61.01 Purpose
61.01 PURPOSE
The economic development plan for the City of Richmond, Indiana, adopted the 16th day of January, 1984, in amended Resolution No. 1-1984, stated in Section 5 that the plan will include a self-supporting economic development revolving fund established for two purposes:
(a) To provide a local non-tax dollar source of funds necessary for the administrative and professional aspects of economic development and,
(b) To provide necessary monies to assist with the location of new business and industry and expansion of existing business and industry.
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