BY COUNCILOR GARDNER:
RESOLVED, that the proper city officials are hereby authorized to enter into an agreement substantially in the form of that on file in the office of the city clerk as Public Document No. ______________, with the Historic Union Depot, Inc. (Depot), in an amount not to exceed $151,807, payable from Fund 258-030-5436-03.
STATEMENT OF PURPOSE: This resolution authorizes an agreement with the Historic Union Depot in order to continue the historic, artistic and promotional activities of the Depot. The $160,000, which was allocated by the city council to the Depot for 2008, is being reduced by $8,193 which will be applied to debt service on a previous loan to the Depot. That loan will be fully paid as of the last payment for 2008.