2426_00001RESOLUTION NO.2426
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MOSES LAKE,WASHINGTON,AUTHORIZINGSUBMISSION OF AN APPLICATION FOR AWASHINGTONRURALDEVELOPMENTLOANFUNDGRANTINTHEAPPROXI-MATE AMOUNT OF $405,000 AND AUTHORIZING THE CITY MANAGER TOENTERINTOANAGREEMENTFORSUCHFUNDING,
RECITALS:
1.The Washington Rural Loan Fund (WRLF)funds are available to support economic developmentprojectswhicharereadytoimplementandforwhichjobscreatedorretainedwillbemadeavailabletolowandmoderateincomepersons.
2.The Cityof Moses Lake desires tofund a project consistent with thepurposes oftheWRLF.
3.The WRLF Project represents a commitment ofprivate resources towardenhancing the vitalityoftheareaandexpansionofeconomicandemploymentopportunitiesoftheCityofMosesLake,togetherwithincreasedtaxrevenues.
4.It is necessary and appropriate tomeet certain conditionsas part ofthe applicationprocess.
5.In the event theapplicationfor WRLF funding is approved,and accepted by theCity of Moses Lake,the City of Moses Lake will comply with all applicable federal and state requirements in regard toenvironmentalimpactoftheproject.
6.The City of Moses Lake will provide opportunities for citizen participation comparable to staterequirements,and has complied withall public hearing and publicmeeting requirements,includingpublichearingonApril9,2002.
7.The city of Moses Lake willconduct and administerits programs in conformance withTitleVIand TitleVIIoftheCivilRightsActof1964,and affirmatively further fair housing.
8.The City of Moses Lake WRLF Project will not result indisplacement of persons or use of CommunityDevelopmentBlockGrantFundsforpublicimprovements.
9.The City Council of the Cityof Moses Lake finds and determines that applicationshould be submittedtoappropriateagenciesforconsiderationoffundingtheWRLFProjectforandonbehalfofRussellOHotel,Inc.,and thatsuch submission willpromote the general health,safety and welfare,and will
promote economic development within theCityof Moses Lake.
RESOLVED:
1.The City Manager or his designee,is hereby authorized to submit an application to the State ofWashington,for and on behalf oftheCityof Moses Lake forWRLF funding in theapproximate amountof$405,000 for WRLF Project.
2.The City Manager is hereby further authorized to provide such additional information as may be
necessary tosecure approval of such application.
3.Inthe event such application is approved,theCity Manager is authorizedtoenter into an agreementforsuchfunding.
Adopted by theCityCouncilon April23,2002.
ATTEST:May
i nce Directof
O