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HomeMy WebLinkAboutRES 87-34RESOLUTION NO.87-34 A RESOLUTION OF THE MAYOR AND CITY COUNCIL OF THE CITY OF APACHE JUNCTION,ARIZONA,COMMITTING LOCAL FUNDS AS LEVERAGE FOR THE 1987 COMMUNITY DEVELOPMENT BLOCK GRANT APPLICATION WHEREAS, the City of Apache Junction,Arizona,has adopted Resolution Number 87-31 which authorizes submission of an application to the State of Arizona,Department of Commerce for Community Development Block Grant (CDBG) funds for the 1987 program year,and WHEREAS,that application indicates that $114,000 will be committed by the City of Apache Junction,Arizona,as leveraged funds,and WHEREAS,the Commerce 1987 Program Summary requires that all local leveraged funds or resources be committed in the form of a resolution by the governing body,and that such a commitment contain an opinion by the applicant's legal counsel that the leveraged funds represent a binding commitment,legally enforceable under State laws, NOW,THEREFORE,BE IT RESOLVED that the Mayor and Council of the City of Apache Junction, Arizona,hereby commit $114,000 to the 1987 CDBG program, and that the Mayor and Council of the City of Apache Junction,Arizona hereby state that this commitment is legally binding based on the legal opinion of the City attorney and such funds or resources will be subject to an audit at the termination of the grant. PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF APACHE JUNCTION,ARIZONA, THIS 4th DAY OF August ,19 87 • SIGNED AND ATTESTED TO THIS 5 ti3 DAY OF iCIL4s 4st ,19 s r?. ATTEST: Kathleen Connelly City Clerk APPROVED AS TO FORM: City Attorney ta coati4sa,V.;rn °eiVLNormanS.Hill Mayor