HomeMy WebLinkAboutCC Reso No 1980-17K~
n I11'.iOLll'I'lON UI~' 'I'II P; UL'l'1' I;UUNCII~
or 'rul~: c.l'rY (>1~' l.,nlcl, 1s1.,51NC~xl
AU'P11OkIZING 'P11E CITY MANAGliIt
TO ENTER INTO AN AGREEMENT WITH TIIE
STATE OF CALIFORNIA OFFICE OF LOCAL
P:CONOMIC DEVELOl>MENT OI' TFIE DEPARTMENT
OF ECONOMIC AND BUSINESS DEVELOPMENT
TO PREPARE A HUD URBAN DEVELOPMENT
ACTION GRANT APPLICATION
__ _
RESOLUTION N0. 80-17
W11liRLAS, the City of Lake Elsinore is eligible for grant
funding under the Urban Development Action Grant (UDAG)
program of the U.S. Department of Housing and Urban Develop-
ment; and
WHEREAS the State of California, Department of Economic
and Business Development, Office of Local Economic Develop-
ment will provide funds to the City of Lake Elsinore to
uaSisC Che City in preparing a competitive application 1'or
UDAG funds where projects designated by the City will create
permanent private sector employment ?nd leverage private
investment; and
WIIIs1t1:AS the CiCy has autho'ri4<;d application to Che Ofl'ic
of Local Economic Development for such funds to be applied
1.<> Lhe prepuraCion of a IIUll/UDAG application Lor Lhc
following project:
'(Ills ;>1tOGltAM WILL, PROVIllli FUNDING TO '1'IfE CITY FOR '1'11L PRO-
V1S1ON OP' SUCK '1'liC1INTCAL ASSISTANCE AS IS NliCESSAitY FOH '1'IIE
I>liI~:PAItA'1''ION Ol' A COMP1sTI'1'TVIS nh]'LICA1'ION '1'U '1'111; U.S. 1)lil'Alf1'Mli,'Y'1'
Ole IIOLISING AND URBAN DEVELOPMENT (IIUD) FOR FUNDING UND1;R '1'lI1~:
URI3nN llISVELOI>MEN'1' ACTION G1tANT (UDAG) P1tOG1tAM. 'PILE UDAG
GRANT. WILL RESULT IN TI1E CREATION OF NEW, PERMANENT Ii?•?PT•nv_
Mh:N'P Ol>POIt'1'UNI'1'IES IN Tllli P1tIVATE SEC'POR.
Wlicreas Lhe Ol'!'ice of Local Economic Development has reviewed
the application by the City with the Department of Housing
and Urban Development and considers the City'S pro,jecl. mcr-
i.l,orious and has selected the project for funding; and
'I'IIP;ItI;I~OR4; Ix~ i L lt1:SOLVI,D, that the al'orerru:nLiuned pro,jucL i ~;
hereUy approved by the City Council for application HUD for