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RESOLUTION 997

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RESOLUTION NO. 997 OF 2015
RESOLUTION AUTHORIZING CITY TO ENTER INTO CONTRACT WITH STATE OF LOUISIANA REGARDING LOUISIANA COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS FOR MONSTER MOTO, LLC SITE
WHEREAS, the City of Ruston (the “City”) has been awarded Louisiana Community Development Block Grant (“LCDBG”) funds to be utilized for public infrastructure improvements at the Monster Moto, LLC site in the City (the “Project”);
WHEREAS, the LCDBG program requires that all grant recipients execute an agreement between State of Louisiana (the “State”) and the City; and,WHEREAS, Monster Moto, LLC has committed to the private investment of $870,000 in capital improvements at the Monster Moto, LLC site located in the City, and the hiring of 87 permanent jobs of which 51 percent would be from families of low and moderate income; and,
WHEREAS, in order for Monster Moto, LLC to make the necessary financial and employment investment at the Monster Moto, LLC site, LCDBG funds of $870,000.00 granted to the City are required to provide necessary public infrastructure of streets, potable water improvements, and sewer improvements; and,WHEREAS, the City desires to execute an Agreement with the State in conformance with the LCDBG requirements;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF RUSTON, LOUISIANA:
1.The City enter into an Agreement with the State of Louisiana in conformance with the LCDBG requirements, subject to review and approval by the City's legal counsel.
2.The Mayor is authorized to execute said Agreement and to execute any and all documents necessary to complete the Project and to do any and all things necessary and proper to carry out this Resolution and to fulfill its objects and purposes.to execute any lease, contract, or agreement and all documents necessary to effectuate the requirements as set forth in the LCDBG Program.
3.This Resolution shall become effective upon final adoption and signature of the Mayor.
Said Resolution having been read and considered by a quorum of the Board of Aldermen, on motion to adopt by Alderman Bruce Siegmund, and seconded by Alderman Jedd Lewis, a record vote was taken and the following result was had:
YEA:
ALDERWOMAN CAROLYN ELMORE CAGE
ALDERMAN JEDD LEWIS
ALDERWOMAN ANGELA R. MAYFIELD
ALDERMAN JIM PEARCE
ALDERMAN BRUCE SIEGMUND
NAY:NONE
ABSENT:NONE
WHEREUPON, the presiding officer declared the above Resolution duly adopted in full on this the 7th day of December, 2015.
ATTEST:
EMMETT GIBBS, CLERK RONNY WALKER, MAYOR
1td: December 15, 2015

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