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1975-058 Authorizing Acceptance of Grant to Install Water/Sewer EDA Bond Issue25 RESOLIITION N0. A RESOLIITION AIITHORIZING THE ACCEPTAATCE OF A GRANT OF MONEY FOR CONSTRIICTION OF CE&TAIN WATER LINES AND INSTALLATION, TETHER WITH CERTAIN SEWAGE LINES AND INSTALLATIONS FOR THE HEALTH AND WELFARE OF THE RESIDENTS AND BIISINESSES WITHIN THE CITY OF MERIDIAN. BE IT ORDAINED BY THE MAYOR AVID CITY COIINCIL OF THE CITY OF MERIDIAN, ADA COIINTY, IDAHO: WHEREAS, the City of Meridian has been granted certain funds from the II.S. Department of Commerce Economic Development Administration, and WHEREAS, these funds are necessary and needed by the City of Meridian to improve the quality of the services of ureter delivery , and sewage treatment for the City of Meridian, and WHEREAS, the residents of the City of Meridian have passed a bond issue in the amount of Two Million Three Hundred Twenty-FYve Thousand Dollars ($2,325,000.00) to guarantee the municipal share of matching funds, and WHEREAS, the Mayor is designated as the official representative of the City of Meridian. NOW, THEREFORE, BE IT RESOLVED BY TAE MAYOR AND CITY COUNCIL OF THE CITY OF MERIDIAN, ADA COIINTY, IDAHO: that the City accept the Grant offer of the Economic Development Administration in the amount of $1,445,000.00 representing oae-half of a total project-cost of X2,890,000.00 involved in enlarging, laying and improving of the water and sewage facilities of the City of Meridian. ADOPTID by the Council of the City of Meridian this 12th Day of May, 1975. APPROVED by the Mayor of the City of Meridian, this 12th Day of May, 1975. YOR ATTEST: Clerk // /~ZC' v-is-7.s su-8 .~ i<s-7S Ada -DRe P/H~ir'ai~ ~S-~S 75