HomeMy WebLinkAboutResolution No. R19-22 - Fail -IN ![Qone + ,` +
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WHEREAS, the City Council previously created the Laurel Urban Renewal Agency (LURA), pursuant to
Ordinance No. 08-09 as codified at Title 18, Chapters 18.02 and 18.04 of the Laurel Municipal Code, to provide input
and recommendations regarding the most effective uses of resources gained from the Tax Increment Finance (TIF)
District; and
WHEREAS, the City Council appointed a LURA Board of Commissioners, pursuant to Resolution No. R08-
123, who are responsible for providing guidance and recommendations to the City Council as to the best use of
unencumbered available tax increment funds consistent with the Urban Renewal Plan that was additionally adopted
by the City Council andcodified at Chapter 18.04.020 of the Laurel Municipal Code; and
WHEREAS, the City Council previously created a grant program called the Large Grant Request Program
and the Program initially included a maximum grant of $75,000 per eligible grantee for qualified projects which was
subsequently raised to $100,000 by the City Council through Resolution No. R17-05; and
WHEREAS, the LURA Board of Commissioners determined that based upon the program's success and the
increasing numbers of requests for grants, that it is hi the best interest of the City to further increase the maximum
grant amount to $225,000; and
WHEREAS, the City Council reviewed the recommendation provided by the LURA Board of
Commissioners and Staff and has determined that increasing the maximum grant available through the Large Grant
Request Program is consistent with the goals and objectives contained in the City's Urban Renewal Plan and is in the
best interest of the City of Laurel and its citizens.
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Laurel, Montana, that the Large
Grant Request Program is modified to increase the maximum available grant under such program from $100,000 to
$225,000. The remaining terms and conditions of the Large Grant Request Program shall remain in effect.
Introduced at a regular meeting of the City Council on June 18, 2019, by Council Member
mak. lec
PASSED and APPROVED by the City Council of the City of Laurel this 18`h day of June 2019.
APPROVED by the Mayor this 18`h day of June 2019.
CITY OF L REL
Thomas C. Nelson, Mayor
R19-22 Modifying the Large Grant Request Program Maximum Grant