HomeMy WebLinkAbout3855 Resolution RESOLUTION NO3 d�5
AMENDING RESOLUTION 3814 OF THE PASCO CITY COUNCIL AUTHORIZING
THE SUBMISSION OF APPLICATION AND AGREEMENT TO CERTIFICATIONS TO THE
US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FOR SECTION 108 LOAN
GUARANTEE PROGRAM
WHEREAS,the City of Pasco has identified opportunities for redevelopment consistent with the
CDBG Entitlement and Section 108 Loan Guarantee programs; and
WHEREAS,public hearings were held on December 21,2017 and January 16,2018 to discuss
community and economic development and housing needs,and
WHEREAS, Section 108 loan funds will be used for the redevelopment of the Pasco Farmers
Market,Peanuts Park,related infrastructure and property acquisition,subject to HUD eligibility and
underwriting; and
WHEREAS,the City Manager is the designated Certifying Official,authorized to sign and
submit applications and certifications to the U.S. Department of Housing and Urban Development on
behalf of the City of Pasco and to act on behalf of the City of Pasco in regard to the applications,and to
provide such additional information as may be required;
WHEREAS,the Section 108 application has passed the 2017 submission date,five times higher
entitlement for 2018 will be applied, for a maximum available of$3.781;
Now,THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PASCO:
Authorizes an application to HUD be submitted in the City of Pasco's name for$3.781 million in
Section 108 loan funds to be used for redevelopment activities that benefit low-and moderate-income
persons. ��cc��,,
PASSED by the City Council of the City of Pasco this2O"'day of 2018
Matt Watkins
Mayor
(A7ST: ,�/) APPR AS TO FORM:
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Daniela Erickson Leland B. Kerr
City Clerk City Attorney