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(W <br /> PURPOSE OF AMENDMENT <br /> The City of Batesville Re-Use Plan for AIDC Grant Number <br /> 790-00552 requires an amendment for the following reason: <br /> A loan of $225,000 was made to Omega Containers Batesville, <br /> Inc. to be repaid over ten years at 6%. After two payments, the <br /> company ceased operation and defaulted on the loan. <br /> The Re-Use Plan no longer presents a useable plan for the <br /> use of the repayments. This amendment provides the mechanism to <br /> utilize the reduced amount of funds that are available. <br />