HomeMy WebLinkAbout1983-OR-02 Ordinance No. 83-OR-2
An Ordinance Authorizin~ Special Appropriations
from the General Fund.
WHEREAS, it has been determined that it is now necessary to
appropriate more money than was appropriated in the annual budget;
NOW, THEREFORE:
Section 1.
BE IT ORDAINED by the Common Council of the City of Jeffersonville,
Clark County, Indiana, that for the expenses of said City the following
sums of money are hereby appropriated and ordered set apart out of
the funds herein named and for the purposes herin soecified, subject
to the laws governin~ the same:
A special appropriation from the
City's General Fund for a loan
to the Jeffersonville Department
of Redevelopment to helo pay for
the costs of securin~ a prime
developer and design and en~ineer-
in~ plans for the Falls Landing Riv-
erfront Development Project.
Amount Amount
Requested Aopropriated
$100,000.00 $100,000.00
Section 2.
This Ordinance shal be in full force and effect from and after
its passage and aoproval by the State Board of Tax Commissioners.
Voted for: Voted Against:
Passed this~_~
day of January, 1983.
MAYOR
Presented by me Clerk-Treasurer to the Mayor of the City of
jeffersonville, this_~ ~aY of January, 1983.
Approved and signed by me
this ~ day of January, 1983.
MAYOR
A~
T~IS AGREEMENT, made and entered into this 4th day of October, 1982,
by and between the City of Jeffersonville, Indiana, hereinafter referred to as
"City", and the City of Jeffersonville Department of Redevelopment, hereinafter
referred to as "Redevelopment Agency",
WITNESSETH THAT:
WHEREAS, the City, by the action of its Cc~mon Council taken at a duly
called special meeting on the 23rd day of August, 198_~2, has been authorized to
lend the Redevelopment Agency One Hundred Thousand Dollars ($100,000.00) from
the City's cumulative capital improvement fund to help pay for the costs of
securing a prime developer and putting together the design and engineering plans
for the Falls Landing P~verfront Development Project in the City's riverfront
area between the Kennedy Bridge and the McAlpine Dam;
NOW, THEREFORE, for and in consideration of the premises and of mutual
covenants hereinafter contained, it is expressly and mutually agreed by the City
and the Redevelopment Agency, as follows:
1. That the City shall lend and pay over to the Redevelopment Agency
on or before the 15th day of January, 198--3, fr~m its cu~m~lative capital improvement
fund the s~ of One Hundred Thousand Dollars ($100,000.00) to help defray the cost
to the Redevelopment Agency of securing a prime developer and putting together the
design and engineering plans for the Falls Landing Riverfront Develc~ment Project
in the City's riverfront area between the Kennedy Bridge and the McAlpine Dam.
2. The aforesaid loan is to be paid back by the Redevelot~e-nt Agency
to the City for its cumulative capital ir~provs~ent fund, in ten (10) annual,
non-interest bearing payments of Ten Thousand Dollars ($10,000.00) each, the
first being due and payable on the 15th day of January, 198_~4, with successive
payments being due annually, one each on the next nine anniversary dates thereof.
3. That - anything in this AGREEMENT to the contraty notwithstanding -
if the Redevelopment Agency does acquire frc~ the Chessie Syst~ (B & 0 Pailroad
Company) an approximately seven acre railyard located within the Falls Landing
Riverfront Develot~-nt Project Area, it sha.!l hold title to such real estate in
the name of the City of Jeffersonville for the use and benefit of its Department
of Redevelopment, and upon its taking such title the aforesaid loan, or any portion
thereof, that is then unpaid, shall be forgiven and cancelled.
AGREEMENT
October 4, 1982
Page 2
4. That the making of the aforesaid loan by the City to the
Redevelopment Agency is conditioned on and made subject to the City ultimately
receiving the approval of the State Board of Tax Commissioners to its appropriation
for the funding of the aforesaid loan.
5. That the Cc~mon Council of the City of JefferSonville, Indiana,
and the Oummission of the City of Jeffersonville Department of Redevelopment,
respectively, have passed resolutions authorizing their respective members to
execute this A~.
IN WITNESS WHEREOF, the parties have signed this AGREEMENT this 4th
day of October, 1982.
C05~40N COUNCIL OF THE/,
Robert Potter
Willfam L. Weidner
CITY OF ,j~j~'~'~RSONVIT,T,E
DEP~ OF REDEVELOPMENT
Thc~as E. Horn
Irvin S. Junghaene
Leslie E. Kavanaugh
Duzward L. Mitchell
C. M. Reynolds
C. RiChard Spencer,
Clerk-Treasurer
Carroll G. Gowens - Executive Director