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/