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HomeMy WebLinkAboutRES 1986-005 RESOLUTION NO. 86-05 A RESOLUTION APPROVING AND ENDORSING THE PLANNED THREE-YEAR COMMUNITY DEVELOPMENT PROJECT UPDATE FOR THE CITY OF GRAPEVINE, TEXAS �. � WHEREAS, the City of Grapevine, Texas shares in a cooperative agreement with Tarrant County for essential community �, ,x development assistance activities under Public Law 93-383 , The Housing and Community Development Act of 1974, as amended; and WHEREAS, annual updating of the three-year Community Development Block Grant plan is required for disbursement of appropriate funds; and WHEREAS, two public hearings have been duly held by the City of Grapevine for the purpose of identifying and discussing community development needs for receiving and adopting community development projects; and WHEREAS, after said public hearings and due consideration, the City Council of the City of Grapevine, Texas has determined that the project, rehabilitation of utility systems and housing in the target area, was eligible for funding under this Act, and has approved the filing of an application for said funding; and WHEREAS, it is understood that any funds not expended on the specifically approved project will revert to the Community Development Contingency Fund. � . NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE �,,,� CITY OF GRAPEVINE, TEXAS : Section 1 . That said planned three-year community develop- ment plan update for the City of Grapevine, Texas be approved and endorsed. PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS on this the 4th day of February, 1986. APPROVED: Mayor ATTEST: .� �=� Cit Secretary APPROVED AS TO FORM: City Attorney