DISCLAIMER

 

08-0107R


RESOLUTION AUTHORIZING A DECREASE OF $25,033 IN THE 2008 HUD HOME INVESTMENT PARTNERSHIPS (HOME) PROGRAM.

CITY PROPOSAL:

     RESOLVED, that the proper city officials are authorized to make the following fund decreases in the Federal Program Fund 260, Agency 020, 2008 HUD-funded community development accounts as set forth below:

2008 HOME Program - Fund 260 - Project CD08HM

Account Revised 2008

Sub
project

Activity

Project

Amount

New Grant

Difference

GN08

AD01

Administration

$72,100

$70,590

($1,510)

GN08

1737

TBRA-administration

$3,800

$2,800

($1,000)

 

 

Homeowner development project

$134,562

$113,299

($21,263)

CH08

2270

City Homes Phase VIII NCLT

$20,000

$19,370

($630)

CH08

1226

Pre-development CCHC

$17,950

$17,320

($630)


CD KAH:jle 1/29/2008


STATEMENT OF PURPOSE:  The purpose of this resolution is to finalize the FY 2008 HOME portion of the community development program. The city received an entitlement grant of $733,967, which was $25,033 less than anticipated during the budgeting process as authorized in Resolution 07-0775. The final grant amount was lower than the projected budget estimate due to additional jurisdictions nationally and additional funding for the defense budget, which reduced each community’s amount. The community development committee (CD committee) provided the guidance for these reductions as part of their recommendations in December 2007.