HomeMy WebLinkAboutRes 96.01- Funds, Economic Development Grant'' City of Rexburg, Idaho
RESOLUTION: 96.1
Authorizing Resolution
"A Resolution to Submit an Application for an Economic Development Grant to Assist in the
Establishment of the Youth & Family Renewal Center Project by Purchasing the Land and
Building Located at 299 East 4th North, Rexburg, Idaho."
WHEREAS, the City Council desires to facilitate economic development and the creation
of jobs for residents of the city and the surrounding area; and
WHEREAS, the City Council desires to provide a building for the Youth & Family
Renewal Center (YFRC), which will establish a juvenile treatment facility for alcohol, chemical,
and behavioral treatment; and
WHEREAS, the Ciry of Rexburg shall enter into a subgrantee agreement with East-Central
Idaho Planning and Development Association, Inc.; and together they shall enter into an
agreement with the Idaho Department of Commerce to provide the needed capital to purchase the
land and building; and
WHEREAS, the Ciry and ECIPDA shall jointly submit an Economic Development Grant
Application to the Idaho Department of Commerce for a grant of up to $500,000 to assist in the
purchase of the facilities for the YFRC, and ECIPDA shall apply for up to $200,000 in a direct
loan from the Rural Economic & Community Development Service (formerly known as Farmers
Home Administration) to purchase said facilities;
NOW, THEREFORE, IT IS HEREBY RESOLVED THAT:
The Ciry Council of the City of Rexburg hereby authorizes its commitment, pending the receipt
of grant funds, for the purchase of the land and building, and also authorizes the submission of
the Economic Development Block Grant Application to the Idaho Department of Commerce for
the purchase of the property at 299 East 4th North. The City Council also authorizes Nile L.
Boyle, Mayor of Rexburg, to sign and execute the Application and all related documents.
RESOLVED this 7th day of Februarv , 1996.
City Council
City of Rexburg
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Nile L. Boyl ,Mayor