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Council approves $50,000 DOLA predevelopment application for Rangely duplex project
Summary
The council approved applying to the Colorado Division of Housing for a $50,000 predevelopment grant to support site work and predevelopment for three lots for the Rangely Duplex project and authorized Interim Town Manager Lisa Perring to sign the application.
The Rangely Town Council voted to approve an application to the Colorado Department of Local Affairs (Division of Housing) for a $50,000 predevelopment grant to support the Rangely Duplex project. The council's approval covers a predevelopment request for three lots; the town manager said the request includes earlier expenses such as an appraisal and closing costs but that the grant maximum is $50,000 and the town expects to spend little or no additional town funds.
Council also approved a letter authorizing Interim Town Manager Lisa Perring to be the town's authorized officer and signatory for the grant application and agreement. Todd Bank moved the authorization and Sean Morgan seconded; the council recorded the motion as carried. The council noted the town will seek reimbursements through grant processes where applicable.
