HomeMy WebLinkAbout2007-R-09
RESOLUTION NO. ;2007-OR-9
DECLARATORY RESOLUTION OF THE
CITY COUNCIL OF THE CITY OF JEFFERSONVILLE, INDIANA,
FOR THE SUBMITTAL
OF A COMMUNITY FOCUS FUND GRANT THROUGH
THE INDIANA OFFICE OF COMMUNITY AND RURAL AFFAIRS
AND ADDRESSING RELATED MATTERS
WHEREAS, the City Council of Jeffersonville, Indiana, recognizes the need to stimulate growth
and to maintain a sound economy within its corporate limits; and
WHEREAS, the Housing and Community Development Act of 1974, as amended, authorizes
the Indiana Office of Community and Rural Affairs to provide grants to local units of
government to meet the housing and community development needs of prevention and/or
elimination of slums or blight; and
WHEREAS, the City Council of the City of Jeffersonville, Indiana, has conducted or will
conduct public hearings prior to the submission of an application to the Indiana Office of
Community and Rural Affairs, said public hearings to assess the housing and community
development needs of prevention and/or elimination of slums or blight; and
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Jeffersonville,
Indiana, that:
1. The Mayor of the City of Jeffersonville is authorized to prepare and submit an application
for grant funding to address the Spring Street Revitalization project, and to execute and
administer a resultant grant including requisite general administration and project
management, contracts and agreements pursuant to regulations of the Indiana Office of
Community and Rural Affairs and the United States Department of Housing and Urban
Development.
2. The City Council of the City of Jeffersonville hereby commits the requisite local funds in
the amount of $563,000 or 52.9% of the total project cost ($1,063,000), in the form of
HUD/EDI Funds ($248,000), Economic Development Income Tax (EDIT) funds from
the City of Jeffersonville ($160,000), as matching funds for said program, such
commitment to be contingent upon receipt of CFF funding from the Indiana Office of
Community and Rural Affairs. Other contributions to the local match will be provided
by the following sources:
Jeffersonville Urban Enterprise Zone:
Bales Auto Mall:
$150,000
$5,000
Adopted by the City
at ~', \0 P.M.
City of Jeffersonville, Indiana, this 5th day of March, 2007,
SIGNATURE:
Rob . Wa' , Jr.
Mayor, City f Jeffersonville
o \
ATTEST:' \LO~~.t~ ~J. 0
Peggy Wilder
Clerk- Treasurer, City of Jeffersonville
--