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RESOLUTION NO. 96-1-3 <br /> AN AMENDMENT TO RESOLUTION NO. 85-8-2, <br /> A RE-USE PLAN FOR THE ARKANSAS <br /> COMMUNITY AND ECONOMIC DEVELOPMENT <br /> PROGRAM SET-ASIDE GRANT. <br /> WHEREAS, the original Re-Use Plan was based upon a <br /> repayment schedule from Omega Container, Inc., and <br /> WHEREAS, the industry ceased to exist and there are no <br /> further payments forthcoming, and <br /> WHEREAS, the repaid funds are not sufficient to maintain a <br /> revolving loan program. <br /> NOW, THEREFORE BE IT RESOLVED, that the Batesville City <br /> Council hereby amends the Reuse Plan to utilize the repaid funds to <br /> undertake other eligible Community Development Block Grant <br /> activities that provide benefit to at least 51 percent low and moderate <br /> income person. Such activities may include but not be limited to <br /> water/sewer improvements, street/sidewalk improvements or drainage. <br /> RESOLVED this ' day of <br /> 1996. <br /> Jae B i a rcd, Mayor <br /> ATTEST: <br /> Denise M. Johnston, City Clerk <br /> • <br />