HomeMy WebLinkAbout2011-R-46 2011 -R - 11
BEFORE THE COMMON COUNCIL
FOR THE CITY OF JEFFERSONVILLE
IN THE STATE OF INDIANA
A RESOLUTION FOR THE APPROVAL OF A 525,000 LOAN TO MRS. HOLLY
WETTINGTON FOR THE RENOVATION OF 251 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 Committee has held a meeting and all
the members agree to loan Mrs. Holly Wettington a low interest loan for $25,000 for
renovation of 251 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, Mrs. Holly Wettington will open a business after renovations are 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 525,000 to make renovations at 251 Spring Street, Jeffersonville, IN.
Adopted this d day of December, 2011.
Vote for: Vote against:
Ara
1 . j
Fri
.
ar
LI
Attest: et L. ,i�
Peggy �`(t ! r, Clerk - Treasurer
PRESENTATION TO EXECUTIVE ,
Presented to Liao
Peggy Executive, Mayor Thomas Galligan, this (- day of 01les $' ; 2011
a
Peggy er, Clerk T reasurer
V Ap.roved — Denied
,rc - SAP —I/
City Galligan, a
City of Jeffersonville