HomeMy WebLinkAboutResolution 2362 Redirecting $10,000 from CDBG Grant to Urban Renewal plan
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COMMISSION RESOLUTION NO. 2362
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOZEMAN PROVIDING
THAT $10,000.00 OF SURPLUS FUNDS IN THE SMALL CITIES GRANT PROVIDED
BY THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT BE
REDIRECTED TO THE DOWNTOWN DEVELOPMENT ASSOCIATION FOR PURPOSES OF
PLANNING FOR THE PROPOSED REVITALIZATION OF THE DOWNTOWN AREA OF THE
CITY OF BOZEMAN THROUGH AN URBAN RENEWAL DISTRICT.
WHEREAS, the City of Bozeman has undertaken several projects with the Small Cities Grant
as approved and funded by the United States Department of Housing and Urban Development; and
WHEREAS, it now appears there will be surplus funds in that Small Cities Grant; and
WHEREAS, the Downtown Development Association has requested $10,000.00 of the surplus
funds for purposes of planning for the proposed revitalization of the downtown area through the
urban renewal district; and
WHEREAS, written approval has been received from the United States Department of Housing
and Urban Development authorizing the redirecting of $10,000.00 to the Downtown Development Association;
and
WHEREAS, the citizen participation requirements have been met, providing a comment
period for such use of the funds, and those comments reported to the City Commission; and
WHEREAS, the intended use of the funds is consistent with the need to provide benefit
to the segment of the population described as low and moderate income by the potential generation of
service positions, by addressing conditions of blight and the expansion of economic opportunity in
the community.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF BOZEMAN, MONTANA:
Section 1
THAT IT IS HEREBY DECLARED to be in the best interest of the City of Bozeman to grant the
sum of $10,000.00 from the Small Cities Grant, provided by the United States Department of Housing and
Urban Development, to the Downtown Development Association.
If, however, there be a shortfall in the Small Cities Grant to fulfill previous obligations,
the grant to the Downtown Development Association shall be reduced by an amount equal to the shortfall
and thereafter be designated a loan from the City General Fund. Said loan to be repaid to the City of
Bozeman from monies generated by the Urban Renewal District.
Section 2
That the grant funds shall be used by the Downtown Development Association sOlely for
the planning of an Urban Renewal District in the City of Bozeman and in strict compliance with the
Department of Housing and Urban Development Regulation 570.205.
Section 3
That the City Commission hereby directs the Downtown Development Association that all
conditions of the grant shall be fulfilled on or before December 31, 1981, so as not to delay the
scheduled closeout of the grant February 28, 1982.
PASSED AND ADOPTED BY THE CITY COMMISSION OF THE CITY OF BOZEMAN, MONTANA, at a regular
thereof held on the 18th day of November 1987) ,-1 .c:- .?
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MAY
session
ATTEST:
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Clerk of the City Commission
COMMISSION RESOLUTlON_ NO.__2362
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State of Montana )
County of Gallatin)
City of Bozeman )
I, Robin L. Sullivan, Clerk of the Commission of the City of Bozeman, do hereby certify
that the foregoing Resolution No. 2362 was published by title and number in the Bozeman Daily
Chronicle, a newspaper of general circulation printed and published in said City, in the issue
dated the 24th day of November 1981, and due proof of such publication is on file in my office.
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IN WITNESS WHEREOF I hereunto set my hand and affix the corporate seal of my office this
28th day of December 1981.
(iJd~ ih,j!J~
Clerk of t e Clty Commlssion
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C~MMISSIQN RESQLUTION_NO. 23~2