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• <br />h14:2;1*74 411?x* *M <br />BE IT RESOLVED by the Council of the City of Charlottesville, <br />Virginia, that the sum of $100,000 is hereby appropriated from the <br />unappropriated balance of the General Fund and made available to <br />the Charlottesville Industrial Development Authority (CIDA), on a <br />"line of credit" basis. Each drawdown from the line of credit <br />account will be accompanied by a note or bond, in form approved by <br />the City Attorney, from the CIDA to the City. All funds withdrawn <br />by CIDA under this appropriation shall be repaid by CIDA, with <br />interest at an annual rate equal to the rate being earned by the <br />City Treasurer on the short term investment of City funds on the <br />date the note is signed, within thirty days (30) of final <br />reimbursement from the Virginia Department of Transportation for <br />• the costs of construction of the industrial access road for the <br />National Optronics project. <br />Approved by Council <br />September 6, 1994 <br />erk of City Council <br />0 <br />