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HomeMy WebLinkAbout90-040RESOLUTION NO. ~0"~ A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PORT TOWNSEND AUTHORIZING EXECUTION OF DOCUMENTS AND DIS- BURSEMENT OF FUNDS FOR A LOAN OF COMMUNITY DEVELOP- MENT BLOCK GRANT FUNDS PURSUANT TO RESOLUTION NO. 88- 58 OF THE CITY OF PORT TOWNSEND WHEREAS, the City Council for the City of Port Townsend previ- ously authorized by Resolution No. 88-58 the terms and limits for certain loans of Community Development Block Grant funds for side- walk improvements and other improvements in the City business dis- trict, and ~EREAS, Leslie E. and Ruth E. Skogman has applied for a loan from the City's HUD loan panel of such funds in the amount of $ 5,000 for restoration of front facade for the Tibbals building ~ in Port Townsend, Washington, which work consists of restoration of the front facade of the building and ~EREAS, the City Council has reviewed the 1~ proposal pre- viously approved by the HUD loan panel, and the terms of the loan and the documents therefor should be approved, now, therefore, BE IT RESOLVED by the City Council for the City of Port Town- send that a loan of Community Development Block Grant funds in the amount of $ 5,000 , pursuant to the terms of Resolution No. 88-58 of the City Council, to Leslie E. and Ru~h E, Skogman - 1 -