HomeMy Public PortalAbout89-041 (03-07-89)RESOLUTION NO. 89-41
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF LYNWOOD AMENDING SECTION 1.02(G)
OF THE CObIIKERCIAL REHABILITATION GUIDELINES
TO INCREASE THE MAXIMUM REBATE TO TWENTY
THOUSANDS DOLLARS ($20,000)
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WHEREAS, on March 15, 1988, the Lynwood City Council
approved financial incentives for participation in Facade
Improvement Program Target Areas; and
WHEREAS, said incentives erroneously included a maximum
rebate of $10,000; and
WHEREAS, the maximum rebate should be have been established
at $20,000 to provide adequate incentive to encourage property
owner participation.
NOW, THEREFORE, the City Council of the City of Lynwood
does hereby find, order, determine and resolve as follows:
SECTION 1. The City's Commercial Rehabilitation Guide-
lines at Section 1.2(G) is hereby amended as follows:
A rebate of 50~ of the cost of exterior improvements,
(up to $20,000) consistent with approved guidelines,
will be provided to property owners in the designated
target area.
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SECTION 2. This amendment is approved retroactive to March
15, 1988.
PASSED, APPROVED and ADOPTED this 7th day of March ,
1989.
EVELYN W LS, MAYOR
City of ynwood
ATTEST:
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ANDREA L. HOOPER, CITY LERK
City of Lynwood
APPROVED AS TO FORM:
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CI EY
APPROVED AS TO CONTENT:
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CENTE L. M , ~ TOR
Community Development Department
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FINANCE DIRECTOR
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