HomeMy WebLinkAbout02-290.docAUGUST 13, 2002 02-290 RESOLUTION
(CARRIED 6-0
LOST LAID OVER WITHDRAWN
PURPOSE:
ESTABLISH ACCOUNT FOR ACCEPTING CHARITABLE
DONATIONS FOR DOWNTOWN LOW INTEREST LOAN POOL
INITIATED BY: DEPARTMENT OF COMMUNITY DEVELOPMENT
WHEREAS, the City Council adopted the Downtown Action Plan in October,
2000; and
WHEREAS, the Downtown Action Plan recommended the community "Maximize
Economic Development and Land Use Opportunities Within Downtown Oshkosh and
Along the Fox River; and
WHEREAS, the Downtown Action Plan further recommended the community
"Establish Mechanisms to Make Plans Happen;" and
WHEREAS, the Downtown Action Plan recommended the community "Create
and strengthen public/private partnerships to facilitate development;" and
WHEREAS, the Downtown Action Plan identified the establishment of a Iow
interest loan pool as an action that will assist in implementing recommendations in the
Plan; and
WHEREAS, the establishment of an account by the City of Oshkosh Department
of Finance for accepting charitable donations for a downtown Iow interest loan pool will
assist the community in implementing the Downtown Action Plan; and
WHEREAS, the Oshkosh Commercial Development Corporation has been
working on creation of a Iow interest revolving loan fund; and
WHEREAS, it is proposed the City enter into an agreement with the Oshkosh
Commercial Development Corporation (OCDC), wherein the City will transmit
charitable donations it receives to OCDC, with said funds to be utilized to assist with
business development in Downtown Oshkosh.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
Oshkosh that the Department of Finance is authorized to establish an account for
accepting charitable donations for a downtown Iow interest loan pool and the proper
City officials are authorized to enter into an agreement with OCDC so that donated
funds can be transmitted to OCDC for the purpose of establishing a Iow interest loan
pool to assist with business development in Downtown Oshkosh.