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• <br /> RESOLUTION NO. 763-19 <br /> A RESOLUTION AUTHORIZING THE USE OF SEVEN HUNDRED AND FORTY <br /> THOUSAND DOLLARS (S740,000_00) OF CITY OF ZEPHYRHILLS FUNDING AS GAP <br /> FUNDING FOR THE SMALL CITIES COMMUNITY DEVELOPMENT BLOCK <br /> GRANT APPLICATION IN THE ECONOMIC DEVELOPMENT CATEGORY THE <br /> CITY IS SUBMITTING TO THE FLORIDA DEPARTMENT OF ECONOMIC <br /> OPPORTUNITY FOR FEDERAL FISCAL YEAR 2018_ <br /> WHEREAS,the City of Zephyrhills (the "City") desires to show evidence of its commitment to <br /> . provide a specific amount of gap funding to be used in carrying out the Small Cities Economic <br /> Development Community Development Block Grant Application. <br /> NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br /> ZEPHYRHILLS,FLORIDA: <br /> 1_ That the City hereby commits to providing seven hundred and forty thousand dollars <br /> ($740,000.00) of gap funding as needed for a Community Development Block Grant application <br /> in the Economic Development category being submitted for the FF-Y-2018 Application cycle; and <br /> 2_ That all of-the gap funding needed shall come from the City's General Fund for the construction <br /> line item activity. <br /> 3_ That the City understands these funds will be expended, following approval of the Community <br /> Development Block Grant,after the Department of Economic Opportunity site visit for the project, <br /> but prior to the City submitting the administrative closeout for the project to the Florida <br /> Department of Economic Opportunity_ <br /> 4_ This Resolution shall take effect immediately upon its adoption_ <br /> The„Vctgpsig3ia,4.:Rer4 adorn No_ 763-19 was read and passed in an open and regular meeting of-the <br /> . Citzom cil of ih43 ,k pf Zephyrhills, Florida, on 1 s<day of July, 2019. <br /> Q 1,,gri L. 11nllmarn,_City Clerk "- eth M_ Burgess's r_, .uncil President <br /> The foreg644NU`Rk06 tion No. 763-19 was approved by me this 1sT day of July, 2019_ <br /> Gene Whit`�ld,1VIayor <br /> Approved as to legal form and legal content <br /> or the sole reliance of the City of Zephyrhills <br /> Matthew gga:'oa�it, Y Attorney <br /> ■ <br />