HomeMy WebLinkAbout19-029 Authorizing and Directing the City Manager to Submit an Application to the Washington State Community Economic Revitalization Board (CERB) for Aid in Financing the Costs of Public Facilities Consisting of the 7th Street Corridor Construction Resolution 19-029
RESOLUTION NO. 19-029
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PORT TOWNSEND,
WASHINGTON, AUTHORIZING AND DIRECTING THE CITY MANAGER TO
SUBMIT AN APPLICATION TO THE WASHINGTON STATE COMMUNITY
ECONOMIC REVITALIZATION BOARD (CERB) FOR AID IN FINANCING THE
COSTS OF PUBLIC FACILITIES CONSISTING OF 7TH STREET CORRIDOR
CONSTRUCTION
WHEREAS, the 7" Street corridor construction allows for the economic development of
the Rainer Street and Upper Sims areas to the stated goals of attracting and maintaining artisan
manufacturing businesses; and
WHEREAS, the City was awarded a grant of$300,000 from Clallam County for the 7t"
Street corridor development; and
WHEREAS, the 7" Street corridor construction will create jobs and increase property
values in the area.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Port
Townsend:
The City Manager of the City of Port Townsend is hereby authorized and directed to
submit an application CERB for grant or loan funds in the amount of$600,000 and
execute such other documents as may be required for securing aid in financing the cost of
the above-described public facilities.
ADOPTED by the City Council of the City of Port Townsend at a regular meeting
thereof, held this 1 Sth day of March 2019.
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Deborah Stinson
Mayor
Attest.* Approved as to form:
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Joanna Sanders, MMC 1_41cidi (1ree100(i
City Clerk City Attorney