Loading...
HomeMy WebLinkAbout2005-101 - Approval of Gateway Grant and Loan Revitalization Program Application of the Northland School of Performing Arts,~' `p`~- BILL N0.2005-101 ORDINANCE N0.2005-101 AN ORDINANCE ADOPTING THE RECOMMENDATION OF THE GATEWAY GRANT AND LOAN REVITALIZATION PROGRAM REVITALIZATION COMMITTEE AND APPROVING THE APPLICATION OF THE NORTHLAND SCHOOL OF PERFORMING ARTS WHEREAS, the Boazd of Aldermen is charged 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 Boazd on, applications for such grants made pursuant to the Program; and WHEREAS, The Northland School of Performing Arts ("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 3000 NW 50~' Street (the "Property"); and WHEREAS, the Properly is within the boundaries of that area which has previously been declared 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 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 Boazd of Aldermen hereby finds that the project described in the Application will ApPlicant'rsebusiness on the Propetrtythis compatib~ecwith the edevelopment goals of therCi and that the ty ~` ~~~ T 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. Section 4. The Board of Aldermen hereby directs the City Administrator and Finance Director to fund said grant of five thousand dollars ($5,000) to the in accordance with the terms and conditions of the Program. Section 5. This Ordinance shall become effective immediately upon final passage and approval by the Mayor. Passed this ~~/~day of 2005. ~~.~~ M r Pro Tem T City Clerk .r ,. , .~ ~ 1f~ ~ r ,. ,, ~.