2715_00001RESOLUTION NO.2715
A RESOLUTION AUTHORIZING THE SUBMITTAL OF AN APPLICATION TOTHECOMMUNITYECONOMICREVITALIZATIONBOARDFORFUNDINGTHECOSTOFCONSTRUCTIONOFPUBLICFACILITYPROJECTS
RECITALS:
1.The Community Economic Revitalization Board (CERB)of the State of Washington,Office ofCommunityTradeandEconomicDevelopmentawardsloansandgrantstohelpfinancetheOconstructionofpublicfacilityprojectsnecessitatedbyprivatesectordevelopment,for the purposeofstrengtheningtheeconomicsofareaswithbelowaveragegrowth,and to provide incentives tobusinesseswithemploymentopportunitiesparticularlyforeconomicallydisadvantageresidents.
2.Guardian Industries Corporation intends to construct a fiberglass plant in the Moses Lake area,butonlyifCERBfundsareprovidedtotheCityofMosesLaketoenablethecitytoconstructwaterand
sewer mains to facilitate the new plant.
3.The City Councilbelieves that the new fiberglass plant that willbe constructed by Guardian IndustrialCorporationwillstrengthentheeconomyoftheMosesLakeareaandwillexpandemploymentopportunitiesforeconomicallydisadvantagedresidentsofthecity.
RESOLVED:
1.The City Manager is hereby authorized and directed to submit an application to the CommunityEconomicRevitalizationBoardforagrantofonemilliondollars($1,000,000)for funds to constructinfrastructureconsistingofwaterandsewerwhichisnecessaryforthenewfiberglassplantthatwillbeconstructedbyGuardianIndustriesCorporationintheareaofMosesLake.
2.A copy ofthis resolution shall be submittedwith the CERB application.
Adopted by the City Council on November 22,2005.
ATTEST:Ron C.Covey,Mayor
Konald R.Cone,Finance Director
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