HomeMy WebLinkAboutResolution No. 6732 RESOLUTION NO. 6732
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 $2.5
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 (hereinafter referred to as "CITY ") wishes to apply for
$2.5 million in loan guarantees with the Department of Housing and Urban Development
through the Section 108 Loan Program;
WHEREAS, the City intends to use funds obtained from the loan towards the
development of a new city park to be located on the former NASA property.
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
Certifications 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 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 13th day of January, 2004.
KIRK O. CARTOZIAN, ayor
ATTEST:
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KATHLEEN L. MIDSTOKKE, City Clerk
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 13th day of January, 2004, by the following
vote, to wit:
AYES: 5 Council Members: Bayer, McCarthy, Perkins, Trejo, Mayor Cartozian
NOES : 0 Council Member: None
ABSENT: 0 Council Member: None
ABSTAIN: 0 Council Member: None
KATHLEEN L. MIDSTOKKE, City Clerk