RESOLUTION C-96-21, as amended INTRODUCED BY: __ Alsi MEMBERS. RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF EVANSVILLE, INDIANA ON RIVERBOAT REVENUE EXPENDITURE WHEREAS, the Common Counc of the City of Evansville, Indiana recognizes that a riverboat has been operational on the Ohio River since December 1995, and operations are expected to continve through 1996 and subsequent years, and WHEREAS, the City of Evansville, Indiana is projected to receive approximately $8 illo during the twelve months of 1996 in admission and waging taxes and land lease revenues, and. WHEREAS, itis the intent ofthe Common Council ofthe City of Evansville to set direction on how these revenues are to be appropriated, NOW, THEREFORE, BE IT RESOLVED by the Common Council of Evansville, Indiana, 2s follows: ‘SECTION APPROPRIATION DIRECTION The Common Counel intends to appropriate riverboat tx and land lease receipts for special and/or one-time projects, including but not limited to, capital improvements and equipment purchases, storm drainage and street repair projects, economic development, economic revitalization, ‘community development, disaster or emergency situations, establishing a trust fund to benefit future generations, or bond repayments, Inno event shall these revenues be used for oper This Resolution shall be in full force and effect from and after its passage by the Common Council and signing by the Mayor.PASSED BY THE COMMON COUNCIL of the City of Evansville, Indiana, on the 20 day of ity + 1896, and on said day aigned by the President of the Comnén Council and attested by the City Clerk. President, Common C Uicle Meati yt) PRESENTED by me, the undersigned City Clerk of the City of Evansville, Indiana, to the Mayor of said city, this 2/ day of Meg _, 19.Me, at Loteroci AL consideration and action thereon. Fédnaville Indiana ++ for his HAVING EXAMINED the foregoing Resolution, T do now, as Hayor Indiana, approve said Resolution of the said City of Evanavill and return the same to the City Clerk, this 2/ day of tay , rad, at oreisce Pn. 7 Fit thlantll Wayor of the City of Byansville, Indiana APPROVED AS TO FORM: by: Toby D. shaw Corporation CounselCOMMITTEE REPORT Mr President C20-21 Mies b ee following action by council: DO Pass __ DO NOT Pass _ Amendments as follows: