2002 RES R-17-02 - Laserfiche WebLink

Browse Search

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 RESOLUTION NO. R-17-02 A RESOLUTION OF THE CITY COUNCIL FOR THE CITY OF COLTON ACCEPTING AND APPROVING OF CERTAIN TERMS AND CONDITION FOR THE AWARD OF A $1,000,000 PUBLIC WORKS AND ECONOMIC DEVELOPMENT GRANT AWARD FROM THE ECONOMIC DEVELOPMENT ADMINISTRATION FOR CERTAIN PUBLIC INFRASTRUCTURE IMPROVEMENTS AND AUTHORIZING THE CITY MANAGER TO EXECUTE ALL NECESSARY FINANCIAL ASSISTANCE AWARD DOCUMENTS WHEREAS, the City of Colton, California (the "City') is a municipal corporation duly created and existing pursuant to the Constitution and the laws of the State of California; and WHEREAS, the City wishes to support and encourage economic development and business development in the community, including the creation of new job opportunities; and WHEREAS, on March 22, 2001 the Redevelopment Agency for the City of Colton submitted a pre -application for a $1,000,000 Grant to the United States Department of Commerce Economic Development Administration (the "EDA") to construct certain infrastructure improvements to serve to an industrial site and property being developed by the East Valley Land Company; and WHEREAS, on April 24, 2001 the Agency received a formal invitation from the EDA inviting the City of Colton to submit an formal application for a $1,000,000 Public Works and Economic Development Grant for certain infrastructure improvements related to the East Valley Land Company/Ashley Furniture development within the Cooley Ranch Redevelopment Project Area (the "EDA Project") ;and WHEREAS, on May 10, 2001 the City of Colton submitted the formal grant application to the EDA for consideration of funding the EDA Project; and WHEREAS, on January 3, 2002 the City of Colton received notification from the EDA that the City of Colton was approved for a Financial Assistance Award (the "EDA Grantn)in an amount not to exceed $1,000,000; and