HomeMy WebLinkAbout2006-R-33COMMON COUNCIL OF THE CITY OF JEFFERSONVILLE
RESOLUTION NO. ~
A RESOLUTION OF THE COMMON COUNCIL
OF THE CITY OF JEFFERSONVILLE, INDIANA CONCERNING
A PRELIMINARY DETERMINATION TO ENTER INTO A PROPOSED LEASE
WHEREAS, the Common Council of the City of Jeffersonville, Indiana ("Council")
received a petition signed by fifty (50) or more taxpayers of the City of Jeffersonville, Indiana
("City"); and
WHEREAS, the CounciI, as the fiscal body of the City, has determined that the need
exists for two (2) new fire stations, a maintenance building and related improvements
("Project"); and
WHEREAS, there have been prepared drawings, plans and estimates for the cost of the
acquisition, construction, improvement, and financing of such Project; and
WHEREAS, the Council has held a public hearing concerning whether to proceed with
the Project and enter into a lease to finance the Project; and
WHEREAS, it is in the best interests of the City and its citizens to proceed with the
acquisition, construction, improvement, financing, and equipping of such Project by the
Jeffersonville Building Corporation, a non-profit corporation ("Corporation"), which will lease
said Project to the City under tenus whereby the City will own the leased Project at the end of
the lease financing period; and
WHEREAS, the Corporation has been organized for the purpose of acquiring, owning
and holding land, structures, equipment and appurtenances, used in connection with the
operation of the City, and the purpose of leasing said Project to the City; and
WHEREAS, drawings, plans and specifications for the Project have been, or will be
submitted to the agencies designated by law, to approve plans and specifications for such
facilities; and
WHEREAS, it now appears to the Council that the leasing of said Project will satisfy the
need for the City facilities and that the proposed Lease therefore submitted to the Council with
the Corporation as lessor, which is incorporated herein, provides for a fair and reasonable rental.
NOW, THEREFORE BE IT RESOLVED BY THE COMMON COUNCIL OF THE
CITY OF JEFFERSONVILLE THAT:
Section 1. The terms and conditions of the proposed form of Lease are approved and
agreed to as the basis for a preliminary determination to enter into a lease.
Section 2. The Clerk-Treasurer is hereby authorized and directed to publish notice of
such preliminary determination as required by law.
of
Section 3. This Resolution shall be in effect from and after its passage.
Adopted by the Common Council of the City of Jeffersvonville, Indiana, this l~'
~) ~-/ ,2006. day
ATTEST
~ Clerk-Treasurer
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