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I _ Aut 11-1 1 -it ]'!,it . <br />t <br />I t 1 -at I' tilt! <br />mirinpnota nrirj in ;—I <br />revenue produ(-iliq projoct harvirl rarorrp-,) to, nnd to !7 t I t- Ano <br />noli bUJ;11:3 I r im, t W- <br />Not6 Lol tne purpuse, in the manner arld tAPOn t h Qi- <br />cunditions aet forth in tho Act and in thi-m Rotuo 'Lilt 1011, <br />The? C I I Y coullL: i i hian tier e tutor u du t arm i nod , ai)d does <br />horetiy fjilteflfflirQ� d8 fOlIOWIJ; <br />1 ) The City is- authoriz��,d by tho Act to &ntar inuo <br />a Loan Agreement for the public purposes exproused in the Acti <br />IPA <br />(2) The City haS made the necriamary orrang6ments with <br />the Borrower for tile establishment within the City of a <br />project consisting of geetairl property all as more fully <br />dear'ribed in the 'Loan Agr*61ft nt with the Ro;:rowor ard which <br />will he of the character and accomplish the purposes provided <br />by thu Act, and the City has by this R*nolution authoritod the <br />project and executton of the Loan 4rvepl*nt, Arpfiignnft�W, Of <br />Loan Agroamentt Note and Conatruction Loan Agreement# <br />specifying the terms and conditions of the acquisitioni, <br />V <br />installation, consttuuLlun and financing of ftc *,,mpr *voman t a <br />he lnelud*d fn the projectf <br />I I 4n Jpinq J-�,* project the city's purpose <br />Is., and., in -its JU44ment.the effect thiefoOf WiiI b0p to promote <br />the pubiia W#lCRV6 byi the attractia4it ancOUtAtatmeftt AAd* <br />nt Of- SCOAMi-LAlly 40,,,Ad Udgbtf)! &A COMM rV4 So as - <br />"V01OPM d a <br />to, prevent, io far as pqar�ibte,, the -smergInVe Wit-glitm �A_nd- <br />I- I -A- -4 vitotift,#@ elf rlirirank� tiY4c4iAU1JVMVfit And- tQ 4'.& -in <br />oi- Areas of existing- blight, marginal- lano. <br />p1vym4nti ", ym <br />and uvwm 640 A*VelO stilt Of <br />to use -the available I-69OU90112 <br />of the Community, In Order to, ratain the benefit ok the <br />CrI it kxigting invqgtment in tedvaacional and public <br />rAMUn. a I <br />hajtj,�V the movomiglit of talented, educatt�d <br />personnel of all ages to cther &teas end thur. preserViiig the <br />A��"Q for-, -v <br />_--tconomie gnd-human rosourAces- needed an- -pt cz -id4no <br />governmental services and faciliti'M the provision of acets- <br />Bible employment Opportunities for/ residents in ti�# aroal the <br />expansion of 3n adequate tax 1:48e-tO finance the inoreaoe-in. <br />the amount and cost of governMOntul *Drvic*fif including <br />educational services for the school district serving the <br />community in whir'n the Project is situatedl <br />-3- <br />