HomeMy WebLinkAboutR-1992-D6046 Ind. ParkRESOLUTION NO.D 6 0 4 6
A RESOLUTION authorizing execution of a grant agreement with the
U. S. Department of Commerce, Economic Development
Administration in connection with the Yakima Industrial
Park located from 6th to 16th Avenue and River Road,
and Highway 12.
WHEREAS, the City of Yakima is in the process of applying for
Economic Development Assistance funds in the amount of $774,180 as a
part of a $1,659,679 industrial development preparation program; and
WHEREAS, this application is a result of many years of need
identification, strategy development, and feasibility studies pointing the
necessity for this project, the Yakima Industrial Park, a 140 acre plus
site located from 6th to 16th Avenues and River Road, and Highway 12; and
WHEREAS, the funds will be used for the installation of a sanitary
sewer main, industrial service roads and intersection improvements; and,
WHEREAS, the Yakima Valley currently lacks an adequate site for
future industrial opportunities and the development of an industrial park
will benefit the entire Yakima region; and
WHEREAS, without the assistance for the off-site costs of utility
extensions and roadway improvements, an industrial park could not be
developed by the private market; and
WHEREAS, the City has legal authority to encourage economic
development as well as to build and improve public water mains, sewer
and streets; and
WHEREAS, the City of Yakima wishes to enhance the opportunities
for new employment and industrial diversification in the Yakima Valley,
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 grant application which is attached
to and incorporated into this resolution.
ADOPTED BY THE CITY COUNCIL this // day of January, 1992.
ATTEST:
City Clerk
Mayor