7.7 HRSR 02-02-2015 - Laserfiche WebLink

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FY 15 VII. LOCAL GOVERNMENT RESOLUTION You must attach a resolution approving this application and committing the source of the loan repayment from the governing body of the municipality in which the site is located. A blank resolution has been attached for your convenience. You may chose to re-format this resolution but make sure to include all of the statements that appear in the resolution. RESOLUTION OF APPLICANT. Applicants must adopt and submit the following resolution. This resolution must be adopted prior to submission of the application package. BE IT RESOLVED that__________________________ act as the legal sponsor for project(s) (Applicant) contained in the Demolition Loan Program to be submitted on________________ (Day, Month, Year) and that ___________________________is hereby authorized to apply to the Department of (Title of Authorized Official) Employment and Economic Development for funding of this project on behalf of ____________. (Applicant) BE IT FURTHER RESOLVED that___________________________ has the legal authority to (Applicant) apply for financial assistance, and the institutional, managerial, and financial capability to ensure adequate project administration. BE IT FURTHER RESOLVED that the sources and amounts of the loan repayment and security identified in the application are committed to the project identified and the _____________ has the authority (Applicant) to incur debt by resolution of the board or council authorizing issuance of a bond or note, payable to DEED to repay and secure the loan. BE IT FURTHER RESOLVED that _____________________________ has not violated any (Applicant) Federal, State or local laws pertaining to fraud, bribery, graft, kickbacks, collusion, conflict of interest or other unlawful or corrupt practice. 8