DISCLAIMER

 

05-0778R


RESOLUTION TRANSFERRING FUNDS IN THE AMOUNT OF $37,450 BETWEEN THE 2004 AND 2005 HUD COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) PROGRAMS.

BY COUNCILOR GILBERT:

     RESOLVED, that the proper city officials are authorized to make the following transfer of funds between the Federal Fund 0262-020-5434, 2004 and 2005 HUD-funded community development accounts as set forth below:

Project #

Project

Budget amount

New amount

Amount of increase or decrease

2004 CDBG transfers

CD-04-CD Hous-2239

NHS affordable home-ownership services

$151,000

$113,550

($37,450)

2005 CDBG transfers

CD-05-CD PFAC-PF02

Harrison basketball court

$ 39,750

$ 77,200

 $37,450


STATEMENT OF PURPOSE:  The Harrison basketball court was bid out and the original estimate was over a year old and had not accounted for increased construction costs. The NHS contract had been closed and this amount was not expended as they did not complete their goals in the 2004 contract.