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
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