HomeMy WebLinkAbout2005-R-22RESOLUTION NO.
JEFFERSONVILLE COMMON COUNCIL
WHEREAS, the Jeffersonville Redevelopment Commission ("Commission") has
determined to issue its Redevelopment District Taxable Tax Increment Revenue Bonds of 2005,
Series B ("Bonds") in an amount not to exceed $5,500,000 for the purpose of acquiring certain
equipment in, serving or benefiting the Inner City Road Economic Development Area and
Allocation Area ("Area"), funding a debt service reserve and paYing issuance expenses; and
WHEREAS, the Common Council of the City of Jeffersonville is required by IC 36-7-14-
25.1 (p) to approve the issuance of bonds of the Commission;
NOW, THEREFORE, BE IT P~SOLVED BY THE COMMON COUNCIL OF THE
CITY OF JEFFERSONVILLE, INDIANA, THAT'
Section 1.
The Common Council hereby approves the issuance of the Bonds of the
Commission in an amount not to exceed $5,500,000 to apply on the costs of the Project.
Section 2.
This resolution shall be in full force and effect.from and after its passage.
PASSED AND ADOPTED by the Common Council of the City of Jeffersonville,
Indiana, this 20th day of June, 2005.
COMMON CO
JEFFER f A
Presiding Officer
CITY OF
ATTEST:
.~urer
INDY 1561144vl
Presented by me to the Mayor of the City of Jeffersonville, Indiana, on the ~
June, 2005.
Clerk-Tre~
day of
Presented to and approved by me, the Mayor of
~,~, day of June, 2005.
Mayor
nville, Indiana, on the
INDY 1561144vl