HomeMy WebLinkAbout2011-R-53 State of Indiana
Before the Common Council of the City of Jeffersonville
RESOLUTION NO. 2011R-43
A RESOLUTION approving the issuance of bonds of the Jeffersonville
Redevelopment District, acting in the name of the City of Jeffersonville, Indiana, in an
amount not to exceed 520,000,000 to finance acquisition of real estate and construction of
certain stormwater conveyance improvements in, physically connected to, or serving or
benefitting the Falls Landing Redevelopment Area and the Inner City Road Economic
Development Area.
WHEREAS, on December 21 the Jeffersonville Redevelopment Commission (the
"Commission") the governing body of the Jeffersonville Redevelopment District (the "District ")
did adopt Bond Resolutions No. RC -35 -11 and No. RC -36 -11 (the "Bond Resolutions")
authorizing the issuance of bonds of the District, acting in the name of the City of Jeffersonville,
Indiana (the "City") in an aggregate principal amount not to exceed Twenty Million Dollars
($20,000,000) (the "Bonds ") for the purpose of acquiring certain real property and construction of
stormwater conveyance improvements in, physically connected to, or serving or benefiting the
Falls Landing Redevelopment Area and the Inner City Road Economic Development Area and
other matters related thereto and has requested the approval of the Common Council ("Common
Council ") of such Bond Resolutions, as well as the approval of the issuance of the Bonds pursuant
to I.C. 36-7-14-25.1; and
WHEREAS, the Common Council now finds that the issuance of said Bonds should be
approved, now, therefore:
BE IT RESOLVED BY THE COMMON COUNCIL OF TIIE
CITY OF JEFFERSONVILLE, INDIANA:
SECTION 1. The Common Council does hereby approve the Bond Resolutions (which are
hereby incorporated into this Resolution by this reference) and the issuance of bonds of the District
to be designated as "Jeffersonville Redevelopment District Tax increment Revenue Bonds of 20,
Series and Series ," (the year to be filled in as of the date of issuance and the Series
designation as appropriate) in the aggregate principal amount not to exceed Twenty Million Dollars
($20,000,000).
SECTION 2. All ordinances or resolutions and parts of ordinances or resolutions in
conflict herewith are hereby repealed.
SECTION 3. If any sections, sentence or provision of this Resolution or the application
thereof to any person or circumstances shall be declared invalid, such invalidity shall not affect
any of the other sections, sentences, provisions, or applications of this ordinance which can be
given effect without the invalid provision or application, and to this end the provisions of this
ordinance are declared to be severable.
SECTION 4. This Resolution shall be in full force and effect from and after its passage
by the Common Council of the City and approval by the Mayor.
ADOPTED AND APPROVED BY the Common Council of the City of Jeffersonville,
Indiana, this _ day of December, 2011.
/YJr�e4 .f YJ 1 e�li
Presiding Officer
Common Council
ATTEST:
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.P. i 4 4r DAD,..
Clerk -T r
City of Jeffersonville, Indiana
PRESENTED BY ME, the undersigned Clerk- Treasurer of the City of Jeffersonville,
Indiana, to the Mayor, for approval and signature, this Plo"- day of December, 2011.
0 ,,; r,tT.D.-0AL
Peggy {ti der, Clerk- Treasurer
City of Jeffersonville, Indiana
APPROVED AND SIGNED 13Y ME, the undersigned Mayor of the City of
Jeffersonville, Indiana, this SOS" day of December, 20 ,.
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omas R. : li _ :, , .
City of Jeffersonville, . ana
1639014 -2-