DISCLAIMER

 

07-0267R


RESOLUTION AUTHORIZING A DECREASE OF $4,572 IN THE 2007 HUD HOME INVESTMENT PARTNERSHIPS (HOME) PROGRAM.

BY COUNCILOR STAUBER:

     WHEREAS, the city of Duluth established certain 2007 HOME accounts pursuant to Resolution 06-0839; 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, 2007 HUD-funded community development accounts as set forth below.

2007 HOME Program - Fund 260 - Project CD07HM

Account Revised 2007

Sub

project

Activity

Project

Amount

New grant

Difference

GN07

AD01

Administration

$76,000

$73,307

($2,693)

GN07

1737

TBRA - administration

$ 6,000

$ 5,000

($1,000)

CH07

2806

Permanent rental housing - WCDO

$56,768

$55,889

($ 879)


STATEMENT OF PURPOSE:  The purpose of this resolution is to finalize the FY 2007 HOME portion of the community development program. The city received an entitlement grant of $759,428, which was $4,572 less than anticipated during the budgeting process. The final grant amount was lower than the projected budget estimate due to additional participating jurisdictions nationally, that reduced each community’s amount.