HomeMy WebLinkAbout08-038 Authorizing CM to execute grant and loan docs and agreements in connection with WA float loan program. Re: Development of Hastings building and adjacent propertyRESOLUTION N0.08-038
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PORT TOWNSEND,
WASHINGTON, AUTHORIZING THE CITY MANAGER TO EXECUTE
GRANT AND LOAN DOCUMENTS AND AGREEMENTS IN CONNECTION WITH A
WASHINGTON FLOAT LOAN PROGRAM IN THE
APPROXIMATE AMOUNT OF 55,000,000 FOR REDEVELOPMENT OF THE
HASTINGS BUILDING AND ADJACENT PROPERTY
WHEREAS, the City Council on July 21, 2008, following public hearing, approved
submission of an application fora $5,000,000 community development block grant (CDBG)
"float loan" in connection with the Hasting Building/"Surf Restaurant" redevelopment; and the
application has been approved, and the City Council by this Resolution authorizes the City
Manager to execute necessary documents and agreements in connection therewith; and
WHEREAS, by this Resolution, the City Council is not endorsing the project unless and
until atl required permits and approvals have been obtained, and the City Council is not pre-
judging or concluding that the project does or does not meet all approval criteria and/or that all
environmental impacts have or have not been properly addressed, until all required
environmental, permitting and approval processes have been completed and permits and
approvals have been issued and become final,
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Port
Townsend as follows:
1. The City Manager is hereby authorized to execute all necessary documents and
agreements in connection with a $5,000,000 community development block grant
(CDBG) "float loan" for the Hasting Building/"Surf Restaurant" redevelopment.
This Resolution does not constitute an endorsement by the City Council of the project,
unless and until all required permits and approvals have been obtained and are final. By
this Resolution, the City Council is not pre-judging or concluding that the project does or
does not meet all approval criteria and/or that all environmental impacts have or have not
been properly addressed, until all required environmental, permitting and approval
processes have been completed and permits and approvals have been issued and become
final. The City Council at this time is agreeing to submit an application for block grant
financing to allow the project to proceed through the permitting process, and if approvals
are obtained, to proceed to construction and completion.
Resolution 08-038
ADOPTED by the City Council of the City of Port Townsend at a regular meeting
thereof, held this fifteenth day of September 2008.
Attest:
Pamela Kolacy, MMC
City Clerk
Michelle Sandoval, Mayor
Approved as to form:
John P. Watts
City Attorney
Reso[2ikon 08-038