HomeMy WebLinkAbout5007RESOLUTION NO. 5007
A RESOLUTION APPROVING AN APPLICATION TO THE
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
FOR URBAN DEVELOPMENT ACTION GRANT FUNDING,
AUTHORIZING THE CITY MANAGER TO EXECUTE AND
SUBMIT SAME AND TO ACCEPT FUNDING ON BEHALF
OF THE CITY OF PUEBLO IF APPROVED, DESIGNATING
THE CITY MANAGER AS THE CITY'S REPRESENTATIVE
TO ACT IN CONNECTION WITH THE APPLICATION,
AND COMMITTING THE CITY'S SHARE OF THE PROJECT
FUNDING THEREUNDER
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, COLORADO, that:
CFrTTnN 1
The Application to the Department of Housing and Urban Development for
Urban Development Action Grant funding, a copy of which is attached hereto
and made a part hereof by reference, including all the understandings and
assurances contained therein, is hereby approved and the City Manager of the
City of Pueblo be and he hereby is authorized to execute and submit said
Application on behalf of the City. The City Manager is hereby designated
as the City's representative to act in connection with the Application, to
provide such additional information as may be required, and, if the Application
is approved, to accept on behalf of the City said Urban Development Action
Grant funding.
SECTION 2.
The City Council does hereby commit to appropriate as and for the City's
share of the required funding for the public components of the convention
center -hotel project, for which project an Application for Urban Development
Action Grant funding has heretofore been approved, the following funds and
revenues of the City subject however to the approval of said Application and
funding thereunder: (a) 1.1 million dollars out of the City's general fund
surplus - capital improvement fund, (b) .6 million dollars out of the City of
Pueblo's Downtown General Improvement District funds, and (c) 1.2 million
dollars out of the City's allocation of Community Development Funds, $400,000
from each of three entitlement periods, beginning in 1981.
ATTEST:
BY MICHAEL OCCHIATO
COUNCILMAN
APPROVED:
- , VICE
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INTRODUCED JULY 26
, 1982