Presenter
Presented by Mr. Ferlo
Title
Resolution authorizing a cooperation agreement or agreements with the Urban Redevelopment Authority of Pittsburgh for administration of the Section 108 loan and Economic Development Initiative grant programs. (Council District No. 3).
Body
Be it resolved by the Council of the City of Pittsburgh as follows:
Section 1. The Mayor and the Director of the Department of City Planning are hereby authorized to enter into a cooperation agreement or agreements with the Urban Redevelopment Authority of Pittsburgh ("URA") designating URA as the City's agent for administration of the Section 108 loan and Economic Development Initiative grant programs, authorizing URA to execute all necessary and appropriate instruments on behalf of the City, to draw down funds directly from the U.S. Department of Housing and Urban Development and to manage the repayment of funds.