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DATE: 8/19/02 |
SUBJECT: FINAL READING OF ORDINANCE NO. 2002-O-182 Authorizing the City Manager to accept a grant in the amount of $1,000,000 from the U.S. Department of Commerce, Economic Development Administration (EDA), for the “Calle Iturbide” Project, also known as the “Streets of Laredo Urban Mall”; to execute all related documentation, and to amend the City of Laredo FY2001-2002 Annual Budget by appropriating revenues and expenditures in the amount of $1,450,000 which includes previously budgeted CDBG funds of $450,000 used as program match. |
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INITIATED BY: STAFF SOURCE: Mr. Larry Dovalina Mr. Erasmo Villarreal City Manager C.D. Director |
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PREVIOUS ACTION: On August 5, 2002, a public hearing was held and an introductory ordinance was passed by City Council. |
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BACKGROUND: The City of Laredo submitted an application to the U.S. Department of Commerce, Economic Development Administration (EDA), requesting federal funds for the conversion of 1100-1300 Iturbide Street into a “Streets of Laredo Urban Mall” featuring infrastructure and street enhancement improvements. The improvements consist of the following: street paving and crosswalks, sidewalks, a water system, a wastewater system, a storm drainage system, electric, gas, and telephone lines, lighting, landscaping, an irrigation system, street furniture including benches, trash receptacles, bike racks, and the installation of an air cooling mist system. On May 14, 2001, the U.S. Department of Commerce, Economic Development Administration (EDA), awarded a $1,000,000 grant to the City of Laredo. The City allocated a total of $450,000 from the U.S. Housing & Urban Development, Community Development Block Grant (CDBG), $300,000 from the 25th Action Year and $150,000 from the 26th Action Year, to match EDA’s federal grant. |
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FINANCIAL:
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STAFF: Recommends that a public hearing be held and that Council introduce the ordinance. |
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ORDINANCE NO. 2002-O-182
AUTHORIZING THE
CITY MANAGER TO ACCEPT A GRANT IN THE AMOUNT OF $1,000,000 FROM THE U.S.
DEPARTMENT OF COMMERCE, ECONOMIC DEVELOPMENT ADMINISTRATION (EDA) FOR THE
“CALLE ITURBIDE” PROJECT, ALSO KNOWN AS THE “STREETS OF LAREDO URBAN MALL”; TO
EXECUTE ALL RELATED DOCUMENTATION, AND TO AMEND THE CITY OF LAREDO FY2001-2002
ANNUAL BUDGET BY APPROPRIATING REVENUES AND EXPENDITURES IN THE AMOUNT OF
$1,450,000 TO INCLUDE PREVIOUSLY BUDGETED CDBG FUNDS OF $450,000 USED AS MATCH:
WHEREAS, the City of Laredo is committed to undertake downtown revitalization efforts in order to promote economic development and preserve the City’s Central Business District as a major center for retail trade; and
WHEREAS, the City of Laredo submitted an application to the U.S. Department of Commerce, Economic Development Administration (EDA), requesting federal funds for the conversion of 1100-1300 Iturbide Street into a “Streets of Laredo Urban Mall” featuring infrastructure and street enhancement improvements; and
WHEREAS, the U.S. Department of Commerce, Economic Development Administration (EDA), awarded a $1,000,000 grant to the City of Laredo on May 14, 2001; and
WHEREAS, the City of Laredo allocated a total of $450,000 from the U. S. Housing & Urban Development, Community Development Block Grant, $300,000 from the 25th Action Year and $150,000 from the 26th Action Year, to match EDA’s federal grant in order to facilitate and expedite the necessary improvements as have been identified; and
NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LAREDO, THAT:
1. The City Manager be authorized to accept a grant in the amount of $1,000,000 from the U.S. Department of Commerce, Economic Development Administration (EDA), for the “Calle Iturbide” Project, also known as the “Streets of Laredo Urban Mall,” and to execute all related documentation.
2. The City Manager be authorized to amend the City of Laredo FY2001-2002 annual budget by appropriating revenues and expenditures for $1,450,000 which include previously budgeted CDBG funds of $450,000 used as program match:
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Revenues |
Original Budget |
Proposed Budget |
Budget Amendment |
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EDA |
$0 |
$1,000,000 |
$1,000,000 |
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CDBG |
$0 |
$450,000 |
$450,000 |
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Total |
$0 |
$1,450,000 |
$1,450,000 |
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Expenses |
Original Budget |
Proposed Budget |
Budget Amendment |
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Admin. Fees |
$0 |
$1,000 |
$1,000 |
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A/E Fees |
$0 |
$171,200 |
$171,200 |
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Inspection |
$0 |
$35,500 |
$35,500 |
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Relocation |
$0 |
$100 |
$100 |
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Construction |
$0 |
$1,180,000 |
$1,180,000 |
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Miscellaneous |
$0 |
$62,200 |
$62,200 |
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Total |
$0 |
$1,450,000 |
$1,450,000 |
PASSED BY THE CITY COUNCIL AND APPROVED BY THE MAYOR ON THIS
____ DAY OF __________ 2002.
_________________________
ELIZABETH G. FLORES
MAYOR
ATTEST:
_________________________
GUSTAVO GUEVARA, JR.
CITY SECRETARY
APPROVED AS TO FORM:
_________________________
JAIME L. FLORES
CITY ATTORNEY