HomeMy WebLinkAbout2011-R-45 2011-R- '15
BEFORE THE COMMON COUNCIL
FOR THE CITY OF JEFFERSONVILLE
IN THE STATE OF INDIANA
A RESOLUTION FOR THE APPROVAL OF A $125,000 LOAN TO TWK PROPERTIES
FOR THE RENOVATION OF 214 W. COURT AVENUE, JEFFERSONVILLE, IN
WHEREAS, the Jeffersonville Revolving loan Committee has the power to loan money
to businesses in the downtown arca; and
WHEREAS, the Jeffersonville Revolving Loan Committee has held a meeting and all
the members agree to loan TWK Properties a low interest loan for $ 125,000 for
renovation of 214 W. Court Street, Jeffersonville, 11 and
WHEREAS, the Jeffersonville Revolving Loan Committee agrees to a term of 66
months, including six (6) months interest only, at 2.5% interest; and
WHEREAS, TWK Properties will open a business after renovations are made to the
building; and
WHEREAS, the Revolving Loan committee recommends the Council approve this loan;
THEREFORE IT IS RESOLVED that the Jeffersonville Revolving Loam Committee is hereby
authorized to loan TWK Properties $125,000 to make renovations at 214 W. Court Avenue,
Jeffersonville, IN.
Adopted this g day of December, 2011.
Vote for. Vote against
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Attest: • • ,, J +�
Peggy `•t er, Clerk - Treasurer
PRESENTATION TO EXECUTIVE
Presented to the City's Executive, Mayor Thomas Galligan, this j,G day of _________ 2011
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Peggy t Clerk Treasurer
t% Ap *roved _ Denied
omas Galligan, Ma •
City of Jeffersonville