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HomeMy WebLinkAboutRES 19-23 RESOLUTION NO. 19-23 A RESOLUTION OF THE MAYOR AND CITY COUNCIL OF THE CITY OF APACHE JUNCTION, ARIZONA, COMMITTING LOCAL FUNDS AS LEVERAGE FOR FY 2019 COMMUNITY DEVELOPMENT BLOCK GRANT ("CDBG") REGIONAL ACCOUNT APPLICATION (S) . WHEREAS, the City of Apache Junction adopted Resolution No. 19-05 which authorized submission of application (s) to the State of Arizona Department of Housing ("ADOH") for CDBG Regional Account Funding; and WHEREAS, that applications indicate that $109, 432 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 $109, 432 in funds and resources to the FY19 CDBG 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. 19-23 PAGE 1 OF 2 PASSED .AND ADOPTED BY THE MAYOR AND CITE' COUNCIL OF THE CITY OF APACHE JUNCTION THIS DAY OF 2019 ,rr SIGNED AND ATTESTED TO THIS DAY OF 2019 JEFE S Mayor ATTEST THLEE CC NNELLO , 6 City Clerk APPROVED AS TO FORM j�� ;7;W RICHARD J. STERN City Attorney RESOLUTION NCB® 19®23 FACE 2 OF 2