HomeMy WebLinkAbout1980-OR-04ORDINANCE NO. 80-OR-4
An Ordinance Fixing a Fee to be Assessed on behalf
of the City for the Issuance of Economic Development
Bonds.
BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF JEFFERSONVILLE,
CLARK COUNTY, I~IANA:
Section 1.
That hereinafter a fee shall be charged and paid to the City
by any applicant requesting an ordinance authorizing Economic
~velopment Commission bonds.
Section 2.
That such fee shall be calculated and paid as follows:
1% of the first $50,000.00 of the bonds to be issued and
.1 of 1% for all bonds in excess of %50,000 with a maximum
charge of $5,000.00 and a minimum fee or charge of $500.00.
Section 3.
This Ordinance shall be in full force and effect from and after
its passage and approval.
Passed this ~ day of.. ~_~ , 1980.
~ M~YOR
CLERK-TREASURER ~-- /~/
Presented by me as Clerk-Treasurer to the Mayor of said City
of Jeffersonville this~_~ay of ~ .~ , 1980. ~
Approved and aigned by me this ~ day of ~. ..,