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HomeMy WebLinkAbout2005 14_CDBG for Street improvements_2005.10.04CITY OF OWASSO, OKLAHOMA RESOLUTION NO. 2005-14 A RESOLUTION RELATING TO A COMMUNITY DEVELOPMENT BLOCK GRANT (11946 CDBG 05) FOR STREET IMPROVEMENT PROJECT ACTIVITIES COMMITTING UP TO $161,773.45 AS LEVERAGE FROM THE CITY OF OWASSO WHEREAS, the City of Owasso has entered into a project consisting of a street improvement project in the City of Owasso, State of Oklahoma with proceeds of Community Development Block Grant Funds; and, WHEREAS, as a condition to the funding of the Community Development Block Giant (11946 CDBG 05), the Oklahoma Department of Commerce has required adoption of a resolution by the City Council of the City of Owasso, Oklahoma, to commit funds in the amount of $161,773.45 to the project, NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Owasso, Oklahoma, that, SECTION 1: The City of Owasso, through the Cities General Fund Account, agrees to commit up to $161,773.45 as the required match for the proposed CDBG Small Cities Program in the City of Owasso. Approved this 4th day of October 2005. K OF O ki ' N OFFICIAL O SEAL ATTEST: 0 44HC%N 1� City of Owasso, Oklahoma raig ndel, Mayor