HomeMy WebLinkAboutResolution No. 13-7387 RESOLUTION NO. 13 -7387
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 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 a $3 million loan from the
Department of Housing and Urban Development through the Section 108 Loan Guarantee
Program; and,
WHEREAS, the City intends to use funds obtained from the Section 108 Loan
Guarantee Program for the development of a multi - purpose facility to accommodate the full -
scale mock -up of the space shuttle orbiter and programming activities to benefit adjacent
residential areas.
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 8th day of January, 2 3
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MARIO A. GUERRA, Mayor
ATTEST:
i
ADRIA M. JIMENEZ, CMC
City Clerk
HEREBY CERTIFY that the foregoing Resolution was adopted by the City Council of
the City of Downey at a regular meeting thereof held on the 8th day of January 2013, by the
following vote, to wit:
AYES: Council Members: Brossmer, Marquez, Saab, Vasquez, Mayor Guerra
NOES: Council Members: None
ABSTAIN: Council Members: None
ABSENT: Council Members: None
ADRIA M. JIMENE' , CM , City Clerk