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HomeMy WebLinkAbout2004-36Ordinance 2004-36 Ordinance Amending Ordinance 99-OS UDAG Loan to the Friends of the Pulaski Theatre, LTD. ~) Adopted: December 7, 2004 Effective: December 7, 2004 G ORDINANCE 2004-36 ORDINANCE AMENDING ORDINANCE 99-05 UDAG LOAN TO THE FRIENDS OF THE PULASHI THEATER, LTD. WHEREAS, the Town of Pulaski by past action placed a lien on the former Southwest Times Building in making a UDAG loan/gift to the Friends of the Pulaski Theatre, Ltd.; and WHEREAS, The Friends of the Pulaski Theater, Ltd. are determined to advance the Theatre progress by selling the former "Old Southwest Times Building"; and WHEREAS, the Town Council of the Town of Pulaski has determined it to be consistent with the general welfare of its citizens to release the aforesaid lien on the former Southwest Times Building and to place a like lien on the Theatre Building; and NOW THEREFORE, be it ORDAINED by the Town Council of the Town of Pulaski, Virginia that Ordinance 99-OS is hereby amended and the existing lien on the former Southwest Times Building be released by the Town of Pulaski on the condition that the Friends of the Pulaski Theatre, Ltd. do execute documents creating a like lien on the Theatre Building located on Main Street. This ordinance is adopted and is effective upon adoption this 7th day of December, 2004 by recorded vote as follows: Jeffrey S. Worrell -Aye Lane R. Penn -Aye Dan Talbert, Jr. -Aye John T. Bolen -Aye Bettye H. Steger -Aye Joel B. Burchett, Jr. - Aye_ THE TOWN OF PULASKI, VIRGINIA By: Charles L. Wade, Mayor ATTEST: ~J . . Patricia Cruise, Clerk of Council I, Patricia Cruise, Clerk of Council, certify that the foregoing Ordinance 2004- 36, Ordinance Amending Ordinance 99-OS UDAG Loan to the Friends of the Pulaski Theatre, LTD. is a true and correct copy as adopted by the Pulaski Town. Council at their regular meeting on December 7, 2004. Patricia Cruise, Clerk of Council TGc/ordinance/certification 2004-36