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1160RESOLUTION NO.1160 A RESOLUTION AUTHORIZING SUBMISSION OF AN APPLICATION TO THE UNITED STATES OF AMERICA,DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT,FOR AN URBAN DEVELOPMENT ACTION GRANT FOR THE PROCESSING OF SUGAR BEETS BY SILVER CHIEF CORPORATION WHEREAS,Section 110 of the Housing and Community Development Act of 1977 authorizes the United States of America,Department of Housing and Urban Development to make Urban Development Action Grants (UDAG),to certain distressed cities;and WHEREAS,the City of Moses Lake qualifies under the UDAG regulations as a distressed city;and WHEREAS,the purpose of the UDAG program is to assist distressed cities and distressed urban counties which require increased public assistance and private investment to alleviate economic deterioration,and WHEREAS,UDAG's are available to support economic development projects which are ready to implement and for which the applicant has a commitment from a private developer/business;and WHEREAS,the processing of sugar beets by Silver Chief Corporation project represents a substantial commitment of private resources toward enhancing the vitality of the area and expanding the vitality of Moses Lake and expanding the city's tax base and employment opportunities,and WHEREAS,the processing of sugar beets by Silver Chief Corporation requires some public assistance to assure its feasibility,and to enhance its marketability; NOW,THEREFORE,BE IT RESOLVED by the City Council of the City of Moses Lake, Washington,that the City Manager is hereby authorized to submit an application to the Department of Housing and Urban Development for an Urban Development Action Grant in the amount of $4.5 million to assist in the development of processing of sugar beets by Silver Chief Corporation;and BE IT FURTHER RESOLVED,that the City Manager is hereby authorized to provide additional information as may be necessary to secure approval of this grant appli cation;and BE IT FURTHER RESOLVED that following notice of the award of an Urban Development Action Grant the City Manager is requested to submit a draft ordinance authorizing acceptance of it. Adopted by the City Council on May 24,1983. ATTEST: U)±UjU)^ nVSSi >