DISCLAIMER

 

06-0110R


RESOLUTION AUTHORIZING A DECREASE OF $1,837 IN THE 2006 HUD HOME INVESTMENT PARTNERSHIPS (HOME) PROGRAM.

BY COUNCILOR GILBERT:

     WHEREAS, the city of Duluth established certain 2006 HOME accounts pursuant to Resolution 05-0866; 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 decreases in the Federal Program Fund 260, Agency 020, 2006 HUD-funded community development accounts as set forth below.

2006 HOME Program - Fund 260 - Project CD06HM

Account Revised 2006

Sub

project

Activity

Project

Amount

New grant

Difference

GN06

AD01

Administration

$ 76,600

$ 76,400

($ 200)

GN06

1735

Property rehabilitation

$242,500

$240,863

($1,637)


STATEMENT OF PURPOSE:  The purpose of this resolution is to finalize the FY 2006 HOME portion of the community development program. The city received an entitlement grant of $764,353, which was $1,837 less than anticipated during the budgeting process. The final grant amount was lower than the projected budget estimate due to the across-the-board congressional budget reduction of one percent.