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Mun i t Y) <br />pri <br />jp��t inn int r0dUCT 1 On - opo <br />- � - - - �rim".- r c i a I opmwiL <br />MunicipdIltY I Li �i U 4 1 -A I I �J + no Aotn i n <br />(Arl -in W -)l f PrO d <br />. 1 1 <br />princid-a 'IfTlount ot 5c.50,00o to maynar, PiCrIiA <br />Ohn LonJf-fl, an� that frw Munic-iP41it-Y -jar' Pr <br />lin W91f (ti)a Borrowpr), Purmlu-nt CO d <br />of tno Note to Ar into <br />Loan Nrr—inent (tho I,nAn Ajref-mPni ) f-0 60 OntPt <br />bptwoftn t1jo llunlcipAlitY and tr,hf- i3orrower, for ')Urp6Ae <br />projrct (tho <br />of payong a portif--o or tnr I <br />L :1Jvon proliminary <br />Firnject) to which thio Council ha.- . I . aU Jn - 10 - i3a Ulft <br />approval by RPSOIUtion adopt 'td May <br />contogt h @roof gloarly roquirox of.horwidof tho terifla whon <br />deflnu,d in SL%Ction III nf tiia Loan Agrnomftnt nhall, <br />w1th initial 0apitAl irtterrr bor--inr have thfl <br />Soct , ion 1. <br />Moaning$ ad0fitG' t!"'±I -L <br />seetton 2. it is hRreby found ,nil declare/d <br />thatt <br />-itutes a "Projon" <br />(a.) Tho Project Const <br />of the� Act- <br />autho r i- god- -by t1h a <br />(b) Thn pUtPORe Of tn* PrQJN0t is, sAd L <br />MAote the ublic welfare by <br />Ailoct tW"rqnf wil'Ak b* to+ pr <br />ftttractic.l' 94000ragofoont and dAvolopment of <br />aalln'� ind4stry a"! commarcs, $D- 84 to <br />qlgon" of -jr. to tQhA%1it4t*Vi av f4r of 'A"S"N' <br />bl4ghtod and Marginal land$ and arna <br />Uduu:ry ta 450A110 <br />pon + 6^4 01 the cafftmutity in- Order- to. retain <br />#i4ilable C"Wour- <br />the benefit Of its existing iny*stiant in aduca-tional-iind <br />halting th* mov"Mont of <br />Public nervic* factlitinal t6or areas <br />talontod, educated parganhol of mature ago to 0 . . <br />and thus Preserving the @00notic and human 0#&­'9zGG <br />needed an a boaft f -f providing governmontal g*rvio#s and <br />of land dyiiildblo <br />JiALansive d9vttlopMen, <br />t and bott*r <br />in tho Vommuni-V to pCgvJJ@ an adftqua-o <br />L. __ - <br />b&lancod tat big* tO finantO tfiq incroaso in tho Amount <br />and cnSt of governmontal SatVi00AI, <br />(c) Tho Facility when completod will add to the <br />tax baA0 of th" Munit�.iPAI ty, and will accordingly b* of <br />