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:
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.