92-83 RESOLUTION
CONCURRING IN THE ISSUANCE OF INDUSTRIAL REVENUE BONDS BY THE
ILLINOIS DEVELOPMENT FINANCE AUTHORITY ON BEHALF OF
LUNT MANUFACTURING CO. , INC. IN AN AMOUNT
NOT TO EXCEED $6,000,000
WHEREAS, the Illinois Development Finance Authority has
heretofore approved an application to issue industrial revenue
bonds on behalf of Lunt Manufacturing Co. , Inc. in an amount
not to exceed $6, 000,000; and
WHEREAS, Lunt Manufacturing Co. , Inc. will use the
proceeds of the bond issue for the acquisition of land and
construction of a 65,000 square foot manufacturing facility
and the equipping thereof at 1345 Gasket, 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 Lunt Manufacturing Co. , Inc. in an
amount not to exceed $6,000,000 for the acquisition of land
and construction of a 65,000 square foot manufacturing
facility and the equipping thereof at 1345 Gasket, 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: April 8, 1992
Adopted: April 8, 1992
Vote: Yeas 7 Nays 0
Recorded:
Attest:
rft s/ Dolonna Mecum
Dolonna Mecum, City Clerk