Resolutions-2010-34 (3)

RESOLUTION 2010- 34 A RESOLUTION AUTHORIZING THE SPECIAL FUNDING FOR 2010 TIFFINFEST WHEREAS: the City Council Has reviewed the need for approval of special funding for the 2010 Tiffinfest. AND WHEREAS: the City Council has approved the special funding for the 2010 Tiffinfest as a loan to be paid to the City of Tiffin out of net profits°of the Tiffinfest` and upon the discovery that net profits do not exist then said loan will be a -forgivable loan of the Tiffinfest committee. NOW THEREFORE, BE IT RESOLVED by the City of Tiffin, Iowa, that the City Council hereby authorizes the Mayor and City Clerk to issue a check for the amount of $ 10, 000 to be deposited in the Tiffinfest account. 9 On this 10th day of July 2010, at a Special Meeting of Tiffin City Council, Tiffin, Iowa, -Council person Chris Ball introduced Resolution 2010- 34 A RESOLUTION AUTHORIZING THE SPECIAL FUNDING FOR 2010 TIFFINFEST and made a motion for approval. The motion was seconded by Council person Mark Petersen. AYES: Jim Bartels, Chris Ball, Mark Petersen NAYS: -None ABSENT: Mike Gericke, Travis Weipert WHEREUPON, three votes by City Council approved Resolution 2010- 34, Mayor Phillips declared that Resolution 2010- 34 be adopted and signified his approval of the same by affixing his signature thereto: PASSED, AND APPROVED THIS 10th DAY OF JULY 2010. C' f Tiffin 4 r." R y e Ph lips, Ma r f Tiffin, Iowa A o: Ruth emuth, City Clerk of Tiffin, Iowa