Title
Approve NMTC Reservation Letter
Summary
Description of Topic: (who, what, where, when, why and how much)
A resolution to authorize the Mayor to sign the New Market Tax Credit reservation letter for the Event Center and to authorize the associated funding for professional services fees.
Body
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama, as follows:
SECTION 1: Authorizes the Mayor to sign the New Market Tax Credit reservation letter for the Event Center and to authorize the associated funding for professional services fees.
SECTION 2: This Resolution shall become effective immediately upon its adoption as required by law.