HomeMy WebLinkAbout2012-R-05 BEFORE THE REDEVELOPMENT COMMISSION
JEFFERSONVILLE, INDIANA
RESOLUTION NO. `3
A RESOLUTION APPROVING THE JEFFERSONVILLE
RESTAURANT FORGIVEABLE LOAN P O I
Whereas, the Jeffersonville Redevelopment Commission
("Commission ") desires to increase the economic viability of Jeffersonville
eligible TIF Districts and the Urban Enterprise Zone (UEZ) by encouraging
more restaurants, and
Whereas, the Commission believes restaurants are considered desirable
uses for the downtown in that they can cteate more activity in the downtown
after business hours and bring more pedestrian traffic by other businesses in
the downtown; and
Whereas, the Commission intends to establish the "The Jeffersonville
Restaurant Forgiveable Loan Program" to create a more viable and attractive
are through privte /public partnership to attract more restaurants;
Now, Therefore It Is Hereby Resolved that the Commission hereby
establishes "The Jeffersonville Restaurant Forgiveable Loan Program" to offer
a forgiveable loan for up to 50% of the costs associated with the renovation or
development properties for use as a fiill service restaurant; and
It Is Further Resolved that "The Jeffersonville Restaurant Forgiveable
Loan Program" shall be implemented and administered joindy with the
Jeffersonville Urban Enterprise Association in accordance with those
provisions set forth in attached Exhibit "A ".
SO ADOPTED this ¶ day of February, 2012.
Jeffersonville Redevelopment Commission
By: / ✓ _
Nlik Hutt, Preside t
ATTEST:
r
Secretary
Prepared by:
Les D. Merkley
City Attorney