RESO 2001-17 - TX Dept Agriculture FundingRESOLUTION NO. 2001-17
A RESOLUTION APPROVING AN APPLICATION FOR FUNDING THROUGH THE
TEXAS DEPARTMENT OF AGRICULTURE TEXAS CAPITAL FUND
Whereas, the City of Huntsville was selected as a 2001 Main Street City by the Texas Historical
Commission, and
Whereas, some areas of downtown Huntsville are blighted due to deteriorating infrastructure,
neglect and abandonment; specifically, the properties located at 1019 1 1 th Street and 1017 12th
Street, and
Whereas, neither the local private or public sectors are able to adequately address these blighted
areas at this time, and
Whereas, the Texas Capital Fund grant will alleviate blight within the downtown area,
THEREFORE BE IT RESOLVED by the City Council of the City of Huntsville as follows:
SECTION 1.
That the findings in the preamble of this resolution are true and correct
SECTION 2.
The City Council has reviewed and hereby approves an application for rehabilitation of the
Mathews Parking Lot located in the 1000 block of 12th Street and the Smither Parking Lot
located in the 1000 block of llth Street.
Total Requested of State $122,240
(includes grant administration fee from State of $12,000)
Matching Funds from City (20% of total minus City match) $27.560
TOTAL GRANT BUDGET 149,800
SECTION 3.
The City Council has reviewed and hereby agrees to comply with all assurances executed in
connection with the application and, if funded the award.
SECTION 4.
The City Manager is hereby authorized and directed to act on the City's behalf in all matters
pertaining to this application.
SECTION 5.
The City Council has reviewed and hereby agrees not to participate in program income
recapture and will return all program income to the State to be placed in a statewide
Revolving Loan Fund to be used by the State to fund future economic development awards.
By agreeing to this measure, the city/county understands that it will be eligible to receive as
many Texas Capital Fund awards per program year as it has eligible projects.
PASSED AND APPROVED ON THIS 23rd DAY OF OCTOBER, 2001.
WILLIAM B. GREEN, MAYOR
AT ST:
Danna Welter, City Secretary
APPRO ED AS TO FORM:
dir,r/
aul C. Is am, City Attorney