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HomeMy WebLinkAboutR-1991-D5971 Trust Fund / LID• RESOLUTION NO. D 5971 A RESOLUTION authorizing the execution of an agreement with the Washington State Department of Community Development for a loan for partial reimbursement of costs for improving North 1st Avenue in the City of Yakima. WHEREAS, the City desires to rebuild and improve 1st Avenue to accommodate heavy truck traffic involved in trans- port of the Yakima Valley fruit industry; and WHEREAS, the businesses along 1st Avenue have agreed to an equitable cost participation in this project; and WHEREAS, a loan for partial reimbursement of the costs of such improvements is available through the Washington State Department of Community Development; and WHEREAS, the City Council deems it to be in the best interest of the City of Yakima to enter into the attached loan agreement, now, therefore, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF YAKIMA: The City Manager and City Clerk of the City of Yakima are hereby authorized and directed to execute the attached and incorporated agreement entitled "Public Works Trust Fund Loan Agreement" with the Washington State Department of Community Development. ADOPTED BY THE CITY COUNCIL this day of 1991. ATTEST: re_a City Clerk (res/prtlreiM.rp)