HomeMy WebLinkAboutR89-106014
REVOLVING LOAN FUND - TT)OC
RESOLUTION NO. R89-106
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PLAINVIEW, TEXAS, AMENDING RESOLUTION NO. R88-226,
ESTABLISHING A REVOLVING LOAN FUND POLICY FOR
ECONOMIC DEVELOPMENT IN ACCORDANCE WITH TEXAS
DEPARTMENT OF COMMERCE GUIDELINES.
Whereas, on December 27, 1988, the City Council adopted and
submitted to the Texas Department of Commerce a proposed
Revolving Loan Fund 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. R88-226, is hereby
amended.
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 January 24,~~.,~~~~
E.V. Ridlehuber, Mayor
ATTEST:
Carla Reese, City Secretary
Norman Hugging,r ~'~or of Finance
APPROVED AS TO FORM:
David Blackburn, City Attorney