Resolution 08-11

In accordance with state law, this resolution authorizes reimbursement to a Bloomington- based corporation, Cook Pharmica, LLC, upon completion of certain approved investments made to their real property located within the City’s Community Revitalization Enhancement District (“CRED”). The total reimbursement will not exceed Two Million Dollars ($2,000,000) and will be made by making annual payments out of the Industrial Development Fund (“IDF”), a non-reverting fund which receives County Option Income Taxes as well as Indiana retail, use, and income taxes generated within the CRED District that exceed a base amount. The IDF supports industrial development and expansion within the CRED District that serves the City of Bloomington