HomeMy WebLinkAbout18180 - RESOLUTIONS - 9/15/1993 RESOLUTION NO. 18180
OF THE CITY COUNCIL OF THE CITY
OF PALM SPRINGS, CALIFORNIA,
-r APPROVING THE SUBMISSION OF AN
APPLICATION FOR SECTION 103
PROGRAM FUNDS IN THE AMOUNT OF
$400, 000 FOR PROPERTY ACQUISITION
FOR THE DEVELOPMENT OF RAILWAY
PASSENGER STATION.
- - - - - - - - -
WHEREAS, the City of Palm Springs is eligible to receive
Community Development Block Grant funds as a metropolitan city
under the Department of Housing and Urban Development
regulations, and therefore eligible for funding under the
Section 108 Loan Guarantee Program; and
r WHEREAS, under the Section 108 Program, the funds must be used
for eligible activities which principally benefit low and
moderate income people; and
WHEREAS, according to federal regulations the City Council has
held a public hearing to receive input on the proposed use of
the loan funds; and
WHEREAS, the City Council desires to acquire land for the
development of a passenger railway station at Garnet Road and
North Indian Canyon; and
' WHEREAS, development of the railway site will create on-site
jobs for documented low and moderate income residents, therefore
improving overall living conditions for low and moderate income
households in the City; and
WHEREAS, the establishment of the railway station will boost
tourism and City economics by creating a convenient method of
transporting people to the City for recreational and/or business
reasons.
NOW, THEREFORE, the City Council of the City of Palm Springs,
California, does hereby resolve to approve submission of an
application for Section 108 Loan funds in the amount of $400, 000
for the acquisition of property located at Garnet Road and North
Indian Canyon for the development of a. passenger railway service
station, with future CDBG entitlement allocation funds to be
used as a payback source.
{ ADOPTED this 15th day of September 1993 .
AYES: Members Hodges, Lyons, Schlendorf and Mayor pro tem Reller-Spurgin
NOES: None
'r ABSENT: Mayor Maryanov
ATTEST: 'ITY OF PALM S 'S, CALIFORNIA
' By:
City Clerk Ci y M ager
REVIEWED AND APPROVED: