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RESOLUTION <br />FOCUS Loan Extension <br />WHEREAS, the City advanced funds to FOCUS of Charlottesville and <br />Albemarle for start-up funds for its Teensight program, and FOCUS executed an <br />Amended Note for $17,000 on August 5, 1996, with a due date of August 15, 1997; <br />and later extended this loan to June 30, 2000; and June 30, 2001; <br />WHEREAS, the City wishes to again extend the due date on the balance of the <br />loan; now therefore <br />BE IT RESOLVED by the Council of the City of Charlottesville, Virginia that <br />the due date of the above - referenced loan is hereby extended to June 30, 2002. Any <br />additional extensions of this loan shall be conditioned upon execution of an Amended <br />Note by FOCUS to evidence the new terms of its indebtedness. <br />Approved by Council <br />December 3, 2001 <br />arrk of City Co ncil <br />• <br />