Laserfiche WebLink
• <br />• <br />• <br />RESOLUTION <br />REPAYMENT OF INTERIM LOAN OF S2,400,000 <br />MADE BY STRATEGIC INVESTMENT ACCOUNT FOR STRATEGIC PLANNING <br />WHEREAS, by Resolution adopted June 7, 2004, City Council approved and authorized <br />a loan of $2,400,000 from the Department of Economic Development's Strategic Investment <br />Account for Strategic Planning to the Charlottesville Industrial Development Authority for the <br />Downtown Amphitheater Project; and <br />WHEREAS, the City desires to restore the balance loaned to the Strategic Investment <br />Account for Strategic Planning and to fund the original loan of $2.4 million, under the same <br />terms, from the City's Capital Projects fund balance; <br />NOW, THEREFORE, BE IT RESOLVED that the sum of $2,400,000 is hereby <br />transferred from the unappropriated balance of the Capital Projects Fund and reappropriated to <br />the Department of Economic Development's Strategic Investment Account for Strategic <br />Planning. <br />Approved by Council <br />November 15, 2004 <br />