Narrative of Resolution:
title
Authorize the application for the Restore New York Round 7 Grant Program.
end
body
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Amount to be authorized by Resolution: N/A
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RESOLUTION INTRODUCED BY THE PLANNING, COMMUNITY DEVELOPMENT, REAL PROPERTY, CAPITAL PLANNING & BUDGETING COMMITTEE TO AUTHORIZE THE APPLICATION FOR THE RESTORE NEW YORK ROUND 7 GRANT PROGRAM
WHEREAS, the County of Sullivan ("County") is interested in promoting community and economic development, historic preservation, vacancy reduction, Main Street revitalization, small business development, and neighborhood stability; and
WHEREAS, the County's Joint Comprehensive Plan with the Town of Thompson numerates goals to: revitalize Broadway as a center of commerce and tourism by improving and making better use of its physical infrastructure, creating incentives for new investment, encouraging the restoration of the streetscape to its historical character, and improve the pedestrian experience with attractive shops, storefronts, and civic institutions; and
WHEREAS, the County, in cooperation with the Town of Thompson and the Village of Monticello developed the Grow the Gateways Plan that identified the Broadway Corridor as an important gateway for redevelopment; and
WHEREAS, the County is cooperating with and collaborating on the Restore NY Round 7 Grant application with the Sullivan County Land Bank and RUPCO, Inc. to redevelop several buildings on the Broadway corridor; and
WHEREAS, the aforementioned developers will be financing the project with private and public grant and loan funding and the proposed financing is appropriate for the specific project; and
WHEREAS, Empire State Development has issued a Request for Funding Proposals for Round 7 Restore NY Communities Initiative providing municipalities with financial assis...
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