The meeting on August 17, 2022, was a public hearing held by the Community Development Agency of Fall River, Massachusetts. Its purpose was to gather public input on the city's proposed substantial amendment to its Year 3 CDBG Year 48 Annual Action Plan, specifically for a Section 108 loan guarantee from the U.S. Department of Housing and Urban Development (HUD). The city is seeking up to $3 million to purchase new fire equipment to replace aging apparatus currently used by the Fall River Fire Department. The public hearing was announced in the Herald News on July 29, 2022, and is a requirement under HUD regulations for citizen participation. Attendees were informed that a draft of the proposed Section 108 application would be published on August 26, 2022, on www.fallriverma.org and made available at the Fall River Community Development Agency office. Another public hearing is scheduled for September 7, 2022, at 6 PM in the City Council Chambers to allow further review and comment. Residents have until September 26, 2022, to submit additional comments. The City Council is expected to consider a resolution on October 11, 2022, to authorize Mayor Paul E. Coogan to file the Section 108 loan application with HUD around October 19, 2022. No residents or interested parties were present to speak at this public hearing, and it was subsequently closed.
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Council
good evening tonight's public hearing is being held to provide residents of fall river and all interested parties the opportunity to express their views on the city's proposed substantial amendment to its year 3 cdbg year 48 annual action plan for a section 108 loan guarantee from the u.s department of housing and urban development the loan request will be for up to 3 million dollars and funding
0:29will be used for the purchase of fire equipment this equipment will replace aging equipment currently in use by the fall river fire department the city is required under hud regulation to obtain the views of citizens on community development needs in accordance with its citizens participation plan announcement was made in the herald news on july 29 2022 stating that the city's intent to
0:56submit a substantial amendment to hud and solicit public input hud's section 108 program was enacted as part of the housing and community development act of 1974 as the loan guarantee provision of the community development block grants program the section 108 program offers local governments a flexible source of financing for economic development housing public facilities and large-scale physical development
1:24projects hud regards this program as one of the most potent and important public investment tools offered to local governments it allows them to transfer a small portion of the cdbg funds into federally guaranteed loans large enough to pursue local projects that can improve entire neighborhoods local governments must pledge their future cdbg allocations to cover as security for the loan
1:53copies of of the projected use of funds are available to you tonight at the signing table testimony statements letters requests and petitions submitted at tonight's hearing will be used in the development of the section 108 loan application a draft of the proposed section 108 application will be published on august 26 on the city's website www.fallriverma.org it will also be made available for
2:23public review at the office of the fall river community development agency another public hearing has been scheduled for september 7th 2022 at 6 pm in the city council chambers to afford residents the opportunity to review and comment on the proposed application residents will have until september 26 2022 to submit additional comments all statements received during this review period will be considered in the
2:53development of the city of florida's section 108 loan guarantee application according to the submission timetable a copy of the section 108 loan application and pertinent related informational materials will be submitted to the city council sometime in late september at its meeting on october 11th the city council will consider enactment of a resolution authorizing mayor paul e coogan to file the section 108 loan
3:20application with the u.s department of housing and urban development honor about october 19 2022.
3:28the format of this public hearing will be able to allow participants the opportunity to express their views of the city's proposed application prepared statements to that effect will be accepted persons wishing to speak have been asked to sign a separate signing sheet and will be called to testify each speaker should state his or her name and address and if appropriate the agency or organization represented
3:55tonight we do not have any buddy that is here to present uh or speak on behalf of the uh section 108 loan guarantee application at this time i'd like to close uh the public hearing if again if you have any questions concerning this application please call the community development agency at 508-679-0131 again thank you and we will close the public hearing now foreign