AN ORDINANCE AUTHORIZING THE ENTERING INTO OF A CONDITIONAL
PROJECT EXPENDITURE AGREEMENT OF THE CITY OF BLOOMINGTON,
INDIANA (MERIDIAM PROJECT), AND THE DISPOSITION OF THE PROCEEDS
THEREOF TO MERIDIAM, AND AUTHORIZING AND APPROVING OTHER
ACTIONS IN RESPECT THERETO
This Ordinance approves the issuance of a Conditional Project Expenditure Agreement in
order to facilitate the expansion of high speed fiber in the City, in order to (i) promote significant
opportunities for gainful employment of its citizens, (ii) attract a new major business enterprise
to the City, and (iii) retain and expand significant business enterprises existing in the boundaries
of the City.