10/19/1976 - Laserfiche WebLink

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NATURE. FIRST WAS THE ECONOMIC DEVELOPMENT !ADMINISTRATION TITLE 1 AND POS- SIBLY TITLE II PROGRAM. HE CONTINUED THAT THEY HAVE LEARNED THAT IN ORDER TO BE ELIGIBLE FOR EDA GRANTS THE APPLICATION HAS TO BE PUT TOGETHER COMPLETELY AND SUBMITTED WITHOUT DELAY, AS THERE WILL BE A LARGE NUMBER OF APPLICATIONS SUBMITTED FROM THIS STATE OF WHICH ONLY A SMALL PERCENTAGE WILL BE FUNDED, AND THE APPLICATIONS WILL BE RANKED ON READINESS TO GO; I.E., REAL ESTATE ACQUISITION, PUBLIC HEARINGS, PLANS AND SPECIFICATIONS AND PERMITS, ETC. DR. SMITH CONTINUED THAT IT, THEREFORE, BECOMES A DECISION ON THE PART OF THE BOARD AS TO WHETHER THEY WISH TO ATTEMPT TO ACCELERATE A PROGRAM AT THIS POINT AND GET A COMPLETE APPLICATION READY WITHIN THE NEXT EIGHT WEEKS. HE NOTED THAT THE NUMBER ONE AREA DISCUSSED, THE GIFFORD AREA, IS ALSO THE LEAST EXPENSIVE OF THE THREE MENTIONED. DR. SMITH INFORMED THE BOARD THAT HE HAS BEEN IN CONFERENCE WITH WILLIAM WEATHERS OF FARMERS HOME ADMINISTRATION PERTAINING TO THE POSSIBILITY OF FHA FUNDS AND WAS TOLD THEY HAVE AMPLE LOAN MONEY AVAILABLE IF THE AREA MEETS THE CRITERIA. HE NOTED THAT YOU CANNOT GET 100% FUNDING THIS WAY, A CERTAIN PERCENTAGE WOULD HAVE TO BE ON A LOAN BASIS, AND ALSO POINTED OUT THAT THIS WOULD. NOT BE QUITE AS MUCH OF A CRASH PROGRAM AS APPLYING FOR THE EDA GRANT. HE THEN SUGGESTED THE POSSIBILITY OF FOLLOWING THE EDA ROUTE AND IF THIS FAILS, TURNING TO FHA. DR, SMITH STATED THAT IT WOULD TAKE $2,000 OR $3,000 MORE FRONT MONEY TO GET THE EDA APPLICATION IN AS IT REQUIRES AN ENVIRONMENTAL IMPACT STUDY AND PUBLIC�HEARINGS WHICH ARE NOT REQUIRED BY FHA. ALSO THE MONEY FOR THE PREPARATION OF THE APPLICATION IS NOT REIMBURSABLE UNDER THE EDA GRANT. CHAIRMAN SIEBERT STATED HE FELT IT WOULD BE BEST TO GO WITH THE GIFFORD AREA AS A BIGGER PROJECT WOULD BE TOO AMBITIOUS AT THIS TIME AND WE WOULD NOT BE ABLE TO GET THE TOTAL APPLICATION READY QUICKLY ENOUGH. INTERGOVERNMENTAL COORDINATOR THOMAS SUGGESTED THE COST OF THE ENGINEERING FOR THIS APPLICATION BE DISCUSSED AS IT IS NOT BUDGETED AND THE $2,000 OR $3,000 ALREADY MENTIONED WOULD ONLY BE PART OF THE COST OF PREPARING THE APPLICATION. DR. SMITH STATED THAT BASED ON PREPARING AN APPLICATION FOR THE GIFFORD AREA ALONE, THE FRONT END LOAD FOR ENVIRONMENTAL ASSESSMENTS, PERMITS, ETC., WOULD COST $8,000 TO $10,000, AND THE PLANS AND SPECIFIC..; CATION 'WOULD BE ABOUT $20,000 TO $25,000. 20 OCT 2 0197r��