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R-2014-05 CITY OF CLERMONT RESOLUTION NO.2014-05 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CLERMONT, LAKE COUNTY, FLORIDA AUTHORIZING THE USE OF ONE HUNDRED AND TWENTY-FIVE THOUSAND DOLLARS ($125,000) OF THE CITY OF CLERMONT FUNDING AS LEVERAGE FOR THE SMALL CITIES NEIGHBORHOOD REVITALIZATION COMMUNITY DEVELOPMENT BLOCK GRANT APPLICATION THE CITY IS SUBMITTING TO THE FLORIDA DEPARTMENT OF ECONOMIC OPPORTUNITY FOR FEDERAL FISCAL YEAR 2013 WHEREAS, the City of Clermont (the "City") desires to show evidence of its commitment to provide a specific amount of leverage funding to be used in carrying out the Small Cities Neighborhood Revitalization Community Development Block Grant Application. NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Clermont, Lake County, Florida: 1. That the City hereby commits to providing a minimum of one hundred and twenty-five thousand dollars ($125,000) as leverage for a Community Development Block Grant application in the Neighborhood Revitilization category; and 2. That one hundred and twenty-five thousand dollars ($125,000) of the leverge funding shall come from the City's Water, Storm Water, and General Funds to make drainage improvements and replace water lines within certain areas of the City of Clermont; and 3. That the City understands these funds will be expended; following approval of the Community Development Block Grant, after the Department of Economic Opportunity site visit for the project, but prior to the City submitting the administrative closeout for the project to the Florida Department of Economic Opportunity. 4. This Resolution shall take effect immediately upon its adoption. 1 CITY OF CLERMONT RESOLUTION NO.2014-05 DONE AND RESOLVED by the City Council of the City of Clermont, Lake County, Florida on this 25th day of February,2014. 4 CITY OF CLERMONT -+ al, , ra °• ^ 1-laro d S. Turville,Jr.,Mayor ,Attest: "" 416. YI: .41/ArAt Tracy oyd,o d, Ci Cler City Approved as to and -;.ality: MP- City Attorne 2