CCR1994228COMMON COUNCIL - CITY OF MUSKEGO
RESOLUTION #228-94
APPROVAL OF LOAN FUND PRE-APPLICATION
Spectrum Aluminum Finishing
WHEREAS, the City of Muskego is a participant in the Revolving
Loan Fund (RLF) Plan; and
WHEREAS, a pre-application form must be submitted to the City by
an interested applicant: and
WHEREAS, Spectrum Aluminum Finishing has submitted a
pre-application form requesting a loan in the amount of $45,000;
and
WHEREAS, the Finance Committee has recommended approval.
NOW, THEREFORE, BE IT RESOLVED that the Common Council of the
City of Muskego, upon the recommendation of the Finance
Committee, does hereby approve the pre-application form for
$45,000 submitted by Spectrum Aluminum Finishing.
BE IT FURTHER RESOLVED that the City is receptive to submittal
of formal application by the applicant.
DATED THIS 25TH DAY OF OCTOBER , 1994
SPONSORED BY:
FINANCE COMMITTEE
Ald. Patrick A. Patterson
Ald. David J. Sanders
Ald. Edwin P. Dumke
This is to certify that this is a true and accurate copy of
the City of Muskego.
Resolution #228-94 which was adopted by the Common Council of
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1. Business Name: $XXtrum Aluminum Finishing I IC
Address: W184 58406 Challenger Drive
Muskego, WI. 53150
Contact Person: Larry D. Johnson
Telephone No. : (4141-574-0987
2. Brief Project Description: Hardcoat anodizing is an electro-chemical process
of convirting aluminum to aluminum oxide. This process allows the production
of a thicker wear and corrosion resistant coating on a variety of aluminum alloys
These hard coatings allow the use of aluminum in many design applications
restricted to steel.
3 Source and Use of Funds
a) Land Purchase ..........
b) Building Purchase ......
c) Building Construction . .
d) Building Renovation ....
e) Machinery h Equipment ..
f) Working Capital ........
TOTAL PROJECT COSTS ....
4. RLF assistance Requested
a) Loan Amount
b) heekest Rate (percent)
c) Loan Term (years) ......... 5 Year
2;- $ 45,000.00 ...............
6% ...
4/1/93
5. Source of Privace Debt Filancing
Name : State Financial Bank
Address: 576 W17655 Janesville Road
/
Muskego, WI. 53150
6. Job Creation' and Retencion
New Jobs Retained Jobs
Number Pav Ranee Number Pav Range
Full-rime Jobs ....... 6 $7.00-$13.00 $
Part-time Jobs ....... 2 $5.00-$8.00 $
TOTAL JOBS . . . . . . . 8
7. Date Project Will Begin: November 1994
I hereby cerrify that che information provided above and in rhe ctcached
suppor ing documentat on is to the best of my knowledge true and correct. 15 a
Oct.5th, 1994
Dace
For addicional infonnaeion aboue ehe City of Muskego RLF program. please
concacc che Director of Planning ae (414) 679-4100.
Please submit the RLF application and supporring documencarion to:
Director of Planning
Cicy Hall
VI82 58200 Racine Avenue
P. 0. box 903
Muskego, Wisconsin 53150 . ..
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