11-10-10-Resolution-Cultural Education Facilities Finance Corp regarding Clarewood House-11/15/2010RESOLUTION 11-10-10
GANAL COPY
+ R.EAS, the Clarewood House, Inc. wishes to secure tax exempt financing
for their upcoming project;
ItEAS, the City of Sanger has established a Cultural Education Facilities
Finance Corporation to allow such non-profit entities to secure tax exempt financing,
'VV)EIEREAS, securing tax exempt fmancuig does not create any financial
obligation for the City of Sanger;
That the City Council hereby approves financing by the Sanger Cultural Education
Facilities Finance Corporation for the benefit of the Clarewood House, Inc.
PASSED AND APP tOVED by the City Council of the City of Sanger, Texas on this
the 15t" day of November 2010.
ATTEST•
f
k asp' f d g
Tami Taber
City Secretary