Explanation
BACKGROUND: This ordinance authorizes the appropriation of $178,371.12 and the expenditure of $48,371.12 from the Community Development Block Grant Fund (CDBG) to be used for CDBG eligible relocation activities and the continuation of the Chores home repair program.
Ordinance 0170-02 authorized the expenditure of $2,895,000 in CDBG funds for the provision of loans and grants under the Affordable Housing Opportunity Fund for projects that preserve and increase the local supply of decent, safe, sanitary and affordable housing for low-income families. An unspent balance of $178,371.12 remains. This legislation will allow those unspent funds to be used in other needed areas.
Emergency action is requested so that the monies can be utilized immediately for relocation activities and the continuation of the Chores home repair program.
FISCAL IMPACT: This legislation authorizes the appropriation of the full balance of $178,371.12 and the expenditure of $48,371.12 to be used for CDBG eligible relocation activities. Separate legislation will be submitted to authorize the Chores program contracts and to expend the remaining $130,000 in funds appropriated herein.
Title
To authorize the appropriation of $178,371.12 from the Community Development Block Grant Fund; to authorize the expenditure of $48,371.12 from the Community Development Block Grant Fund to provide funding for relocation activities; and to declare an emergency. ($178,371.12)
Body
WHEREAS, Ordinance 0170-02 authorized the expenditure of $2,895,000 in CDBG funds for the provision of loans and grants under the Affordable Housing Opportunity Fund for projects that preserve and increase the local supply of decent, safe, sanitary and affordable housing for low-income families; and
WHEREAS, an unspent balance of $178,371.12 remains; and
WHEREAS, this ordinance authorizes the appropriation of $178,371.12 and the expenditure of $48,371.12 to provide funding for relocati...
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