CCR1990047COMMON COUNCIL - CITY OF MUSKEG0
RESOLUTION #47-90
A RESOLUTION TO ACCEPT THE WISCONSIN DEVELOPMENT FUND GRANT AWARD
NECESSARY TO COMPLY WITH WISCONSIN DEPARTMENT OF DEVELOPMENT
FOR THE DELTA GROUP, INC., AND TO PROVIDE THE AUTHORIZATIONS
ADMINISTRATIVE REQUIREMENTS
WHEREAS, the Common Council of the City of Muskego adopted
Resolution #7-90 on January 9, 1990, authorizing the preparation and
filing of an application for a Wisconsin Development Fund (WDF)
economic development grant award on behalf of the Delta Group, Inc.,
business start-up project in the City, and
WHEREAS, the City of Muskego was notified on February 16, 1990, that
the Wisconsin Department of Development (DOD) had approved the WDF
economic development grant award for the City, and
WHEREAS, a condition of said grant award is that WDF expenditures be
easily audited through the use of separate checking accounts, and
WHEREAS, a condition of said grant award is that the program income
generated from the business loan be placed in a City of Muskego WDF
revolving loan fund account.
NOW, THEREFORE, BE IT RESOLVED that the Common Council of the City
of Muskego does hereby accept the WDF economic development grant
award for the City of Muskego and authorizes the Mayor and the City
Clerk, on behalf of the City, to enter into a contractual agreement
with the State of Wisconsin for purpose of securing these funds, and
BE IT FURTHER RESOLVED that the Mayor and the City Clerk are
authorized, on behalf of the City, to enter into a contractual
agreement with the Delta Group, Inc., for the purpose of securing
the business loan and establishing the terms for repayment of the
loan, and
BE IT FURTHER RESOLVED that the Mayor and the City Clerk are
authorized, on behalf of the City, to enter into a contractual
Commission (SEWRPC) to provide staff support to the City of Muskego
agreement with the Southeastern Wisconsin Regional Planning
for the administration of the WDF program, and
BE IT FURTHER RESOLVED that the Mayor is authorized, on behalf of
the City, to establish a separate checking account in the name of
the City of Muskego to receive funds from the Wisconsin DOD for the
WDF loan, and
Resolution
Page 2
#47- 90
BE IT FURTHEK RESOLVED that the Mayor, City Clerk and City Treasurer
WDF funds in accordance with the requirements of such grant award
shall be authorized to execute checks for the purpose of disbursing
and in accordance with generally accepted financing and accounting
procedures.
BE IT FURTHER RESOLVED that all program income generated from the
Muskego WDF revolving loan fund account.
Delta Group Inc, WDF loan will be placed in a separate City of
DATED THIS 27th DAY OF February , 1990.
Wayne G. Salentine, Mayor
ATTEST :