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and private partners. This parmership will allow federal funds to cover an <br />estimated $9,000,000 of the $26,000,000 project cost and brings an additional $2- <br />3,000,000 in private funds for office and retail space. <br />BE IT RESOLVED, that the Board of Commissioners hereby authorizes the transfer of up to <br />$459,031 in video lottery funds to the Courthouse Square project. The Director of Community <br />Development is authorized to make an immediate payment of $232,000. The second payment is <br />to made on or before July 1, 1997, based on cash flow needs of both the project and the <br />economic development fund and the third payment is to be made on or about September 1, 1997, <br />if sufficient funds are available to meet all obligations approved by the Board for economic <br />development activities in the county. <br />Dated this _ 12 th day o f Mar ch , 19 9 7 <br />~, - (J~1- ~ <br />G: ~jCc <br />C~.vt}t~ <br />MARION COUNTY BOARD OF COMNIIS RS <br />Chair <br />