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2011/07/18 (2) yy I 'J1111'1 CITY OF •MIIM. CANADA - N FAQ The City of Niagara Falls, Ontario Resolution July 18, 2011 No. 34 Moved by Councillor Pietrangelo Seconded by Councillor Morocco WHEREAS the Regional Municipality ofNiagara (the Region) has program called the Residential Conversion and Intensification Loan Program (the "Program "); and WHEREAS the Program is a part of the Region's Smarter Niagara Incentives; and WHEREAS at the June 27, 2001 meeting, Niagara Falls City Council approved report PD -201 1 -43 for a residential property loan application for 4410 -4414 Queen Street (Keefer Development & Historic Niagara); and WHEREAS the proposal is for seven, 2- bedroom apartments and twenty- three, 1 bedroom apartments (total of 30 residential apartments); and WHEREAS approval under the Program will mean that the Region will cover half of the loan cost; and THEREFORE BE IT RESOLVED that the Council of Corporation of the City of Niagara Falls supports an application to Regional Municipality of Niagara for the Residential Conversion and Intensification Loan Program for 4410 -4414 Queen Street (Keefer Development & Historic Niagara). Carried Unanimously AND The Seal of the Corporation be hereto affixed. D AN IOR I DA JAMES M. DIODATI CITY CLERK MAYOR