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<br />RESOLUTION NO. 98-113 <br /> <br />WHEREAS, the Paris Economic Development Corporation (PEDC) did heretofore, on the <br />10th day of July, 1998, in Resolution No. 98-0 10, authorize the process of borrowing approximately <br />$4,000,000.00 from local lending institutions; and, <br /> <br />WHEREAS, the City Council of the City of Paris did heretofore, on the 13th day of July, <br />1998, by Resolution No. 98-101, approve said PEDC Resolution No. 98-0 10 and did further approve <br />the project and the commitment letter between PEDC and Paris Packaging, Inc., and did authorize <br />and direct the officers and employees of the City of Paris to do any and all things necessary in order <br />to accomplish the execution of the loan; and, <br /> <br />WHEREAS, the PEDC did heretofore, on the 13th day of July, 1998, in Resolution No. 98- <br />011, authorize the loan of $4,000,000.00 to Paris Packaging, Inc.; and, <br /> <br />WHEREAS, it is deemed appropriate that the City of Paris certify to the facts regarding this <br />project to the best of its knowledge by General Certificate in the form attached hereto as Exhibit A, <br />and the Mayor should be authorized to execute the same; NOW, THEREFORE, <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS; that the <br />Mayor of the City of Paris, Charles H. Neeley, be, and he is hereby, authorized and directed to <br />execute, on behalf of the City of Paris, the General Certificate in the form of Exhibit A, attached <br />hereto. <br /> <br />PASSED AND ADOPTED this 10th day of August, 1998. <br /> <br />A TTES1: <br /> <br /> <br />~~~~\lN~_~MJ <br /> <br />Mattie Cunningham, City Clerk <br /> <br />APPROVED AS TO FORM: <br /> <br />s~kCu <br /> <br />Scott P. Foster, City Attorney <br />