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1990-055-Approving An Application For Funding From The State Sudden And Severe Economic Dislocation Grant ProgramRESOLUTION 1990 -55 RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS APPROVING AN APPLICATION FOR FUNDING FROM THE STATE SUDDEN AND SEVERE ECONOMIC DISLOCATION GRANT PROGRAM WHEREAS, the Town Council has reviewed and hereby approves an application for a grant from the Sudden and Severe Economic Dislocation Grant Program in the amount of $50,000.00 to assist in the formation of a Redevelopment Agency to aid in the economic recovery of the downtown area. BE IT RESOLVED by the Town Council of the Town of Los Gatos as follows: The Planning Director /Deputy Town Manager is hereby authorized and directed to act on the Town's behalf in all matters pertaining to this application. PASSED AND ADOPTED at a regular meeting of the Town Council held on March 5, 1990, by the following vote: COUNCIL MEMBERS: AYES: Joanne Benjamin, Eric D. Carlson, Robert L. Hamilton, Brent N. Ventura, Mayor Thomas J. Ferrito NAYS: ABSENT: ABSTAIN: /I SIGNED: AYOR OF OWN OF LOS GATOS LOS GATOS, IFORNIA ATTEST: 4 n CLERK OF THE TOWN OF LOS GATOS LOS GATOS, CALIFORNIA PL06 \cnclrpts \reso1.eq