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HomeMy WebLinkAboutRES 15-25RESOLUTION NO. 15-25 A RESOLUTION OF THE MAYOR AND CITY COUNCIL OF THE CITY OF APACHE JUNCTION, ARIZONA, COMMITTING LOCAL FUNDS AS LEVERAGE FOR FY 2015 COMMUNITY DEVELOPMENT BLOCK GRANT ("CDBG") AND STATE SPECIAL PROJECTS ("SSP") APPLICATION (S). WHEREAS, the City of Apache Junction adopted Resolution No.14-39 which authorized submission of an application(s) to the State of Arizona Department of Housing ("ADOH") for CDBG and SSP Funding; and WHEREAS, that applications indicate that $117,779.00 will be committed by the City of Apache Junction as leveraged funds, in the form of cash or resources to be used to complete the community projects; and WHEREAS, the CDBG Program requires that all local leveraged funds/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 BY THE MAYOR AND CITY COUNCIL OF THE CITY OF APACHE JUNCTION, ARIZONA, AS FOLLOWS: 1) The Mayor and City Council hereby commit $117,779.00 in funds and resources to the FY15 CDBG and the FY15 SSP Program, to be used for project costs, contingent upon the receipt of the grant assistance. 2) That the Mayor and City Council of the City of Apache Junction hereby find that this commitment is legally binding based on the legal opinion of the City attorney, and that such funds will be available for an audit at the termination of the grant, if required by ADOH. RESOLUTION NO.15-25 PAGE 1 OF 2 PASSED AND ADOPTED BY THE MAYOR MD CITY COI4NCIL OF THE CITY OF APACHE JUNCTION THIS /77 DAY OF 2015. SIGNED AND ATTESTED TO THIS ;77-/I DAY OF ATTEST: KATHLEEN CONNELLY City Clerk APPROVED AS TO FORM: 6 -2.5",15- RICHARD J. STERN City Attorney RESOLUTION NO. 15-25 PAGE 2 OF 2