HomeMy WebLinkAbout2005-100 - Approval of Gateway Grant and Loan Revitalization Program Application of David Ramsey_ ; _ti
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BILL NO. c700a``^~~4a ORDINANCE NO. a4DS--/D(~
AN ORDINANCE ADOPTING THE RECOMMENDATION OF THE GATEWAY GRANT
AND LOAN REVITALIZATION PROGRAM REVITALIZATION COMMITTEE AND
APPROVING THE APPLICATION OF DAVH) L RAMSEY
WHEREAS, the Board of Aldermen is charged with protecting the public health, safety and
general welfare 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
Boazd on, applications for such grants made pursuant to the Program; and
WHEREAS, David L. Ramsey ("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 4327 NW Gateway (the "Property"); and
WHEREAS, the Property is within the boundaries of that azea which has previously been
declazed blighted by the Riverside Tax Increment Financing Commission and the Boazd 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 Boazd 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 I. The Boazd of Aldermen hereby finds that the Property is within a blighted azea as that
term is defined at RSMo. § 99.800-99.865, and the Board of Aldermen further finds that the specific
Property itself would be blighted without the Project.
Section 2. The Boazd 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
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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 dollazs ($5,000) on the terms and
conditions set forth on the Grant Eligibility Recommendation attached hereto and incorporated herein
by this reference, and the Boazd 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 Boazd 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.
Mayor.
This Ordinance shall become effective immediately upon final passage and approval by the
Passed this ~""day of 005.
Mayor
ATTES
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City Clerk
Schedule 2
P:\Community Development\Gant and Losn Progrsm\Dmft Ordimnce
Approving Gmnt for Ramsey.DOC _
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