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09-107 RESOLUTION 09-107 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MENIFEE, CALIFORNIA AUTHORIZING THE SUBMITTAL OF AN APPLICATION TO THE ECONOMIC DEVLEOPMENT AGENCY OF THE COUNTY OF RIVERSIDE FOR FUNDING UNDER THE NEIGHBORHOOD STABILIZATION PROGRAM; THE EXECUTION OF A STANDARD AGREEMENT IF SELECTED FOR SUCH FUNDING AND ANY AMENDMENTS THERETO; AND ANY RELATED DOCUMENTS NECESSARY TO PARTICIPATE IN THE NEIGHBORHOOD STABILIZATION PROGRAM Whereas, the City of Menifee, a political subdivision of the State of California, wishes to apply for and receive an allocation of funds through the Neighborhood Stabilization Program (hereinafter referred to as"NSP"); and Whereas, the Economic Development Agency(hereinafter referred to as"County") has issued a Notice of Funding Availability for NSP and is authorized to approve funding allocation which will be made available directly through the U. S. Department of Housing and Urban Development(HUD) to be used for the proposes set forth in Title III of the Housing and Economic Recovery Act of 2008; and Whereas, the City of Menifee wishes to submit an application to obtain from the County an allocation of NSP funds; Now, therefore, be it resolved, 1. that the City of Menifee shall submit to the County an application to participate in NSP which will request a funding allocation for the allowable activities located in designated Target Areas of the County of Riverside 2. If the application for funding is approved, the City of Menifee hereby agrees to use the NSP funds for eligible activities in the manner presented in the application as approved by EDA and in accordance with regulations cited above. It also may execute any and all other instruments necessary or required by EDA or HUD for participation in NSP. 3. The City of Menifee authorizes the City Manager to execute in the name of the City of Menifee, the application, the Agreement for use of NSP funds, and ALL other documents required by the County or HUD for participation in NSP and ANY amendments thereto. Passed, approved and adopted this day of 2009 by the following vote: Ayes: � 1 j "-Yn /)k r Nays: ` Abstain:Y-L" Absent:Y)Dq /4� et, Attest: Wallace W. Edgerton, Mayor Kathy Bennett, City Clerk Approved as to form: Eliza eth Marlyn-, Ci Atto ney