HomeMy WebLinkAboutItem #68 - First Reading OrdinanceORDINANCE NO.
AN ORDINANCE AMENOTNG SECTION 1 OF
ORDINANCE N00639, ADOPTED A P R I L 69
1985, BY APPROF'RIATTNG THE ADDITIONAL
TOTAL 51-It1 OF *1 F 3 -7, 1 7 A TO THE EXISTING
TRUST A�'3D -, tGFNCY IFUND f?1TITLE 1) "COt1MUNITY
DEVELOPHC,NT Oi..00FC GPAINI (9T11 YEAR)" IN
THE F01_f.0'r 1NG r1At,`dt R: TI 1 IIt1 Oi f,586,016
FROM ADDITIONAL C0tiHIINITY DEVELOPMENT
BLOCK GRANT (CDR (=)_-/ FUNDS, THE SUM OF
$2,000 FR0t1 ETII YEAR CDF3G FUNDS
REALLOCATED TO THE 9TH YEAR; AND THE SUM
OF $769, 108 FROl'i COiIMUNITY DEVELOPMENT
PROGRAM INCOME FOR THE EXECIII TON OF
APPROVED GRANT AC T IVIT IES; COt.TAINING A
REPEALER PROVISION AND A SEVERABILITY
CLAUSE.
WHEREAS, the City Commission adopted Ordinance No. 8719
on October 26, 1977, establishing resources and
appropriations for grant funds anticipated by the City of
Miami; and
WHEREAS, the City Commission adopted Ordinanceo. 9639
an April 6, 1983, establishino a new Trust tnd y fund
entitled "Community Development clock Gr?n. 9 :ll Ae r)" and
appropriating $10,003,000 for the executi��%Hof stm`,i,`fand
f'
WHEREAS, the City cf Miafi1i .etyd.I.r�'nc-d the remaining
'_
balance of $5B6 016 of the Xoth `-3 1i7�2 952 lump sum drawdown
$1r
to the Department of Hou ill ,nOr °T'rb in De ve iopr)ent ; v3rid
WHEREAS, the De pa: rtrygn o Housing and Urban Development
reinstatr�d ssi.d k�rnaur7tV" `586,Ole' �. letter of credit to
IF'A
provide Corun� mi. y Dr ve1oprr,c-nt. rj .ti: ica1; r,d
WHERUASJti'hf Departmei-)t of Ht)tj,,i 1110 Urban Development
t; .
a w a coed u t�c_. t:ity of �ji a17zi are-rjdiii$2,000 of £ith Year
CDBG�rfur c a ru;- i11ocated lip t.f7e ftf Ye ar to .�ruvide expanded
Community Duve lopcient act iv I t i es for the per iod commencing
June 16, 1983 and ending June 15, 1984; and
1/
This acronym stands for "Community Development Block Grant"