City of Rock Hill - File #: 10-0056

• File #: 10-0056
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 4/21/2010
• In control: City Council
• On agenda: 5/24/2010
• Final action: 5/24/2010
• Title: An Ordinance providing for the issuance and sale of Tax Increment Bonds (Textile Corridor Redevelopment Projects) of the City of Rock Hill, South Carolina, prescribing the form of bonds; providing for the payment of the bonds from the sources provided herein; creating certain funds and providing for payments into such funds; and making other covenants and agreements in connection with the foregoing.

Date	Ver.	Action By	Action	Result
5/24/2010	1	City Council
5/10/2010	1	City Council

Title

An Ordinance providing for the issuance and sale of Tax Increment Bonds (Textile Corridor Redevelopment Projects) of the City of Rock Hill, South Carolina, prescribing the form of bonds; providing for the payment of the bonds from the sources provided herein; creating certain funds and providing for payments into such funds; and making other covenants and agreements in connection with the foregoing.

Body

This ordinance provides authorization for the issuance of Tax Increment Bonds in the Textile Corridor.  The general bond ordinance is a master ordinance that outlines the use of proceeds and sources of funds for repayment of the debt.