Presenter
Presented by Ms. Carlisle
Title
Resolution authorizing the Urban Redevelopment Authority of Pittsburgh to submit an Application for Financial Assistance in the amount of $825,000 to Pennsylvania Department of Community and Economic Development for the Elm Street component of the New Communities Program. (Council Districts: 1, 3, 6, 7, 9).
Body
Whereas, the Authority wishes to obtain financial assistance from the Commonwealth of Pennsylvania Department of Community and Economic Development ("DCED") in the amount of $825,000 for the Elm Street component of the New Communities Program (the "Program"); and
Whereas, the Authority has prepared an Application for Assistance, which is available at the Authority's offices; and
Whereas, the Authority has indicated in the Application that Community Development Block Grant, HOME and foundation funds in an amount not to exceed $85,000 will be provided by the City of Pittsburgh as the local share of Program costs; and
Whereas, the City of Pittsburgh and the Authority are desirous of obtaining funds from DCED for the Program;
Be it resolved by the Council of the City of Pittsburgh as follows:
Section 1. The Authority is hereby authorized to file an Application for Assistance with DCED for a grant in the amount of $825,000 in order to provide funding for the Program.
Section 2. The City of Pittsburgh will assume the provision of the full local share of Program costs and will reimburse the Commonwealth of Pennsylvania for the Commonwealth's share of any expenditures found by DCED to be ineligible.