Resolutions-2010-38 (3)

RESOLUTION 2010- 38 4 A RESOLUTION AUTHORIZING THE USE OF TIF FUNDS FOR FINANCING THE CURRENT AND FUTURE CITY PARK IMPROVEMENTS WHEREAS: the City Council notes that the City Park Improvements Project will create an economic benefit to the City; for current improvements and for future ongoing improvements AND WHEREAS: the area of the park area now known as City Park lies within the existing TIF district in the City; located south of Hwy 6 from 1380 west across Jasper Ave to the western boundary of Public Property owned by the City of Tiffin and which includes Public Property owned and / or will owned by the City of Tiffin south of the railroad. AND WHEREAS, the City Council desires to use TIF funds for payment of the current and future City Park Improvements for Public Use. 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 current and future improvements for Public' Use. 11th On this day of August 2010, at a regular meeting of Tiffin City Council, Tiffin, Iowa,- owa- Council person Mike Gericke introduced 2010- 38 A RESOLUTION AUTHORIZING Council THE USE OF TIF FUNDS FOR FINANCING THE CURRENT AND FUTURE CITY PARK IMPROVEMENTS and made a motion for approval. The motion was seconded by Council person Chris Ball. AYES: Chris Ball, Jim Bartels, Mike Bericke, Mark Petersen, Travis Weigert NAYS: None ABSENT: None WHEREUPON, Five votes approved, Mayor Phillips declared that Resolution 2010- 38 A RESOLUTION AUTHORIZING THE USE OF TIF FUNDS FOR FINANCING THE CURRENT AND FUTURE CITY PARK IMPROVEMENTS be adopted and signified his approval of the, same by affixing his signature thereto. PASSED, AND APPROVED. THIS 11TH DAY OF August 2010. 1i, 1MR Attes r -- Ruth Demuth, City erkbf Tiffin, Iowa