00-0765R

RESOLUTION AUTHORIZING A NEIGHBORHOOD MATCHING GRANTS FUND AGREEMENT WITH THE HILLSIDER - A COMMUNITY NEWSLETTER IN AN AMOUNT NOT TO EXCEED $10,000.

BY PRESIDENT GILBERT:

RESOLVED, that the proper city officials are hereby authorized to enter into a neighborhood matching grants fund agreement substantially in the form of that on file in the office of the city clerk as Public Document No. _______________, with The Hillsider - A Community Newsletter in an amount not to exceed $10,000, payable from Fund 100, Agency 700, Org. 1417, Obj. 5490.


STATEMENT OF PURPOSE:  The purpose of this resolution is to authorize a neighborhood matching grants fund agreement with the Hillsider - A Community Newsletter.  The $10,000 in city funds are being matched by $9,320 from the neighborhood to underwrite the production and distribution of a community-based newsletter, "The Hillsider."  This nonprofit publication provides the city's East and Central Hillside neighborhoods with community information to a depth and local focus not currently provided by the traditional commercial media.  The East Hillside/Endion Neighborhood Coalition ranked a community newsletter as their number one priority for economic development.