Resolutions-2007-58 (2)

CITY OF TIFFIN RESOLUTION NO. 2007- 58 A RESOLUTION AUTHORIZING THE USE OF TIF FUNDS FOR FINANCING THE ROBERTS FERRY ROAD PROJECT. WHEREAS the City Council notes that the improvement of Roberts Ferry Road will' create an economic benefit to the City; AND WHEREAS, the area of improvement of Roberts Ferry Road lies mostly within the existing TIF district in the City; AND WHEREAS, the Council desires use TIF funds for payment of the Roberts Ferry Road project. NOW THEREFORE, BE IT RESOLVED by the City of Tiffin, Iowa, that the City Council hereby authorizes the use of TIF funds by the City for payment of the Roberts Ferry Road improvement now underway in the City. ON THE loth day of October 2007, at a regular meeting df the Tiffin City Council, Tiffin, Iowa, Councilperson . n; 1 s introduced A RESOLUTION AUTHORIZING THE USE OF TIF FUNDS FOR FINANCING THE ROBERTS FERRY ROAD PROJECT, and made a motion for approval. The motion was seconded by Councilperson Wright Demuth, Wright, Petersen, Dils and Bartels Ayes: Nays: None. Motion carried. WHEREUPON, the Mayor declared that the A RESOLUTION AUTHORIZING THE USE OF TIF FUNDS FOR FINANCING THE ROBERTS FERRY ROAD PROJECT, be adopted and signified his approval of the same by affixing his signature thereto. 10TH PASSED, by the Council on the' day of October 2007, and approved by the Mayor on the 10th day. of October 200. CITY OF TIFFIN: By: i Glenn R. Potter, Mayor ATTEST: -- Ma abet B. Reilrman, Tiffin City Clerk Page 1 of 1 C:\ WINDOWS\ Temporary Internet Files\ OLK6342\ 10. 10. 07 Reso re TIF Payment for Roberts Ferry Rd Project. doc Last printed 10/ 10/ 2007 4: 47 PM kd