The URL can be used to link to this page

Home My WebLink About6027RESOLUTION NO. 6027 A RESOLUTION OF THE CITY COUNCIL OF PUEBLO, COLORADO, AMENDING THE CITY'S COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) FINAL STATEMENT OF OBJECTIVES AND ACTIVITIES TO BE DONE WITH THE USE OF FUNDS MADE AVAILABLE THROUGH A SECTION 108 LOAN GUARANTEE AND AUTHORIZING THE CITY MANAGER TO SUBMIT THE STATEMENT AND OTHER NECESSARY DOCUMENTATION TO THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT TO OBTAIN $1,167,250 FOR THE FOUNTAIN CREEK FLOOD PROTECTION PROJECT - PUEBLO, COLORADO. WHEREAS, the City of Pueblo, hereinafter called City, is designated as an entitlement city under the Housing and Community Development of 1974, as amended through 1986 and WHEREAS, the City has held a public hearing on April 13, 1987, to obtain the views of citizens on the City's housing and community needs ; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, COLORADO, that: Section 1. The City Council hereby declares the City of Pueblo's Community Development Program has been developed so as to give maximum feasible priority to activities which will benefit low- and moderate - income families and /or aid in the prevention or elimination of slums and blight. Section 2. The City Council hereby amends the Community Development Block Grant Final Statement of Objectives and Activities to be done with the use of funds made available through a Section 108 Loan Guarantee, which amendment is attached to and made a part of this Resolution. Section 3. The City Manager is hereby authorized and directed to submit the Final Statement of Objectives and Activities to be done with the use of funds made available through a Section 108 Loan Guarantee, together with other necessary documentation, including the required assurances, to the U.S. Department of Housing and Urban Development for approximately $1,167,250.00 in Federal Community Development Loan Guarantee funds and to affix his signature thereto. INTRODUCED MAY 26 , 1987 BY: KENNETH HUNTER Councilman APP VED: PRES DENT OF COUNCIL ATTEST: Y CITY CLERK N he City of Pueblo DEPARTMENT OF HOUSING AND COMMUNITY SERVICES May 27, 1987 Mr. Paul Webster Department of Housing & Urban Development Financial Management Division 451 7th Street, S.W., Room 7180 Washington, D.C. 20410 Dear Mr. Webster: The enclosed copy of the following documents constitute an amendment to the Section 108 Loan Guarantee in the amount of $1,167,250.00 for the City of Pueblo. The original application was submitted on April 29, 1987. The following documents constitute this application: 1. Revised Standard Form 424 2. Revised Final Statement 3. Resolution Authorizing Submission of Amended Section 108 Loan Application 4. Revised Repayment Schedule Information If you have any questions, please contact Ms. Gladys R. Comi, Director Department of Housing and Community Services, 545 -9870. Yours truly, Lewis A. �ui� ley City Manager LAQ /GC /jb Enclosures #1 City Hall Place P.O. Box 1427 Pueblo, Colorado 81002 -1427 (303) 545 -9870 OUS AlOAVN Ns. ! FEDER ASSIS TANCE '• APM- 0. N=KA L ; � 1N 11P � a -p ult - TTON L T ❑ REAPPtII'ATNM1 APPL.1• L WE Y.rr "@a" Mr IDENTT• h OATS Year mouth le tt_ WN � NKOTION CATION 10 I" AttIf.MED 19 tmww [3 MOT * sip WICATNMI OF I Mff (OFC) Leese E«) 0 Em. OF MulkL ACTION M—k L LEGAL APPLICANT /RECIPIENT L FEDERAL EMPLOYER IDENTIFICATION NO. A. ftownt Rosa : City of Pueblo h. Dwelled"L%lt : Department of Housing & Community L � 1 I4I• I2I lI 8I L &Md&.D. Ma 1 P. 0. Box 1427 Services PR NNN Civ 1 Pueblo ` 0i '�' :P ueblo CRAM h• TITLE (Pram C.D.B.G. /Entitlement Grants /' site 1 Colorado s• OF code* 81003 c oder l Section 108 Loan Guarantee L Ow"M Fans ( Neat Glad s R. Comi • "Mates. N..) — 7. TITLE ANO DESCRIPTION OF APPLICANri PROJECT L TYPE OF APPLICANT/RECIPIENT Miter. R-Co mpwlry Action Ali.uey Fountain Creek Flood Protection Project - Pueblo, ii-4,wu.t. I -xi 14 r.t,.n,l l..t.twtieft C- Erhttet. Idtal.0 Tribe Colorado. 0-DWM (sperifr): The total project consists of the construction Ft el District of levees and flood walls and excavation within 41 p urM" s.t,r."r, kite Q the channel along the Fountain Creek through 9, TYPE OF ASSISTANCE Pueblo, Colorado, from approximately East 14th A+ook Gas' 04s.arase. Street downstream to near th co flue c of a Nrrrl�hl L%d F.-"W Suter aPyro- D-t..a sryw Iette+teJ 1L AREA OF PROJECT IMPACT (Nswu of elti.., eeerNr. 1L ESTINA NU • 1L TYPE OF APPLICATION Jt.i.r. tic.) OF PERSONS A.w C4b Wee E�Aup.nwli.. City of Pueblo, Colorado MEWING 94tonersl D.Caellawlia !later appropriate utter 1S. PROPOSED FUNDING 11. CONGRESSIONAL DISTRICTS OF: IL TYPE OF CHANGE (Par lee or late) s. FmERAL s 1 167,250 .DD A. AIPLIl:A1R ► /�IECT Ml adrNN Del F -Olhr (e soei/r): S- D.n.a.. Dollars Third of Colo. Third of CO D u� ;e«t ►. APPUCAKT to E -0wllstls a STATE .0 1S. PROJECT START 17. PROJECT DATE Yaw -Mona day DURATION later spyro• 1. LDt%IL .0 19 months Win utter a. arKII 6 275 000 .00 D A TE TO Year awt► dew EL ESTIMA r 19. EXISTING FEDERAL IDENTIFICATION NUMBER oo FEDERAL AGENCY ► 19 27 I. urn .00 110. FEDERAL AGENCY TO RECEIVE REQUEST (Ness, Oita. State, UP sale) E1. REMARKS ADDED D Yea 0 No Et, a. To as bast N es IsaNdp W ballot, k M tasaIrrt M OYS Cltswr MOs Wb areliaat1_ all. _ Praaat te le� N. re. Reasasee date w this /rmad1.a11.a /arNinstlp as sOtdcllasa theta).. r syrrsorlate darwa= W all uar.a.ac an aRacaM: gouee attaeA.d THE &n W dtdelatt, $Is Nasal W hall APPLICANT dull arlM.ita+ by Sw parate0 h.4 M A) ❑ ❑ CERTIFIES w app W ti arel ll aF0lwas will slaws K as ❑ ❑ THAT ► oft tm serchd serum• sow � Oak 01 L ES. a. TYPED NAYS MID TITLE L S a. DATE SItUIED CERTIFYING Michael Occhiato, Presiden Your Mona der wmATI of Pueblo City Council 19 87 5 26 JW AGENCY NAME TION PPLICA• Year ones" dart RECEIVED 19 AIL ONOMIZAT1014AL UNIT 17. ADMINISTRATIVE OFFICE SL FEDERAL APPLICATION IDENTIFICATION AL ADDLM IL FEDERAL GRANT IDENTIFICATION SL ACTION TAKEN SL FUNDING raw me" der Yeae mesa br �S o FEO[RAL 6 40 [3 a AWA OED SL ACTION DATE IN 19 DATTE 19 ► AMICMNT 40 SL MACY FOR ADDITIONAL INFORAW OL Year Peat& day >r1wO+N^ (.V"w and $slop"" Mnb►) 0 ► Kum 13 • oiiWINED I" ENDING a. STATE AO DATE 19 MO)IYOYaT 1, LM A0 S7. REMARKS ADDED 0 L umm a. OTHER AD 13 t► lff M 1. 10TML AO Yes ON* 31L 4 M taUaO alien s.tlaa, uar usytsutal nslwl dtalr all• L ASERCY A.M OFF$ 01 CYeMn bM. slow". of deasamt w W "W Papua. al M 1. !YR !Neat eel MMliaaa FOAL AGENCY Nis ben r Y arm A+N ACTION 424 PA" W ltiMtwisi 01 @" Iadard Y Qiw4r FW sMTJCnon ro- atemmm (Pisaw retwou" w pr*w item annaw tn.= sesuem t. Ii or nz. v eppin4h) Section I -7 (Continued) Arkansas River, providing the City with 200 -year flood protection. The lower income residential area on Pueblo's East Side has always been the hardest hit in previous floods. The Section 108 Loan funds would be used as follows: Land Acquisition $ 75,000 Flood Control Structures $ 1,075,000 Loan Costs $ 17,250 $ 1,167,250 Portions of the flood wall will be constructed on land to be acquired with the Section 108 Loan funds. Section I -13 The Federal amount listed is the application for the Section 108 Loan Guarantee. This would also serve as a portion of the applicant's match for the project in the form of land acquisition and flood control structures. The applicant amount listed is for the land acquisition costs and relocation costs. The "other" amount listed is that to be expended by the Army Corps of Engineers. STANDARD FORM 424 PAM 2 (30-M May 26, 1987 CITY OF PUEBLO, COLORADO, COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) REVISED FINAL STATEMENT OF OBJECTIVES AND ACTIVITIES TO BE DONE WITH THE USE OF FUNDS MADE AVAILABLE THROUGH A SECTION 108 LOAN GUARANTEE FROM THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. The City Council of Pueblo, Colorado, proposes to help low and moderate income persons or neighborhoods; to provide jobs for low and moderate income persons; or for clearance of slum and blight. It is anticipated that $1,167,250 in CDBG funds will be received by the City if the loan application is approved. Following is a description of the proposed project: TOTAL PROJECT Fountain Creek Flood Protection Project -- Pueblo, Colorado. The construction of levees and flood walls and excavation within the channel along the Fountain Creek through Pueblo, Colorado, from approximately East 14th Street downstream to near the confluence of the Arkansas River, providing the City with 200 -year flood protection. The lower income residential area on Pueblo's East Side has always been the hardest hit in previous floods. SECTION 108 LOAN The Section 108 Loan funds would be used as follows: Land Acquisition $ 75,000 Flood Control Structures $ 1,075,000 Loan Costs $ 17,250 $ 1,167,250 Portions of the flood wall will be constructed on land to be acquired with the Section 108 Loan funds. In the Fiscal Years 1985 and 1986, CDBG funds were utilized for the following projects: Housing, economic development, streets, water and sewer, parks and clearance or prevention of slum and blight. These activities were in compliance with the Community Development objectives as identified in the final statements prepared for the years mentioned above; they were also in compliance with the national objectives described in the Code of Federal Regulations Book 24, Part 570, Paragraph 901. The City of Pueblo has a Relocation Plan for minimizing displacement of persons actually displaced by such activities. This plan is available to the public for inspection during office hours Monday through Friday in the Department of Housing and Community Services on the third floor of City Hall. Lewis A. Quigley, City Manager 1 City Hall Place Pueblo, Colorado 81003 Telephone: (303) 545 -0561 COMMUNITY nFVFLOPMFNT LOAN PAYMENT SCHEDULF . $191679250 AT 8% OVFR 6 YFARS V /ANNUAL. PAymFNI'S PAYMt: NT UUF MAR V H8 MAR 0 99 MAR 0 90 TOTAL, PAYMENT 2459122.64 272 •358.34 2569795,00 2419231 .67 2259668.34 2109104,98 TNTFPFST PAYMFNT 509SA0983 779ti16.67 6292539:33 469690 900 319126.67 15956;3.33 PRTHrIPAL PAYMFNT 1949541.67 1949541.67 194941.E+7 194,541.67 1949 1949541.65 PklNCTPAL. tHAI_ANCF 97297UR.33 7789166.66 5839624.99 3890)A3,32 -32 194054196'1 MAR 1 91 MAR 9 92 MAR 1 93 TOTAL. INTEREST PAID TOTAL ALL PAYMENTS 2849030,83 1 9451 92AU 983 -0- S/22/A7 INTEREST ON FIRST PAYMENT RASFn UPON RECFIPT OF FUNDS ON AUG 19 1987 ANO FIRST PAYMENT DUE MAR 159 19SP• COMMUNITY nFVF[- OPMFh ►T I..I AN PbrvENT SCNEDIJI -F' $191679250 AT 8% OVER 10 YFAkS W /ANNUAE PAYMFNTS PAYMENT DUE MAR 188 MAR 1 89 MAR 090 MAR 191 MAR 1 92 MAR 1 93 TOTAL PAYMENT 1679305.83 200.767.00 191.429.00 1829091.00 1729753.00 1639415.00 1549077.00 1449739.00 1359401.00 1269063.00 IK►TFP ST PAYMF'NY 509580983 A49042.00 749704.00 659366* 00 969028.00 469690.00 379352.00 28901 199676.00 9 9 335.00 PRINCIPAL PAYMENT 116972 1169725.00 116 972ti* 00 1169725.00 1169725.00 1169725.00 1169725.00 1169725.00 1169725900 116025.no PNINC TPAL RALANrF 1 9 050 9925.00 9339Fs00.00 817 9075, 00 7009350.00 583962r,.UU 4669900.00 :509175.00 2339450.00 11697 ?5.00 -0- MAR 1 94 MAR 1 95 MAR 1 96 MAR 9 97 TOTAL INTEREST PAID TOTAL ALL PAYMENTS 4709790 *83 196389040.83 5/22/87 INTEREST ON FIRST PAYMENT RASFn HPOrf kECFIPT OF FUMOS (1114 AUG 19 1987 AND FIRST PAYMENT DUE; MAR 159 19880