HomeMy WebLinkAboutR-1992-D6089 Timber CERB-PWTF / Ind. ParkRESOLUTION NO. D 6089
A RESOLUTION authorizing the submission of a loan application from the City of
Yakima, Washington, in partnership with the Yakima County
Development Association, to the State of Washington, Public
Works Trust Fund as part of the "Timber CERB/PWTF Program."
WHEREAS, the City of Yakima is the center of trade and commerce for the
Yakima Valley and Central Washington; and
WHEREAS, Timber related industries are a major component of the
employment composition of the Yakima Valley; 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 YA1UMA:
the City Manager and City Clerk of the City of Yakima are hereby authorized
and directed to execute the loan application which is attached to and incorporated
into this resolution.
ADOPTED BY THE CITY COUNCIL this 711i -i. day of A -M--41— , 1992.
ATTEST:
Ci
erk
Mayor