HomeMy WebLinkAbout(11) 13153: BEDI GRANT INTEROFFICE MEMORANDUM
TO: STEVE FITZGIBBONS, CITY MANAGER
FROM: DALE L. WATSON, DIRECTOR OF PLANNING ~/w~
SUBJECt: P.R. NO. 13153 - AUTHORIZES APPLICATION FOR BEDI GRANT
~nTE: 05/20/05
RECOMMENDATION:
I recommend that Proposed Resolution No. 13153 be approved. This Resolution would
authorize the filing of a grant application for funding under the Brownfields Economic
Development Initiative (BEDI) and a loan under the Section 108 Loan Program.
BACKGROUND:
The U.S. Department of Housing and Urban Development has a grant program under
Brownfields for the redevelopment of Brownfields sites. The deadline for filing this
application is June 17th, 2005. The grant requires a dollar for dollar match with Section
108 Loan funding. Section 108 loans are low interest loans from HUD that are paid back
with CDBG funds.
BUDGETARY/FISCAL EFFECT:
Overall funding for the application has not been determined.
STAFFING/EMPLOYEE EFFECT:
None
SUMMARY:
I recommend that Proposed Resolution No. 13153 be approved.
P.I~ No. 13153
05/20/O5 DLW
RESOLUTION NO.
A RESOLUTION AUTHORIZING FILING APPLICATIONS
WITH THE U.S. DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT FOR A BROWNFIELDS
ECONOMIC DEVELOPMENT INITIATIVE GRANT AND
A SECTION 108 LOAN
VVHEREAS, the U.S. Department of Housing and Urban Development is requesting
applications for Brownfields Economic Development Initiative grants; and,
WHEREAS, this grant requires a match with Section 108 loan funds; and,
WHEREAS, the City of Port Arthur does wish to apply for a Brownfields Economic
Development Initiative grant; and, now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PORT ARTHUR:
THAT the City Manager is hereby authorized to file a grant application in an amount not to
exceed $2 million with the U.S. Department of Housing and Urban Development for a Brownfields
Economic Development Initiative grant.
THAT the City Manager is hereby authorized to file an application for a loan under the Section
108 Loan Program.
THAT a copy of the caption of this Resolution be spread upon the Minutes of the City Council.
READ, ADOPTED AND APPROVED this __. day of May, A.D., 2005, at a Regular
Meeting of the City Council of the City of Port Arthur, Texas, by the following vote: AYES:
MAYOR
COUNCILMEMBERS:
NOES:
P.Ii. NO. 13153
05/20/05
Page 2 of 2
NOES:
ATTEST:
Mayor
City Secretary
APPROVED AS TO FORM:
City Attorney
APPROVED FOR ADMINISTRATION:
City Manager
]Director of Planning