Subject: 9610/Nation.Spts.Fishing Center
Date: Mon, 4 Jun 1990 17:11:00 -0500


        
        
                                ORDINANCE NO. 9610
        
                   AN ORDINANCE AUTHORIZING THE APPROPRIATION OF
                   FIFTEEN THOUSAND AND NO/100 ($15,000.00)
                   DOLLARS TO PARTNERS FOR ECONOMIC PROGRESS,
                   INC., A 501(C)(3) CHARITABLE ORGANIZATION FOR
                   FUNDING OF NATIONAL SPORT FISHING TOURNAMENTS
                   WITHIN THE CITY OF CHATTANOOGA IN ORDER TO
                   PROMOTE LOCAL TOURIST INDUSTRY.
                  
                          ______________________________
        
              	   WHEREAS, Partners for Economic Progress, Inc. is a
         non-profit charitable organization organized for the purpose of 

         promoting local business and to promote the City of Chattanooga 

         as a local tourist attraction; and
              	   WHEREAS, the Partners for Economic Progress, Inc. is a 

         non-profit charitable organization qualified under Section 501
         (c)(3) of the Internal Revenue Code of 1954, as amended; and
              	   WHEREAS, it is in the interest of the common good and
         general welfare of the Citizens of the City of Chattanooga that 

         funds be provided for the funding of national sports fishing
         tournaments within the City of Chattanooga in order to promote
         the local tourist industry which will be matched by
         contributions from Hamilton County, Tennessee and RiverCity
         Company for the B.A.S.S. Megabucks and Bass n' Gals Classic
         fishing tournaments within the Chattanooga area.
                             	  NOW, THEREFORE,
              	   BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
         CHATTANOOGA, TENNESSEE, That:
              	   SECTION 1.  The sum of Fifteen Thousand and No/100
         ($15,000.00) Dollars be appropriated to Partners for Economic
         Progress, Inc. for the partial funding of the B.A.S.S. 
Megabucks
         and Bass n' Gals Classic fishing tournaments within the
         Chattanooga area which are conducted in order to promote the
         local tourist industry in this area.  Such funds shall be
         payable from the Contingency Fund of the City of Chattanooga.
              	   SECTION 2.  BE IT FURTHER ORDAINED that the Budget
         Ordinance of the City of Chattanooga for the fiscal year
         1991-1992, Ordinance No. 9585, as amended, shall be amended to
         include the sum of $15,000.00 which shall be payable from the
         Contingency Fund as an expenditure to Partners for Economic
         Progress, Inc. for funding of B.A.S.S. Megabucks and Bass n'
         Gals Classic fishing tournaments.
              	   SECTION 3.  BE IT FURTHER ORDAINED, that this
         Ordinance shall restrict any appropriation of funds to be used
         for the purpose of maintaining and increasing employment
         opportunities in the City of Chattanooga by promoting industry, 

         trade, commerce, tourism and recreation and by inducing
         manufacturing, industrial, governmental, educational, 
financial,
         service, commercial, recreational and agricultural enterprises
         to locate in or remain in the City of Chattanooga or to locate
         nearby in order to provide jobs for residents for the City of
         Chattanooga in accordance with the guidelines set forth within
         Chattanooga City Code, Section 2-326.
              	   SECTION 4.  BE IT FURTHER ORDAINED, that as a
         prerequisite of obtaining any funds from the City of
         Chattanooga, Partners for Economic Progress, Inc. shall file
         with the Mayor and City Clerk a copy of its annual report of 
its
         business affairs and transactions including its annual audit,
         its program of benefit to the residents of the City of
         Chattanooga and its proposed usage of municipal assistance 
which
         can be reviewed by the public prior to the expenditure of any
         funds.
              	   SECTION 5.  BE IT FURTHER ORDAINED, that this
         Ordinance shall take two (2) weeks from and after its passage 
as
         required by law.
        
        
         PASSED on Third and Final
        
         Reading Sept. 3, 1991 	       
_/s/______________________________
              	   	     	       	          CHAIRPERSON
        
              	   	     	       APPROVED: ______ DISAPPROVED:_____
        
              	   	     	       DATE:___________ ___, 1991.
        
              	   	     	       _/s/______________________________
              	   	     	       	    	     MAYOR
        
         PAN:jrm