Laserfiche WebLink
RESOLUTION NO. V)--(47 <br /> A RESOLUTION authorizing submission <br /> of an application to the United Sates of V-' <br /> America, Department of Housing and <br /> Urban Development for an Urban <br /> Development Action Grant for the <br /> Harmon and Associates-Retail Development <br /> WHEREAS, Section 110 of the Housing and Community Development Act of <br /> 1977 authorizes the United States of America, Department of Housing and Urban <br /> Development to make Urban Development Action Grants (UDAG) to certain <br /> distressed cities; and <br /> WHEREAS, the City of Everett qualifies under the UDAG regulations as a <br /> distressed city; and <br /> WHEREAS, the purpose of the UDAG program is to assist distressed cities <br /> and distressed urban counties which require increased public assistance and private <br /> investment to alleviate physical and economic deterioration; and <br /> WHEREAS, UDAGs are available to support economic development projects <br /> which are ready to implement and for which the applicant has a commitment from <br /> a private developer; and <br /> WHEREAS, the Mayor has determined that said project is eligible under <br /> UDAG program criteria; and <br /> WHEREAS, the Harmon and Associates-Retail Development represents a <br /> substantial commitment of private resources towards enhancing the vitality of the <br /> area and expanding the vitality of Everett's commercial/retail development around <br /> the Everett Mall and expanding the City's tax base and employment opportunities; <br /> and <br /> WHEREAS, the Harmon and Associates-Retail Development requires some <br /> public assistance to assure its feasibility, and to enhance its marketability; <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br /> CITY OF EVERETT: <br /> That the Mayor is hereby authorized to submit an application to the Department of <br /> Housing and Urban Development for an Urban Development Action Grant in the <br /> amount of two millon dollars ($2,000,000.00) to assist in development of the <br /> Harmon and Associates-Retail development; and <br /> BE IT FURTHER RESOLVED: <br /> That the Mayor is hereby authorized to provide such additional information as may <br /> be necessary to secure approval of this grant application; and <br /> BE IT FURTHER RESOLVED: <br /> That following a notice of the award of an Urban Development Action Grant, the <br /> Mayor is requested to submit an ordinance autho ' 'ng acce lance of it. <br /> ouncil an Introducing Resolution <br /> PASSED AND APPROVED BY CITY COUNCIL THIS _DAY OF 0p4/Z . ,1983. <br /> ncil resident <br />