HomeMy WebLinkAboutResolution No. 10-7198 - Consolidated Plan AmendmentRESOLUTION NO. 10-7198
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY
AUTHORIZING THE CITY MANAGER TO SUBMIT, TO THE DEPARTMENT OF
HOUSING AND URBAN DEVELOPMENT, AN APPLICATION FOR $3.8
MILLION IN LOAN GUARANTEE FUNDS, PURSUANT TO SECTION 108 OF
THE HOUSING AND COMMUNITY DEVELOPMENT ACT OF 1974, AS
AMENDED.
WHEREAS, The City of Downey (“CITY”) wishes to apply for $3.8 million in loan
guarantees from the Department of Housing and Urban Development through the Section
108 Loan Guarantee Program;
WHEREAS, the City intends to use funds obtained from the Section 108 Loan
Guarantee loan Program towards three separate and distinct activities involving: 1 ) the
clearance and demolition of the Smallwood Physical Service Yard; 2) the construction of a
building at Discovery Park to accommodate a full scale mock-up of a NASA Space
Shuttle; and 3) for financial incentives to facilitate economic development and new job
creation
NOW. THEREFORE. THE CITY COUNCIL OF THE CITY OF DOWNEY DOES
HEREBY RESOLVE AS FOLLOWS:
SECTION 1. That the City authorizes the City Manager to submit the Application
and Certification thereto, and direct the City Manager, as the official representative in
connection with the application, to provide additional information, all understandings and
assurances, as may be required.[
SECTION 2. The City authorizes the City Manager to execute the Application and
submit such documents as may be required in order to implement the Application.
SECTION 3. The City Clerk shall certify to the adoption of this Resolution.
APPROVED AND ADOPTED this 22nd day of June, 2010
ANNo
ATTEST:
+aa/ai)y -
KATHLEEN L. MiE)STOK:KE, City Clerk
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RESOLUTION NO. 10-7198
PAGE TWO
I HEREBY CERTIFY that the foregoing Resolution was adopted by the City
Council of the City of Downey at a regular meeting held on the 22nd day of June, 2010, by
the following vote, to wit:
AYES:
NOES:
ABSENT:
ABSTAIN:
Council Members: Brossmer, Gafin, Guerra, Marquez, Mayor Bayer
Council Member: None
Council Member: None
Council Member: None
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