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HomeMy WebLinkAboutMatrix Industrial Systems Economic Development Loan Project236 RESOLUTION WHEREAS, the City of Paducah, Kentucky has determined that it is in the best interest of the citizens of Paducah, Kentucky, to submit an application for a forgivable loan to the Kentucky Economic Development Finance Authority (KEDFA) for an E.D.B. grant for the Matrix Industrial Systems Economic Development Loan Project. BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE CITY OF PADUCAH, KENTUCKY: SECTION 1. That the submission of an application for Kentucky Economic Development Finance Authority (KEDFA) grant funds not to exceed $500,000 is hereby authorized. The project will foster industrial development and create jobs. SECTION 2. That the Mayor of the City of Paducah, Kentucky, is authorized to sign the grant application, statement of assurances and any and all other documents necessary for the submission of the application and development of the prod ect. ,.w ~~ AT EST: Tammara S. Brock, City Clerk Adopted by Board of Commissioners, Apri18, 2008 Recorded by Tammara S. Brock, City Clerk, Apri18, 2008 ~resoln~natrix industrial-petcoke