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<br />RESOLUTION <br /> <br />AUTHORIZING THE PREPARATION AND FILING OF AN APPLICATION FOR <br />COMMUNITY IMPROVEMENT GRANT FUNDS THROUGH THE VIRGINIA SMALL <br />CITIES COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM <br /> <br />WHEREAS, the City of Martinsville has participated in the Small Cities Community <br />Development Block Grant (CDBG) program under the Virginia Department of Housing and <br />Community Development 2009 Competitive Grant program by undertaking a project with <br />Landmark Group which will involve converting a vacant former factory building into loft <br />apartments; and <br /> <br />WHEREAS, the City ofMartinsville is eligible for and wishes to submit a 2009 CDBG <br />Low Moderate Income Housing project application for a total request of $500,000 to the Virginia <br />Department of Housing and Community Development for grant funds by April 1, 2009 for <br />consideration during the 2009 CDBG funding round; and <br /> <br />WHEREAS, the City has identified and designated a redevelopment area pursuant to Title 36 of <br />the Code of Virginia with said area being characterized by slums and blight due to building, <br />infrastructure, and site deterioration which has served as a disincentive for private investment <br />leading to unrealized commercial growth and underutilized buildings; and <br /> <br />WHEREAS, the City of Martinsville acknowledges the provisions of Title 36, Article 7 of the <br />Code of Virginia; and <br /> <br />NOW, THEREFORE, be it resolved by the Council of the City of Martinsville, Virginia that: <br />The City of Martinsville wishes to apply for a FY 2009 CDBG Housing grant in the amount of <br />$500,000 for the conversion of Martinsville Novelty Corporation into low-moderate income <br />housing using Historic Tax Credits for the purpose of providing housing and undertaking <br />physical and economic blight removal; and hereby authorizes the City Manager to execute and <br />file all appropriate documents necessary for the submission of the City of Martinsville 2009 <br />Community Development Block Grant application of April 1, 2009 and to provide such <br />additional information as may be required by the Virginia Department of Housing and <br />Community Development. <br /> <br />Attest: <br /> <br />March 24, 2009 <br /> <br />Clarence C. Monday, Clerk of Council <br />