HomeMy WebLinkAbout2016-R-9 DECLARING OFFICIAL INTENTBEFORE THE JEFFERSONVILLE COMMON COUNCIL
FOR THE STATE OF INDIANA
RESOLUTION NO. 2016-R- R
A RESOLUTION DECLARING OFFICIAL INTENT
TO REIMBURSE EXPENDITURES
WHEREAS, the City of Jeffersonville, Indiana acting by and through its Common
Council and/or its Redevelopment Commission (collectively, "City") intends to finance the costs
of certain infrastructure improvements, including road widening and construction, together with
all necessary appurtenances and related improvements and incidental expenses in connection
therewith in accordance with the plans and specifications to be developed by the City
(collectively, the "Project"); and
WHEREAS, the City expects to issue debt not exceeding $20,000,000 in aggregate
principal amount for purposes of paying and reimbursing costs of the Project;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY THAT:
Section 1. The City hereby declares its official intent to complete the Project; to
reimburse certain costs of completing the Project with proceeds of either temporary or long term
debt to be incurred by the City, and to issue debt not exceeding $20,000,000 in aggregate
principal amount for purposes of paying and reimbursing costs of the Project.
Section 2. This resolution shall be in full force and effect upon its passage.
ADOPTED this /4 day of in U , 2016.
VOTED FOR: VOTED AGAINST:
AT EST:
Vicki Conlin, Clerk
COMMON COUNCIL OF THE CITY OF
JEFFERSONVI LE, INDIANA
Matt 0 ' en, Pre ' a gm W
Presented by me to the Mayor of the City of Jeffersonville, on this / 7 day of
day of
,2016,at
.11-j
Vicki Conlin, Clerk
Signed and approved by me, the Mayor of the City of Jeffersonville, on this (1'
, 2016, at : .m.
Mike Moore, Mayor
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