Subject: 19902/StadiumCommitment/ACOG/96OlympicGames
Date: Tue, 13 Jul 1993 09:55:44 -0500


                             RESOLUTION NO.   19902 
                  
                  
                   A RESOLUTION TO AUTHORIZE THE MAYOR TO SIGN
                   A LETTER TO BE SENT TO THE ATLANTA COMMITTEE
                   FOR THE OLYMPIC GAMES ("ACOG"), DECLARING
                   THE COMMITMENT OF THE CITY OF CHATTANOOGA TO
                   PARTICIPATE IN THE DEVELOPMENT OF THE
                   TENNESSEE PRELIMINARY SOCCER COMPETITION OF
                   THE 1996 OLYMPIC GAMES.
                  
                  
                                                    
                  
                  
       	    	 WHEREAS, the 1996 Olympic Games will be hosted by the
       ACOG in Atlanta, Georgia, with preliminary events also being
       hosted in other southeastern communities; and
       	    	 WHEREAS, representatives of Chattanooga and Hamilton
       County, and other interested parties, have met with ACOG for
       designation as an Olympic Games host community, it is necessary 
to
       commit, along with Hamilton County, the University of Tennessee 
at
       Chattanooga, and the State of Tennessee, and the private sector 
to
       the construction of a facility adequate for this purpose; this
       commitment must be made no later than July 14th; and
       	    	 WHEREAS, the ACOG will make a binding decision on or
       before September 1, 1993; and
       	    	 WHEREAS, this governing body has received and reviewed a
       proposal to develop a stadium facility ("the Tennessee
       Bicentennial Stadium" or "TBS") which will meet or exceed ACOG
       criteria; and
0C
       	    	 WHEREAS, the development of the TBS will create a
       positive economic impact upon the City, over $6,500,000 of which
       would be generated during the competition, and in addition
       thereto, the creation of at least 200 construction and long-term
       employment opportunities thereafter; and
       	    	 WHEREAS, the development of the TBS will also meet
       present and long-term community needs beyond the 1996 Olympics;
       	    	 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
       THE CITY OF CHATTANOOGA, TENNESSEE, That, for the purposes stated 

       above, we do hereby authorize the Mayor to sign a letter to the
       ACOG, expressing the commitment of the City of Chattanooga
       government to participate with Hamilton County, Tennessee, the
       University of Tennessee at Chattanooga, the State of Tennessee,
       the private sector, and the as yet to be designated Stadium
       Operating Committee in the development of a stadium facility
       sufficient for hosting the preliminary events of the 1996 Olympic 

       soccer games, with said total funding for said stadium to be at
       levels no greater than those reflected in Resolution No. _______, 

       as adopted by this Council on July 13, 1993.
      
       ADOPTED:	 July 13, 1993
      
       RLN:cjc