Laserfiche WebLink
• n <br />RESOLUTION <br />Virginia Discovery Museum Loans <br />WHEREAS, by Memorandum of Understanding dated November 30, <br />1989, the City of Charlottesville agreed to loan $50,000 to the <br />Virginia Discovery Museum to defray the costs of renovating the <br />building at 524 E. Main Street for use as a children's museum; and <br />WHEREAS, the loan was made in two installments as follows: <br />Date of Loan Loan Amount Date Due <br />June 18, 1990 $20,000.00 June 18, 1991 <br />August 10, 1990 $30,000.00 August 10, 1991 <br />WHEREAS, the Virginia Discovery Museum has requested a one <br />year extension of the due date for each loan; and <br />WHEREAS, the Virginia Discovery Museum has been successful in <br />attracting families to the downtown mall and providing a high <br />quality educational experience for thousands of children; now, <br />therefore, <br />BE IT RESOLVED by the Council of the City of Charlottesville, <br />• Virginia, that the two loans to the Virginia Discovery Museum <br />referenced above are hereby combined into one loan in the amount of <br />$50,000 with a new due date of June 30, 1992. The City Attorney is <br />directed to draft a promissory note for signature by Virginia <br />Discovery Museum, Inc. under the same terms as the original loans <br />with the exception of the new due date. <br />Approved by Council <br />July 15, 1991 <br />Ce k of City Council <br />9 -6-40 <br />E <br />