BY COUNCILOR GILBERT:
WHEREAS, the city of Duluth established certain 2005 CDBG accounts pursuant to Resolution 04-0826; and
WHEREAS, the community development committee (CD committee) for the community development program passed a resolution recommending funding the following programs as set forth below.
NOW, THEREFORE, BE IT RESOLVED, that the proper city officials are authorized to make the following fund increase in the Federal Program Fund 262, Agency 020, 2005 HUD-funded community development accounts as set forth below.
STATEMENT OF PURPOSE: The purpose of this resolution is to finalize the FY 2005 CDBG portion of the community development program. The city received an entitlement grant of $3,224,428, which was $25,828 more than anticipated during the budgeting process. This resolution restores the budget reduction in the affordable housing category and part of the program administration decrease.