CITY of RAPID CITY

Agenda Item Summary

 

Meeting Date: 10/30/2013

Commission, Board or Committee: Click here to enter date.

Staff Contact: Barbara Garcia

PW Committee or L&F Committee: L&F

Petitioner: Click here to enter text.

City Council 1st Reading: Click here to enter date.

Location: Community Development

City Council 2nd Reading: Click here to enter date.

Agenda Title:

FY2013 Community Development Block Grant Indenture of Restrictive Covenants Western Resources for dis-Abled Independence

Summary:

Staff is seeking City Council authorization for the Mayor and Finance Officer to sign both Indenture of Restrictive Convenants for Western Resource for dis-Abled Independence.

 

Funding allocation for this project was previously approved by the City Council in the FY 2013 CDBG Annual Action Plan.

Funding Source & Fiscal Impact (if applicable):

FY 2013 Community Development Block Grant Funds.

Recommendation:

Action: Choose an item. Approve

Notes: Click here to enter text. CDBG funds are being used for rehabilitation on their facility and an Indenture of Covenants is required to ensure facility use to benefit low-to-moderate income people or the repayment of the funds.

 

Options:

Click here to enter text.

Attachments & Links:

Western Resource for dis-Abled Independence -Indenture of Restrictive Covenants