HomeMy WebLinkAboutResolution 2020-036RESOLUTION NO. 2020-036
A RESOLUTION OF THE CITY OF NORTH RICHLAND HILLS, TEXAS,
AUTHORIZING THE APPLICATION FOR THE FISCAL YEAR 2020
ECONOMIC DEVELOPMENT ADMINISTRATION PUBLIC WORKS
AND ECONOMIC ADJUSTMENT ASSISTANCE PROGRAM
INCLUDING CARES ACT FUNDING.
WHEREAS, on March 27, 2020, U.S. lawmakers signed into law a 2 trillion dollar
stimulus bill called the Coronavirus Aid, Relief, and Economic Security
(CARES) Act to mitigate the impact of an economic downturn set in motion
by the global coronavirus pandemic; and
WHEREAS, the CARES Act provided the Economic Development Administration (EDA)
with 1.5 billion dollars to prevent, prepare for, and respond to challenges
presented by the coronavirus, including necessary expenses for responding
to economic injury as a result of the pandemic; and
WHEREAS, the EDA intends to make these funds available through the Economic
Adjustment Assistance (EAA) program using the existing procedures
specified in the Fiscal Year 2020 Public Works and Economic Adjustment
Assistance Notice of Funding Opportunity (FY20 PWEAA NOFO); and
WHEREAS, the City of North Richland Hills, TX is part of a Comprehensive Economic
Development Strategy (CEDS), and resides within the North Central Texas
Economic Development District (NCTEDD), a requirement for EDA funding
eligibility; and
WHEREAS, the City Council of North Richland Hills finds it in the best interest to respond
to the negative economic impacts stemming from the coronavirus in addition
to supporting essential local businesses as they prevent, prepare and
respond to the current pandemic; and
WHEREAS, Iron Horse Boulevard, a City roadway, serves 1.2 million square feet of
commercial real estate space, 37 businesses and 832 jobs; and
WHEREAS, Iron Horse Boulevard between York Street and Browning Drive has
deteriorated past its useful life, creating challenges for local businesses to
respond, prompting them to consider a change in location in order to
maintain and grow their respective operations;
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
NORTH RICHLAND HILLS, TEXAS AS FOLLOWS:
SECTION 1. The findings set forth in the recitals of this Resolution are hereby found to
Resolution No. 2020-036
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be true and correct and are hereby adopted as findings of the City Council
and are incorporated into the body of this Resolution as if fully set forth
herein.
SECTION 2. The City Council agrees to apply for CARES Act funds through Economic
Development Administration's Economic Adjustment Assistance program to
reconstruct Iron Horse Boulevard between York Street and Browning Drive
in order to assist local businesses as they prepare and respond to economic
and social disruptions.
SECTION 3. The City Council agrees to provide a 20% match toward the total project
cost, which is estimated to be up to $9,120,000.
SECTION 4. The City Council designates the 20% match from cash, in the estimated
amount of up to $1,824,000, where the funds are available as needed,
unencumbered, and are to be committed to the project.
SECTION 5. This Resolution shall become effective from and after its date of passage in
accordance with law.
PASSED AND APPROVED on this 24th day of August, 2020.
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ATTEST: ��; •.0�=
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Alicia Richardson, City
APPROVED AS TO FORM AND LEGALITY:
Maleshia B. McGinnis, City Attorney
APPROVEDk AS ITO CONTENT:
Craig Hul�7 conomic Development Director
Resolution No. 2020-036
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