HomeMy WebLinkAbout1989-123 Grant for State Recreation Vehicle Account 99
RESOLUTION X123
A Resolution by the City Council of the City of Meridian, Ada County, Idaho,
authorizing the City of Meridian to apply for a Grant from the State Recreational
Vehicle Account.
Further Resolved: That Mayor Grant Kingsford and City Clerk Jack Niemann be
duly authorized to sign applications, grant agreements & amendments, and any
other documents relating to this Grant.
PASSED & adopted by the City Council of the City of Meridian, Ada County, Idaho,
on the 21st day of February, 1989, by the following votes.
AYES
4
ATTEST:
.,
J I , ITY CLERK
Nays 0
SIGNED: ~ '
GRANT P. KINGSFO , YOR
RESOLUTION N0. 124
BY THE COUNCIL: KINGSFORD, MORROW, TOLSMA, GIESLER, AND MYERS
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MERIDIAN, IDAHO,
APPROVING THE ISSUANCE BY THE ECONOMIC DEVELOPMENT CORPORATION
OF THE CITY OF MERIDIAN, IDAHO, OF ITS VARIABLE RATE DEMAND REVENUE
BONDS, (COMPUTROL, INC. PROJECT) SERIES 1989, IN THE AGGREGATE PRINCIPAL
AMOUNT OF $3,500,000 AND APPROVING THE RESOLUTION OF SAID PUBLIC
CORPORATION AUTHORIZING SAID BONDS, INCLUDING THE TRUST INDENTURE,
LOAN AGREEMENT AND RELATED DOCUMENTS: AND PROVIDING AN EFFECTIVE
DATE.
WHEREAS, the City of Meridian, Idaho (the "City), by its Ordinance No. 421,
has approved and authorized the creation of the Economic Development Corporation
of the City of Meridian, Idaho (the "Public Corporation") as a public corporation
of the State of Idaho pursuant to the provisions of Title 50, Chapter 27, Idaho
Code, as amended, (the "Act") to act on behalf of the City to issue nonrecourse
revenue bonds for the purpose of financing the costs of qualified industrial
development facilities within the meaning of the Act; and
WHEREAS, the Public Corporation, by Resolution No. 7 adopted July 26, 1988,
(the "Official Action Resolution") did approve the Application of Computrol,
Inc. (the "Company") for industrial develo0pment financing under the Act to provide
funds for the acquisition, construction and equipping of a microprocessor systems
manufacturing facility located in the City (the "Project") and a copy of said
Application and Resolution has been filed with the City; and