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R2021-85 Resolution Authorizing the City of Decatur's Participation in the Revolving Loan Fund Defederalization of the R.L.F. Act
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R2021-85 Resolution Authorizing the City of Decatur's Participation in the Revolving Loan Fund Defederalization of the R.L.F. Act
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5/5/2021 11:12:08 AM
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5/5/2021 11:12:07 AM
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Resolution/Ordinance
Res Ord Num
R2021-85
Res Ord Title
R2021-85 Resolution Authorizing the City of Decatur's Participation in the Revolving Loan Fund Defederalization of the R.L.F. Act
Department
City Manager
Approved Date
5/3/2021
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Section 6:In addition to the requirements above,the City of Decatur,through its subgrantee <br /> (the Community Investment Corporation of Decatur) will use RLF monies for the following: <br /> a. Improve opportunities for expansion of industrial and/or commercial plants and <br /> facilities. <br /> b. Assist in the creation of long-term employment opportunities in the city. <br /> c. Benefit the long-term unemployed and members of low-income families to obtain <br /> and secure employment. <br /> d. Projects and programs that are compatible with and consistent with the city of <br /> Decatur's approved economic development strategies. <br /> e. Acquisition, development or improvement of land and buildings as a development <br /> facility or public service function, including design, engineering, alteration, <br /> expansion or rehabilitation of the same—including related machinery and <br /> equipment. <br /> f. Projects that provide or advance training,research and technical assistance leading <br /> to reducing unemployment and underemployment and overall workforce <br /> development. <br /> g. Establishment of business outreach centers, business clusters and business <br /> incubators. <br /> PRESENTED AND ADOPTED THIS Yd day of May 2021. <br /> �1 <br /> IE MOORE WOLFE,M OR <br /> ATTEST: <br /> C4�� <br /> ITY CLERK <br />
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