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HomeMy WebLinkAbout7529RESOLUTION NO. 7529 A RESOLUTION AUTHORIZING THE EXPENDITURE OF $65,000 FROM THE 1992 SALES AND USE TAB CAPITAL IMPROVEMENT PROJECT FUND TO LAN TECHNOLOGIES, INC. WHEREAS, Lan Technologies, Inc. is in the process of locating their business activities within the Pueblo Memorial Airport Industrial Park; and WHEREAS, Lan Technologies, Inc. through the Pueblo Economic Development Corporation has made application for funds from the 1992 Sales and Use Capital Improvement Project Fund; and WHEREAS, the City Council is willing to approve such application for funds; NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, COLORADO, THAT: SECTION 1 SECTION 2 SECTION 3 The City Council does hereby find and determine that the application for funds from Lan Technologies, Inc. meets and complies with the criteria and standards established by Ordinance No. 5742 and will create employment opportunities justifying the expenditure of public funds. Funds in an amount not to exceed $65,000 are hereby authorized to be expended and made available to Lan Technologies, Inc. out of the 1992 Sales and Use Tax Capital Improvement Fund. This Resolution shall become effective upon final passage. INTRODUCED December 12 BY: JOHN CALIFANO , 1994 Councilperson ATTEST: City Clerk APPROVED: i ent of the Council