HomeMy WebLinkAboutItem #61 - First Reading OrdinanceJ-92-168
2/26/92 3 �`
ORDINANCE NO.
AN ORDINANCE ESTABLISHING A NEW SPECIAL
REVENUE FUND ENTITLED: "COMMUNITY
DEVELOPMENT BLOCK GRANT (EIGHTEENTH
YEAR)," AND APPROPRIATING $13,156,000 FOR
EXECUTION OF SAME; FURTHER APPROPRIATING
THE SUM OF $1,400,000 FROM EIGHTEENTH YEAR
COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG)
PROGRAM INCOME AS APPROVED BY THE
DEPARTMENT OF HOUSING AND URBAN
DEVELOPMENT (HUD) FOR A TOTAL
APPROPRIATION OF $14,558,000; CONTAINING
A REPEALER PROVISION AND A SEVERABILITY
CLAUSE.
WHEREAS, it is anticipate that the D pa t nt of Housing
011
and Urban Development will T to the C f Miami a grant of
$13,156,000 entitl "Co►munity ve opment Block Grant
Eighteenth Year" to I r vide co u y evelopment activities for
the period ommeno�ng June and ending May 31, 1993; and
WHEREA the City a artment of Community Development
projected that income amounting to $1,400,000 will be generated
during the period commencing June 16, 1992 and ending June 15,
1993; and
WHEREAS, the Department of Housing and Urban Development
approved the programming of said anticipated income of $1,400,000
to provide community development activities for the period
commencing June 1, 1992 and ending May 31, 1993, as set forth in
Housing and Urban Development Rules and Regulations Subpart J,
Section 570.506, paragraph (o); and
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