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REVOLVING LOAN FUND - TDOC
~RESOLUTION NO. R88-226
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PLAINVIEW, TEXAS, REPEALING RESOLUTION NO. R88-203,
ESTABLISHING A REVOLVING LOAN FUND POLICY FOR
ECONOMIC DEVELOPMENT IN ACCORDANCE WITH TEXAS
DEPARTMENT OF COMMERCE GUIDELINES.
Whereas, on October 25, 1988, the City Council adopted and
submitted to the Texas Department of Commerce a proposed Revolving
Loan Fun~ Policy; and
Whereas, the Texas Department of Commerce subsequently rejected
said policy; and
Whereas, a revised Revolving Loan Fund Policy is attached and
hereby made a permanent part of this Resolution.
~ Now, Therefore, Be It Resolved by the City Council of the City
of Plainview, Texas, that Resolution No. R88-203, is hereby repealed.
Now, Therefore, Be It Further Resolved that a Revolving Loan
Fund Policy for economic development promotion is hereby established,
with a copy of such attached to this Resolution.
Passed and approved December 27, 1988. /Z~~.'~ J~., ~ /
E.V. Ridlehuber, Mayor
ATTEST:
Carla Reese, City Secretary
APPROVED AS TO CONTENT:
man Hugging, ~ireetor of Finance
APPROVED AS TO FORM:
David Blackburn, City Attorney