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HomeMy WebLinkAboutItem #43 - First Reading OrdinanceJ--90-248 3/ 23/90 ORDINANCE NO, f AN ORDINANCE ESTABLISHING A NEW SPECIAL REVENUE FUND ENTITLED: "COMMUNITY DEVELOPMENT BLOCK GRANT (SIXTEENTH YEAR)." AND APPROPRIATING $11,081,000 FOR EXECUTION OF SAME: FURTHER APPROPRIATING THE SUM OF $.l, 200,U00 FROM SIXTEENTH YEAR COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) PROGRAM INCOME AS APPROVED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) FOR A TOTAL OF $12,281,000; CONTAINING A REPEALER PROVISION AND A SEVERABILITY CLAUSE. WHEREAS, it is anticipated that the Department of Housing and Urban Development will_ aw rid C� the City of Miami a grant of $11,081,UUU entl Ted C mm! � ty Development Block Grent Sixteenth Year to provide ommunity development activit es o the period commencing June 16, 199U, an ending Jqn1�, 1991; and WHEREAS, the City Depa t ee of Community Development has projected that income amounting to $1,200,000 will be generated during the period commencing June 16, 1990, and ending June 15, 1991; and WHEREAS, the Department of Housing and Urban Development has approved the programming of said anticipated income of $1,200,000 to provide community development activities tor the period commencing June 16, 1990, and ending June 15, 1991, as set forth in Housing and Urban Development Rules and Regulations Subpart J, Section 57U.5U6, paragraph (c): and WHEREAS, the herein Ordinance is a proper vehicle to appropriate the aforesaid grant; I/