HomeMy WebLinkAbout2011-R-39 2011 -R- 39
BEFORE THE COMMON COUNCIL
FOR THE CITY OF JEFFERSONVILLE
IN THE STATE OF INDIANA
A RESOLUTION FOR THE APPROVAL OF A S40,000 LOAN TO MR. AND MRS.
STEVE APPLEBY FOR THE RENOVATION OF 201 SPRING STREET
JEFFERSONVILLE, IN
WHEREAS, the Jeffersonville Revolving loan Committee has the power to loan money
to businesses in the downtown area; and
WHEREAS, the Jeffersonville Revolving Loan C ittee has held a meeting and all
the members agree to loan M a ^. Stevt%j k y a low interest loan for $40,000
for renovation of 201 Spring Street, Jeffersonville, IN; and
WHEREAS, the Jeffersonville Revolving Loan Committee agrees to a term of 66
months, including six (6) months interest only, at 2.5% interest; and
WHEREAS, Mr. And Mrs. Steve Appleby will open a restaurant after renovations am
made to the building; and
WHEREAS, the Revolving Loan committee recommends the Council approve this loan;
THEREFORE IT IS RESOLVED that the Jeffersonville Revolving Loam Committee is hereby
authorized to loan Mr. And Mrs. Steve Appleby $40,000 to make renovations at 201 Spring
Street, Jeffersonville, IN. ^
Adopted this g day of December, 2011.
Vote fo • • Vote against:
1 ' den)
►V1 LW. Ca .t t
Attcsc f ,k.P S
Peggy r, Clerk - Treasurer
PRESENTATION TO EXECUTIVE 4At /�
Presented to the City's Executive, Mayor Thomas Galligan, this Ii day of �t waPA; 2011
QoApek
Pcg�der, Clerk Treasurer
t Coved Denied
Ar , � /."f *
omas Galligan, ayor
City of Jeffersonville