HomeMy WebLinkAboutOrdinance #1004
ORDINA~7CE NO. 1 0 0 4
AN ORDINANCE AUTHORIZING AND DIRECTING FUR'IIIER ACTION CONSISTENT WITH
ORDINANCE NO. 1003, ENTITLED: "AN ORDINANCE AUTHORIZING AND DIRECTING
THE ACQUISITION OF THE INTERNATIONAL HARVESTER COD~IPANY'S CANTON PLANT
BY THE CITY OF CANTON"
WHEREAS, the Canton City Council has previously passed Ordinance No.
1003, entitled: "An Ordinance Authorizing and Directing the Acquisition
of the International Harvester Company's Canton Plant by the City of
Canton" ; and,
Wf-iEREA,S, the Canton City Council has determined that it is necessary
and in the best interest of the City of Canton that said Ordinance be
further implemented by making an offer to purchase said plant by the
City.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
CANTON, Fulton County, Illinois as follows:
1. That the Canton City Council hereby finds the foregoing recitals
to be fact.
~ ~
2. That the Mayor is hereby authorized and directed to make a formal,
written offer to purchase the facility and interests identified in Ordinance
No. 1003 on behalf of the City of Canton.
3. That such offer may be made through the City's City Attorney and/or
by the City's special counsel, or, in such other manner as the Mayor may
determine.
4. That the purchase price of such offer shall come from and is hereby
appropriated from a loan fund provided to the City by the Department of
Health and Human Services/Office of Community Services which is in the prin-
~ cipal amount of $1,000,000.00.
5. That any such offer shall be in substantial conformity with those
terms and conditions determined by the City Council in Executive Session
immediately preceeding final action on this Ordinance.
6. That this Ordinance shall be in full force and effect immediately
upon its passage by the City Council of the City of Canton, Fulton County,
Illinois and approved by the Mayor thereof.
PASSID by the City Council of the City of Canton, Fulton County, Illinois
at a special meeting this 28th day of D4arch, 1984, upon a roll call vote as
follows:
AYES: Aldermen Horr, May, Carl, Workman, Sarff, Savill, Hammond.
NAYS: None.
ABSENT: Alderman Kovachevi ch.
APP VED:
t ~C~lc,vzl--.-~t~
Donald E. Edwards, Mayor
ATTEST:
Nan Whites City Clerk