Ord 2052 - Accept Loan Econ Deve
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COUNCIL BILL NO. 1271
ORDINANCE NO. 2052
AN ORDINANCE AUTHORIZING THE ACCEPTANCE OF A LOAN OF $518,345.00
FROM THE ECONOMIC DEVELOPMENT OF THE STATE OF OREGON FOR THE
COMPLETION OF CERTAIN INFRASTRUCTURE IMPROVEMENTS AND DECLARING
AN EMERGENCY.
WHEREAS, the City desires to stimulate economic development for the benefit of
the community; and
WHEREAS, the City is in need of improving water and sewer linkages in the
freeway interchange area to benefit the health and safety of local residents; and
WHEREAS, the City previously made application to the Oregon Economic
Development Department for funding to allow completion of these infrastructure
improvements; and
WHEREAS, the Council has previously acted by Resolution No.1 019 to facilitate
the completion of this infrastructure development, NOW, THEREFORE,
THE CITY OF WOODBURN ORDAINS AS FOLLOWS:
Section 1. The City of Woodburn authorizes acceptance of a loan from the
Economic Development Department, Community Development Program, State of Oregon,
in the amount of $518,345.00 pursuant to a loan agreement in substantially the form
attached hereto as Exhibit "A" with such revisions as may be approved by the Woodburn
City Administrator upon the terms and customarily and by its regulations made available
for municipal infrastructure improvements under ORS 284.310 et. seq., payable from the
sources described in ORS 284.41 o (2)(a) through (e); and authorizes the Woodburn City
Administrator to execute such documents, the loan agreement, other project agreements
and such other documents, certificates or agreements as shall be necessary to obtain
such a loan.
Section 2. Emergency Clause. This ordinance being necessary for the
immediate preservation of the public peace, health, and safety, an emergency is declared
Page 1 -
COUNCIL BILL NO. 1271
ORDINANCE NO. 2052
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to exist and this ordinance shall take effect immediately upon passage by the Council and
approval by the May~ /\ O/) 1_ 11- 4 I
Approved as to form: I f.ry>(J /~
City Attorney Date
APPROVED:~ ~
FRED W. KYSE AVOR
Passed by the Council
Submitted to the Mayor
Approved by the Mayor
Filed in the Office of the Recorder
ATTEST: ~CUlt. ~/1~+
Mary Tenna ,Deputy Recorder
City of Woodburn, Oregon
January 14. 1991
January 16, 1991
January 16, 1991
January 16, 1991
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COUNCIL BILL NO. 1271
ORDINANCE NO. 2052
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