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RE, SOLUTION NO. 32-2017 <br />A RESOLUTION OF THE CITY OF SOUTH BEND 130ARD OF PUBLIC WORKS <br />APPROVING AN UPDATED AND AMENDED INDUSTRIAL REVOLVING FUND <br />(IRF) PLAN <br />The City of South Bend, Board of Public Works hereby consents to and adopts the <br />following resolutions as the resolutions and actions of the City of South Bend, Board of Public <br />Works at a meeting duly called and held, and at which a quorum was present and acting <br />throughout: <br />WHEREAS, the City of South Bend, Board of Public Works has been presented with an <br />updated and amended Industrial Revolving Fund (IRF) Plan for the City of South Bend, Indiana <br />("Plan"), and upon consideration of same and after due deliberation, it has been determined that <br />it is in the best interest of the City of South Bend, Board of Public Works to approve said Plan. <br />NOW, THEREFORE, the resolutions which the City of South Bend, Board of Public <br />Works has adopted are as follows: <br />RESOLVED, that upon careful consideration, the City of South Bend, Board <br />of Public Works has deemed it to be in the best interest of the City to approve <br />the updated and amended Industrial Revolving Fund (IRF) Plan for the City of <br />South Bend, Indiana as the final Revolving Loan Fund Plan; <br />BE IT FURTHER RESOLVED, that the City of South Bend, Board of Public <br />Works agrees to follow the terms and provisions of The Plan in the operation <br />of its Economic Development Administration Revolving Loan Fund. <br />ADOPTED this 22nd day of August, 2017, <br />CITY OF SOUTH BEND, <br />BOARD OF PUBLIC WORKS <br />�L4 <br />n" � <br />Gary A. Gilot, President <br />Therese Dorau, Member <br />Suzanna Fritzberg, Member <br />aL L" — <br />Elizabeth Maradik, Member <br />James Mueller, Member <br />ATTEST: <br />4�\qmtbh 04f <br />10 Q-- <br />t-i'tida7M—Martin, Clerk U <br />