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File #: R19-59    Version: 1 Name:
Type: Resolution Status: Agenda Ready
File created: 4/11/2019 In control: Special Meeting
On agenda: 4/15/2019 Final action: 4/15/2019
Title: A RESOLUTION BY TROTWOOD CITY COUNCIL AUTHORIZING THE TROTWOOD COMMUNITY IMPROVEMENT CORPORATION TO CONTINUE ITS FINANCIAL RELATIONSHIP WITH COUNTYCORP TO UTILIZE A REVOLVING LOAN FUND AND REQUEST AN INCREASE IN THE LINE OF CREDIT EFFECTIVE JULY 1, 2019
Attachments: 1. R19-59___Resolution re RLF increase (01012802xA06A8), 2. R19___ Attachment CIC revolving loan fund 2019

 TITLE: Title

A RESOLUTION BY TROTWOOD CITY COUNCIL AUTHORIZING THE TROTWOOD COMMUNITY IMPROVEMENT CORPORATION TO CONTINUE ITS FINANCIAL RELATIONSHIP WITH COUNTYCORP TO UTILIZE A REVOLVING LOAN FUND AND REQUEST AN INCREASE IN THE LINE OF CREDIT EFFECTIVE JULY 1, 2019 

 

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PURPOSE:  Seeking a two (2) year extension

 

DEPARTMENT: Planning & Economic Development

 

CONTACT INFORMATION: Quincy E. Pope, Sr. City Manager

 

INFORMATION: To fund the continued acquisition and stabilization of properties in Trotwood.

 

FISCAL & STAFF IMPACT: $200,000.00

 

RECOMMENDATION:  Approval as submitted.