HomeMy WebLinkAboutItem #37 - First Reading OrdinanceC097W
ORDINANCE
AN ORDINANCE AMENDING ORDINANCE NO. 8719, AS
AMENDED, ADOPTED OC"TOBER 26, 1977, BY
APPROPRIATING FOR THE IMPLEMENTATION OF AN
AMENDED TRUST AND AGENCY FUND ENTITLED:
COMMUNITY DEVELOPMENT BLOCK GRANT TWELFTH
(12TH) YEAR, THE ADDITIONAL SUM OF
$1,625,159 AT PRESENT ALLOCATED AS PROGRAM
INCOMEr_.MENUE IN PREVIOUS YEAR COMMUNITY
DEVELOPMENT BLOCK GRANT FUNDSI SAID AMOUNT
TO BE TRANSFERRED FROM SAID REVENUE FUNDS
AND ALLOCATED AS BUDGET FUNDS IN THE TWELFTH
(12TH) YEAR CITYWIDE SINGLE FAMILY HOUSING
RZZA.BILITATION PROJECT TOTALLING $1,022,422
AND CITYWIDE MULTIFAMILY RENTAL REHABILI-
TATION GRANT LEVERAGING SUBSIDY PROJECT
TOTALLING $602,728 TO BE CARRIED OUT BY THE
HOUSING CONSERVATION AND DEVELOPMENT AGENCY;
CONTAINING A REPEALER PROVISION AND A
SEVERABILITY CLAUSE.
WHEREAS, the City Coamission adopted Ordinance No. 104" on
June 9, 1988, appropriating trust and agency funds in the
increased amount of $201,955; and
S
WHEREAS, additional r e e from the repayments
1
family and
Multi
ly u ng
Rehabilitation
$1,625,150
have be
redi ed to
the fourth
(12th) year
CDBG fu
s respective
y pr 1
1 /
of i •
otall ng
t and
twelfth
WHEREAS, the correct amount en credited to the fourth
(4th) through twelfth (12th) years ommunity Development accounts
in compliance with federal rules and regulations to fund other
eligible rehabilitation activities= and
Wes, the herein ordinances is • 1n
• priate the aforo"id aawoat of $1.625,,15f t
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