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Resolution No. 2012-07

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CITY COUNCIL MEETING MINUTES OF FEBRUARY 6, 2012

RESOLUTION NO. 2012-07

A RESOLUTION of the City Council of the City of Lakewood, Washington, adopting the Joint Tacoma and Lakewood Five Year 2010-2014 Consolidated Plan Amendment and approval of the Section 108 Loan Guarantee Application submittal to the U.S. Department of Housing and Urban Development (HUD).

WHEREAS, the City of Lakewood, Washington, qualifies as an eligible Community Development Block Grant (CDBG) entitlement city, and the City Council has elected to pursue funding through that entitlement process; and,

WHEREAS, the City of Lakewood also entered into an agreement with the City of Tacoma for participation in their Home Investment Partnership Act (HOME) Consortium Programs; and,

WHEREAS, in connection with such status and programs, the City of Lakewood seeks to fund eligible economic development, public facilities, housing, and large-scale development projects through the CDBG Section 108 Loan Guarantee Program; and,

WHEREAS, in order to receive CDBG Section 108 federal dollars for Fiscal Years 2010-2014, commencing on July 1, 2010 and ending on June 30, 2015, HUD requires jurisdictions to submit a Five Year Consolidated Plan and accompanying Section 108 Loan Guarantee Application defining proposed community development needs and funding strategies associated with the funding activity, which Plan and Application must be adopted by the city councils of the participating jurisdictions and submitted to HUD for approval; and,

WHEREAS, the City of Lakewood’s estimated Section 108 Loan Guarantee Fund allocation from HUD is estimated to be $2,888,950; and,

WHEREAS, following HUD’s approval of CDBG Section 108 Loan Guarantee Program, funding will be made available for eligible economic and community development activities throughout the city of Lakewood; and,

WHEREAS, in connection with such application-funding process, it is appropriate that the City Council adopt a Joint Tacoma and Lakewood Five Year 2010-2014 Consolidated Plan Amendment and approve the submittal of the Section 108 Loan Guarantee Fund Application to the U.S. Department of Housing and Urban Development.    

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LAKEWOOD, WASHINGTON HEREBY RESOLVES, as Follows:

            Section 1.        That the Joint Tacoma and Lakewood Five Year 2010-2014 Consolidated Plan Amendment, a copy of which is attached hereto, marked as Exhibit “A” and incorporated herein by this reference,  be, and by the same hereby is, adopted; and,

                                   That the City of Lakewood Section 108 Loan Guarantee Fund Application, a copy of which is attached hereto, marked as Exhibit “B” and incorporated herein by this reference, be, and by the same hereby is, approved for submittal to the U.S Department of Housing and Urban Development.

            Section 2.        This Resolution shall be in full force and effect upon passage and signatures hereon.

PASSED by the City Council this ______ day of February, 2012.

CITY OF LAKEWOOD

____________________________________

Douglas G. Richardson, Mayor

Attest:

_______________________________   

Alice M. Bush, MMC, City Clerk

Approved as to Form:

_______________________________

Heidi Ann Wachter, City Attorney