HomeMy WebLinkAboutReso 126-1993 RESOLUTION NO. 126-93
CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA
A RESOLUTION INCREASING THE CDBG GRANT AMOUNT
PREVIOUSLY AWARDED TO FOWLER BUILDING
WHEREAS, the City Council previously awarded a $5,000 C.D.B.G.
Grant and a $50,000 Matching C.D.B.G. Grant to the Fowler Building;
and
WHEREAS, after the award of the Grant the owners of the Fowler
Building requested that half of their matching contribution be in
the form of a $25,000 credit for the recently completed seismic
retrofitting of the building; and
WHEREAS, allowing the credit for the completed seismic work,
it is required that additional funds be allocated for facade
renovation, new cornice, awnings, exterior painting and new entry
door.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City
of South San Francisco as follows:
1. An additional $25,000 loan at 0% interest, amortized over
10 years be awarded for the Fowler Building renovation.
2. The budget for the Fowler building at 262 Grand Avenue is
hereby increased by $25,000, to reflect the above-referenced loan.
I hereby certify that the foregoing Resolution was regularly
introduced and adopted by the City Council of the City of South San
Francisco at a re§u]ar meeting held on the 22nd day of
September , 1993 by the following vote:
AYES:
Councilmembers Jack Drago, Joseph A. Fernekes, John R. Penna
Robert Yee, and Mayor Roberta Cerri Tealia
NOES: None
ABSTAIN: None
ABSENT: None
ATTEST: