HomeMy WebLinkAbout10-69 RESOLUTIONRESOLUTION 10-69
A RESOLUTION APPROVING AND ACCEPTING AN OFFER OF A GRANT OF $484,800 FROM THE
ECONOMIC DEVELOPMENT ADMINISTRATION AND THE OZARKS REGIONAL COMMISSION TO BE
USED FOR THE DEVELOPMENT OF AN INDUSTRIAL PARK IN THE CITY OF FAYETTEVITXN,
ARKANSAS.
WHEREAS, The City of Fayetteville, Arkansas, has previously applied for
Federal assistance to aid in the development of an industrial park, including
access roads, railspur, grading, and related drainage, sewer, and waterworks,
and
WHEREAS, by letter from Ross D. Davis, Assistant Secretary of Commerce,
Washington, D. C., dated February 13, 1969, the City of Fayetteville has received
an offer of a grant of $484,800 for application toward said project, and
WHEREAS, the Board of Directors of the City of Fayetteville has given its
due consideration to the terms of said offer of grant and has found it is in
the best interest of the City of Fayetteville to execute same.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
Section 1. That the offer of a grant of $484,800 from the Economic
Development Administration and the Ozark Regional Commission, to be used for
the development of an Industrial Park in the City of Fayetteville, Arkansas,
is approved and accepted in all respects.
Section 2. That the Mayor and City Clerk are hereby authorized to execute
an acceptance of said offer of grant, and the City Clerk is authorized to return
the executed instrument to the Economic Development Administration.
Section 3. That this resolution shall take effect immediately.
PASSED AND APPROVED this
ATTEST:
/N�4RILYN �IOORE
•
1% �% day of February, 1969.
APPROVED:
Nato ERK
CI Y CLERK
AR VD Mfl TON, JR., rr 4-