelopment Commission to borrow up to X00,000.00 from
E..:~~" '"`: f r the ose of urchasin bli hted
the !~ c ~"f~~~~~t~~ M~~~pa~ ~ F~~ o pure P g g
residences located in the 300 block of Pearl Street.
Adopted this ~ day of February, 2000.
JEFFERSONVILLE BOARD OF PUBLIC
WORKS & SAFETY
Thomas R. Galligan,
Bob Goldman, Member
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Bob Miller, Member
ATTEST:
Peggy r, Clerk/Treasurer
M:U.c~illRewlutionlArsolulion auilwrliing City ~o Sorcow FunOS.OOc