05-0112R


RESOLUTION AUTHORIZING AN INCREASE OF $64,784 IN THE 2005 HUD HOME INVESTMENT PARTNERSHIPS (HOME) PROGRAM.

BY COUNCILOR GILBERT:

     WHEREAS, the city of Duluth established certain 2005 HOME accounts pursuant to Resolution 04-0827; and

     WHEREAS, the community development committee (CD committee) for the community development program passed a resolution recommending funding programs 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 260, Agency 020, 2005 HUD-funded community development accounts as set forth below.

2005 HOME Program - Fund 260 - Project CD05HM

Account Revised 2005

Sub Project

Activity

Project

Original Amount

New Grant

Difference

GN05

AD01

Administration

$69,600

$76,000

$6,400

CD05

1226

San Marco Apartments

$18,525

$76,909

$58,384


STATEMENT OF PURPOSE:  The purpose of this resolution is to finalize the FY 2005 HOME portion of the community development program. The city received an entitlement grant of $810,784, which was $64,784 more than anticipated during the budgeting process. This action restores most of the CD committee’s budget reductions.

 

DISCLAIMER