Subject: 9859/Appropriation/SportsComm/Wrestling
Date: Tue, 23 Jun 1992 10:20:00 -0500


                              ORDINANCE NO.   9859 
                  
                  
                   AN ORDINANCE AUTHORIZING THE APPROPRIATION
                   OF TEN THOUSAND AND N0/100 DOLLARS
                   ($10,000.00) TO THE GREATER CHATTANOOGA
                   SPORTS COMMITTEE, A 501(C)(3) ORGANIZATION,
                   FOR PARTIAL FUNDING OF THE 1993 WORLD CUP OF
                   FREESTYLE WRESTLING.
                  
                  
                                                    
                  
                  
       	    	 WHEREAS, the Greater Chattanooga Sports Committee 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 partial funding of the 1993 World Cup of
       Freestyle Wrestling in order to bring Chattanooga national and
       international recognition, lure wrestling fans from throughout 
the
       region to the City, and offer a prestigious sports competition 
for
       local citizens to enjoy, which will be matched by a contribution
       from Hamilton County, Tennessee, with other funding to be 
provided
       by private sources.
                                NOW, THEREFORE,
       	    	 BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
       CHATTANOOGA, TENNESSEE, That:
       	    	 SECTION 1.  The sum of $10,000.00 be appropriated to the
       Greater Chattanooga Sports Committee for partial funding of the
       1993 World Cup of Freestyle Wrestling.
       	    	 SECTION 2.  The Budget Ordinance of the City of
       Chattanooga for the fiscal year 1992-1993, Ordinance No. 9764, as 

       amended, shall be amended to include the sum of $10,000.00 which
       shall be payable from the Contingency Fund as an expenditure to
       the Greater Chattanooga Sports Committee for partial funding of
       the 1993 World Cup of Freestyle Wrestling.
       	    	 SECTION 3.  That as a prerequisite of obtaining any
       funds from the City of Chattanooga, the Greater Chattanooga 
Sports
       Committee 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 4.  This ordinance shall take effect two (2)
       weeks from and after its passage as required by law.
      
       PASSED on Third and Final
       Reading March 30, 1993.	     s/s_________________________________
       	    	      	   	     	          CHAIRPERSON
      
       	    	      	   	     APPROVED:   X    DISAPPROVED:_______
      
       	    	      	   	     DATE:  March 31, 1993.
      
      
       	    	      	   	     s/s_________________________________
       	    	      	   	     	       	    MAYOR
       PAN:cjc