HomeMy WebLinkAbout7627RESOLUTION NO. 7627
A RESOLUTION ACCEPTING AND AFFIRMING THE CITY OF PUEBLO'S
INTENTION TO USE THE FINANCIAL ASSISTANCE AWARD FOR PROJECT
NO. 05 -01 -02760 FROM THE ECONOMIC DEVELOPMENT ADMINISTRATION
IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF THE AWARD AND
AUTHORIZING THE PRESIDENT OF THE CITY COUNCIL TO EXECUTE SAME
WHEREAS, City Council Resolution No. 7590 approved an application for $1.5
million submitted to the Economic Development Administration (EDA) for the Pueblo
Municipal Parking Structure and designating the City Manager as the City's
representative to act in connection with the application; and
WHEREAS, City Council Ordinance No. 5961 approved the financing of the
acquisition, construction and equipping of a parking facility and the authorization
and approval of a ground lease agreement, a lease purchase and sublease agreement, a
mortgage and indenture of trust, a certificate purchase agreement, a private
placement memorandum and other related documents and actions in connection with
issuance of certain Certificates of Participation in an aggregate principal amount
not to exceed $1,220,000; and
WHEREAS, the City of Pueblo, Colorado Municipal Building Corporation, a
Colorado nonprofit corporation and the lessor of the Pueblo Municipal Building
Structure under lease with the City of Pueblo has joined in the application for $1.5
million submitted to the Economic Development Administration for the Pueblo
Municipal Parking Structure, as co- applicant; and
WHEREAS, on April 28, 1995, the City received notice from the Economic
Development Administration of an approved Financial Assistance Award in an amount
not to exceed $1.5 million for the construction of a municipal parking facility,
Project No. 05 -01- 02760; NOW THERFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PUEBLO, COLORADO, that:
SECTION 1:
The City accepts and affirms its intention to use the Financial Assistance
Award to the City of Pueblo and the City of Pueblo, Colorado Municipal building
Corporation, as co- applicants from the Economic Development Administration, Project
No. 05 -01- 02760, for a municipal parking facility in accordance with the terms and
conditions of the award.
SECTION 2:
The City certifies that the non - federal share of the project costs is
committed and is available as needed for the project from the issuance of
Certificates of Participation, pursuant to Ordinance No. 5961 and the Indenture, in
an aggregate principal amount not to exceed $1,220,000, and that the non - federal
share is from sources which can be used as match for the EDA project and that the
non - federal share will not affect ownership of, or title to, the project facilities.
SECTION 3:
The President of City Council is hereby authorized to execute the Financial
Assistance Award in the name of and behalf of the City.
INTRODUCED: May 8, 1995
BY: John Califano
COUNCIL PERSON
Z R ED: 2kp_'ae%�
PRESIDENT OF THE CITY COUNCIL
ATTEST
A(_+; 5 C Y CLERK
row W450 U.S. DEPARTMENT OF COMMERCE
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® GRANT ❑ COOPERATNE AGREEMENT
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FINANCIAL ASSISTANCE AWARD
ACCOUNTING CODE
RECIPIENT NAME
AWARD NUMBER
City of Pueblo
05 -01 -02760
RECIPIENT NAME
City of Pueblo Colorado Municipal Building Corporation
STREET ADDRESS
FEDERAL SHARE OF COST
No. 1 City Hall Place
$1,500,000
CITY, STATE ZIP CODE
RECIPIENT SHARE OF COST
Pueblo, Colorado 81003
$1,120,360
AWARD PERIOD
TOTAL ESTIMATED COST
From date of approval to months after approval
$2,620,360
DEPARTMENT OF COMMERCE OPERATING UNIT
Economic Development Administration
AUTHORITY (42 U.S.C. 3121, et. seq.)
Public Works and Economic Development Act of 1965, as amended
PROJECT TITLE:
Construction of a municipal parking facility in the City of Pueblo
This Award approved by the Grants Officer is issued in duplicate and constitutes an obligation of Federal funding. By
signing the two documents, the Recipient agrees to comply with the Award provisions checked below. Upon acceptance
by the Recipient, one signed Award document shall be returned to the Regional Director and the second document shall
be retained by the Recipient. If not signed and returned by the Recipient within 15 days of receipt, the Grants Officer
may declare this Award null and void.
® EDA Standard Terms and Conditions -- Construction Program, dated August, 1994
® Special Award Conditions
® Line Item Budget
® 15 CFR Part 24, Uniform Administrative Requirements for Grants and Cooperative Agreements to State and Local
Governments
® OMB Circular A -87, Cost Principles for State and Local Governments
® 15 CFR Part 29a, Audit Requirements for State and Local Governments
❑ OMB Circular A -110, Grants and Agreements with Institutions of Higher Education, Hospitals, and Other Nonprofit
Organizations Uniform Administrative Requirements
❑ OMB Circular A -122, Cost Principles for Nonprofit Organizations
❑ OMB Circular A -21, Cost Principles for Educational Institutions
❑ 15 CFR Part 29b, Audit Requirements for Institutions of Higher Education and Other Nonprofit Organizations
❑ 48 CFR Part 31, Contract Cost Principles and Procedures
❑ Other(s):
SIGNATURE OF QPRARTMENT OF COMMERCE GRANTS OFFICER
TITLE
DATE
�V� �V
April 27, 1995
Regional Director
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FOWCM450 U.S. DEPARTMENT OF COMMERCE
PAGE 2
IREV 10 -93)
DOA 203.26
FINANCIAL ASSISTANCE AWARD
TYPED NAME AND SIGNATURE OF AUTHORIZED RECIPIENT OFFICIAL
TITLE
DATE
PRESIDENT
PUEBLO CITY COUNCIL
MAY 8, 1995
TYPED NAME AND SIGNATURE OF AUTHORIZED RECIPIENT OFFICIAL
TITLE PRESIDENT
DATE
CITY OF PUEBLO, COLORADO,
MUNICIPAL BUILDING CORP.
MAY 8, 1995