92-33 1:33
RESOLUTION
CONCURRING IN THE ISSUANCE OF INDUSTRIAL REVENUE BONDS BY THE
ILLINOIS DEVELOPMENT FINANCE AUTHORITY ON BEHALF OF
WIN PARTNERSHIP, INC. IN AN AMOUNT NOT TO EXCEED $2,030,000
WHEREAS, the Illinois Development Finance Authority has
heretofore approved an application to issue industrial revenue
bonds on behalf of Win Partnership, Inc. in an amount not to
exceed $2,030,000; and
WHEREAS, Win Partnership will use the proceeds of the
bond issue to construct a 20,000 square foot addition to the
current facility at 1330 Holmes Road, Elgin, Illinois; and
WHEREAS, pursuant to Section 6 of the Illinois
Development Finance Authority Act notice has been submitted to
the corporate authorities of the City of Elgin; and
WHEREAS, it is in the best interest of the City of Elgin
to approve the issuance of revenue bonds as proposed.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF ELGIN, ILLINOIS, that it hereby approves the issuance
by the Illinois Development Finance Authority of industrial
revenue bonds on behalf of Win Partnership, Inc. in an amount
not to exceed $2,030,000 for the purpose of constructing a
20, 000 square foot addition to the current facility at
1330 Holmes Road, Elgin, Illinois .
BE IT FURTHER RESOLVED that the City Clerk be and is
hereby authorized and directed to cause a certified copy of
this resolution to be mailed to the Illinois Development
Finance Authority.
s/ George VanDeVoorde
George VanDeVoorde, Mayor
Presented: February 12, 1992
Adopted: February 12, 1992
Vote: Yeas 7 Nays 0
Recorded:
Attest:
s/ Dolonna Mecum
Dolonna Mecum, City Clerk