HomeMy WebLinkAbout1985-R-16RESOLUTION NO. 85-R-16
A RESOLUTION APPROVING A ~MORANDUM OF UNDERSTANDING
-BETWEENJEFFERSONVILLE, INDIAN~ AND CLARKSVILLE, INDIANA
REGARDING AN URBAN DEVELOPMENT ACTION GRANT (UDAG)
APPLICATION AND AUTHORIZING THE JEFFERSONVILLE DEPARTMENT
OF REDEVELOPMENT TO FILE SAID UDAG APPLICATION WITH THE
U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPmeNT
WHEREAS, the Housing and Community Development Act of 1974, as
amended, provides for a program of community development grants to
local units of government through the Urban Development Action Grant
(UDAG) Program; and
WHEREAS, it is desirable to maximize the efforts of the City
to qualify for and benefit from all such appropriate governmental
programs that have as their stated goals economic development and/
or community improvement; and
WHEREAS, the PQ Corporation located at 7th Street and Missouri
Avenue in Clarksville, Indiana would like to expand its plant oper-
ations thus promoting economic development opportunities for the
communities of jeffersonville and Clarksville; and
WHEREAS, at the time of the deadline date for submissions of
applications for the UDAG program, the City of jeffersonville, Indiana
was determined by the Department of Housing and Urban Development to
be an eligible applicant for this program, and the Town of Clarksville
was determined not to be an eligible applicant; and,
WHEREAS, the City of jeffersonville, Indiana and the Town of
Clarksville, Indiana mutually desire to assist PQ Corporation with
their expansion efforts to aid employment opportunities for the
residents of both communities; and
WHEREAS, consistent with this mutual interest and at the request
of the Town of Clarksville, and in compliance with appropriate regu-
lations, the City of jeffersonville, through its jeffersonville
Department of Redevelopment, has agreed to submit an application for
an Urban Development Action Grant to support the expansion of PQ
Corporation in Clarksville, Indiana; and
WHEREAS, it is necessary to provide evidence of mutual under-
standing of, interest in, and support for the Urban Development Action
Grant program sought to assist PQ Corporation, and to confirm arrange-
ments for the use of recapture funds, if any, by and between the two
communities.
NOW THEREFORE BE IT RESOLVED BY THE COMMON COUNCIL of the City
of jeffersonville Indiana, that said council authorizes the Jefferson-
ville Department of Redevelopment to file said UDAG application "on
behalf" of the PQ Corporation in Clarksville.
BE IT FURTHER RESOLVED BY THE COMMON COUNCIL of the City of
jeffersonville, Indiana that:
1. The communities of jeffersonville and Clarksville mutually
agree and understand that the UDAG grant program and the
loan agreement between jeffersonville and the PQ Corpor-
ation will include the following provisions:
A. Seventy-five percent (75%) of the proceeds of the
grant program which are recaptured as loan repay-
ments will be received by the City of jeffersonville
through the Clerk-Treasurer's Office.
B. Priority for new hires by PQ Corporation which result
from expansion supported by the loan from Jefferson-
ville will be given to jeffersonville and Clarksville
residents first and then to other residents of Clark
County.
2. The Mayor of jeffersonville and Executive Director of
the Department of Redevelopment are authorized to execute
any and all documents necessary for the submittal of a
UDAG application "on behalf" of the Town of Clarsville
for the expansion of the PQ corporation.
BE IT FURTHER RESOLVED that the Clerk-Treasurer of said City
of jeffersonville, Indiana, is hereby ordered and directed to give
notice as provided by law.
Adopted by the Common Council of the City of jeffersonville,
Indiana this 18th day of May 1985.
Presented by me as Clerk-Treasurer to the Mayor of the City of
jeffersonville, Indiana, this 18th day of May 1985.
Approved and signed by me this 18th day of May, 1985.