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HomeMy WebLinkAbout2005-098 - Approval of Gateway Grant and Loan Revitalization Program Application of Filger Oil Co,._ ~-~i.~ C. BILL NO. ~ vu/ '90 ORDINANCE NO. ~DJi ~O AN ORDINANCE ADOPTING THE RECOMMENDATION OF THE GATEWAY GRANT AND LOAN REVITALIZATION PROGRAM REVITALIZATION COMMITTEE AND APPROVING THE APPLICATION OF FII.GER OIL CO. WHEREAS, the Board of Aldermen is chazged with protecting the public health, safety and general welfaze of the citizens of the City; and WHEREAS, in an attempt to carry out this duty, the City has adopted the Gateway Grant and Loan Revitalization Program (the "Program") as a part of the Gateway Redevelopment Plan, as amended, and the L-385 Levee Redevelopment Plan, as amended; and WHEREAS, the purpose of the Program is to make grants and loans to businesses within certain boundaries so that such businesses may improve their facilities and to facilitate the improvement, revitalization and remediation of blighting conditions within such boundaries; and WHEREAS, a component of the Program requires the City Administrator and City Engineer to review projects for eligibility for grant funding under the Program, and make recommendations to the Board on, applications for such grants made pursuant to the Program; and WHEREAS, Filger Oil Co. ("Applicant") has submitted an application under the Program's Terms and Conditions (the "Application") for a grant to provide funding for an improvement project on property located at 2806 NW Vivion Road (the "Property"); and WHEREAS, the Property is within the boundaries of that area which has previously been declazed blighted by the Riverside Tax Increment Financing Commission and the Board of Aldermen of the City; and the City Administrator and City Engineer have confirmed that one or more blighting conditions do in fact exist at or on the Property; and, WHEREAS, the City Administrator and City Engineer have recommended that the Board of Aldermen approve and accept the Application, NOW, THEREFORE, be it ordained by the Boazd of Aldermen of the City of Riverside, Missouri, as follows: Section 1. The Boazd of Aldermen hereby finds that the Property is within a blighted area as that term is defined at RSMo. § 99.800-99.865, and the Boazd of Aldermen further finds that the specific Property itself would be blighted without the Project. Section 2. The Board of Aldermen hereby finds that the project described in the Application will improve, revitalize and remediate the blighting conditions that exist on the Property and that the Applicant's business on the Property is compatible with the redevelopment goals of the City. Schedule 2 ~. .t n 1i .. T r' ~'~Y i ~~ . Section 3. The Board of Aldermen hereby adopts the City Administrator's and City Engineer's recommendation to approve the Application and does hereby approve and accept the Application. The Board of Aldermen agrees to grant to Applicant five thousand dollars ($5,000) on the terms and conditions set forth on the Grant Eligibility Recommendation attached hereto and incorporated herein by this reference, and the Board of Aldermen hereby instructs and authorizes the Mayor to enter into a Grant Agreement with the Applicant in the form as adopted pursuant to the Program Administrative Manual. Section 4. The Board of Aldermen hereby directs the City Administrator and Finance Director to fund said grant by depositing from the City's general funds five thousand dollars ($5,000) into the Gateway Grant Fund with Farmer's Exchange Bank, within fifteen (15) days after the effective date hereof, to be disbursed to the Applicant in accordance with the terms and conditions of the Program and the above-described Grant Agreement. Section 5. This Ordinance shall become effective immediately upon final passage and approval by the Mayor. Passed this ~" day of , 2005. ATT~ST~ is / J C~ti%~ / ~,1~G~i'~ i City Clerk P:\Community Development\Grmt and Loan Progrem\Dtaft Ordinance Approving Grent for FilgecDOC dJ Mayor Schedule 2 ~ . , ,T n .R~ ~ . r .. T 1.