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Appropriating $100,000 A E Pistons Loan Repayments
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Appropriating $100,000 A E Pistons Loan Repayments
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Last modified
11/27/2012 3:12:21 PM
Creation date
11/27/2012 3:12:19 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
11/28/1988
Ord-Res Number
7946-88
Bill Number
112-88
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BILL NO. <br /> ORDINANCE NO. <br /> AN ORDINANCE APPROPRIATING $100,000 <br /> FROM A.E. PISTONS LOAN REPAYMENTS <br /> TO BE USED AS A TRAINING GRANT <br /> TO A.E. PISTONS. <br /> STATEMENT OF PURPOSE AND INTENT: <br /> In order to provide funds for a training grant agreement <br /> entered into on February 11, 1988, this appropriation is necessary. <br /> NOW, THEREFORE, BE IT ORDAINED by the Common Council of the <br /> City of South Bend, Indiana: <br /> SECTION I. The sum of $100, 000 is hereby appropriated from the <br /> Economic Development State Grants fund (fund 210) as set forth <br /> below: <br /> To Amount <br /> A.E. Pistons $100, 000. 00 <br /> SECTION II. No costs will be incurred or funds expended for <br /> any activities in this ordinance unless in accordance with the <br /> Investment Incentive Fund Training Grant Agreement dated February <br /> 11, 1988, between A.E. Pistons, Inc. and the City of South Bend, <br /> Indiana. <br /> SECTION III. This ordinance shall be in full force and effect <br /> from and after its passage by the Common Council and approval by <br /> the Mayor. <br /> Membe of the Common Counci---- <br /> EL:ml/e <br />
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