A RESOLUTION AUTHORIZING VILLAGE FUNDS TO ESTABLISH A GRANVILLE SENIOR FOUNDATION
WHEREAS, the Senior Citizens of the Village of Granville, Ohio desire to create and establish a Granville Senior Foundation to be managed by the Columbus Foundation and to provide and maintain senior citizen services and facilities in Granville, Ohio; and
WHEREAS, A Senior Foundation shall be appointed and organized by December 31, 2004; and
WHEREAS, the Council of the Village of Granville is desirous of supporting the establishment of this Granville Senior Foundation.
WHEREAS, the Senior Foundation shall be appointed by Council on the recommendation of the Senior Committee.
NOW, THEREFORE, BE IT RESOLVED by the Council of the Village of Granville, Ohio, a majority of the elected members concurring, that:
Section I: The Village Council hereby approves and hereby authorizes the payment of $10,000 from the 2004 Budget to the Granville Senior Foundation upon its establishment for the purposes of providing and maintaining senior citizen services and facilities in the Village of Granville.
Section II: The Granville Senior Foundation shall begin repaying the initial $10,000, at no interest to the Village of Granville, beginning December 31, 2020.
Section III: This Resolution shall take effect immediately upon passage.