04-0406R

RESOLUTION AUTHORIZING AN INCREASE OF $8,320 IN THE 2004 HUD HOME INVESTMENT PARTNERSHIPS (HOME) PROGRAM.

BY COUNCILOR GILBERT:

WHEREAS, the city of Duluth established certain 2004 HOME accounts; and

WHEREAS, the community development committee (cd committee) for the community development program passed a resolution recommending funding changes as set forth below.

NOW, THEREFORE, BE IT RESOLVED, that the proper city officials are authorized to make the following fund increases in the Federal Program Fund 0260, Agency 020, 2004 HUD-funded community development accounts as set forth below.

BE IT FURTHER RESOLVED, that the proper city officials are hereby authorized to make contract amendments (Public Document No. __________________) to reflect these increases.

2004 HOME accounts revised - 2004

Project # Project Original Amount New Grant Difference
2641 h008 Program administration $ 82,800 $ 83,632 +$ 832
2642 h001 City homes - NCLT $270,000 $275,000 +$5,000
2642 h002 Scattered site housing - WTHC $ 71,000 $ 73,488 +$2,488
Total $8,320

STATEMENT OF PURPOSE:  The city council established the original accounts in Resolution 03-0874. The purpose of this resolution is to finalize the FY 2004 HOME portion of the community development program. The city received an entitlement grant of $836,320, which was $8,320 more than anticipated during the budgeting process. This action follows the housing subcommittee's recommendations.