HomeMy WebLinkAboutResolution No. 3777A R SO' UTION ESTABLISHING A
COM�'ERC I AL RFC! I T AL I ZAT I ON LOAN TRUST FUNI
THE CITY COUNCIL OF THE CITY TY OF EUGENE FINDS THAT
In order to meet the goals of the City's Commercial Revitoizzati
t oan Program. Early Fi nan i al Settlement revenues des i gnateC for
commerc revitalization loans should be transferred to a separate
trust f unc:.
Bc- IT RESOLVED BY THE CITY COU`IC I L OF TH c CI TY O F EEUG0t+,1 E , a
Music - 1pal Corporation of the Soate of Oregon, as follows:
Secti 1. The Cor-nmerctal Revi zalization Loan Trust Fund is
hereby e staff l i shed.
Sectio 2. The Primary revenue sources for the Com
Revi tal nation Loan Trus&Z. Fund sha i l De from existing Early = : rarcza l
sett funds and I nterest earned thereon.
ser ti or 3 . The. w; j , be :.ised f ' o as s qu ' :Yi r- :. t he
C i ty' s Revi tal "Zd - crn ° oar P rogram.