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A RESOLUTION BY THE TROTWOOD CITY COUNCIL AUTHORIZING THE CITY MANAGER TO APPROVE A TRANSFER OF FUNDS TO THE TROTWOOD COMMUNITY IMPROVEMENT CORPORATION TO SUPPORT ECONOMIC DEVELOPMENT ACTIVITIES.
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PURPOSE: Approve transfer of funds
DEPARTMENT: Finance Department
CONTACT INFORMATION: Chris Peeples, Finance Director
INFORMATION: These funds will allow the Trotwood Community Improvement Corporation to stabilize buildings acquired and owned by the CIC, to seed money for construction projects, and to fund the clean-up and preparation of lots and buildings.
FISCAL & STAFF IMPACT: $100,000 to be transferred from the General Fund to the Trotwood Community Improvement Corporation.
RECOMMENDATION: Recommend Approval