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2001-148RESOLUTION NO. 2001-148 RESOLUTION REALLOCATING COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) PROGRAM FUNDS WHEREAS, the FY2001 State and Federal Grants budget included proposed revenue from the Community Development Block Grant (CDBG) program totaling $672,000; and WHEREAS, the formula allocation as initially determined by the U.S. Department of Housing and Urban Development and included in the Resolution Approving the FY2001 Community Development Block Grant (CDBG) Program Submission (Resolution 2000-88) was $698,000, leaving $26,000 as "Unallocated"; and WHEREAS, subsequent to this notification and the adoption of Resolution 2000-88 the formula allocation from the CDBG program was reduced by $2,000 to $696,000; and WHEREAS, funding is needed by the Boys and Girls Club to continue providing essential programs to the youth in Janesville; and WHEREAS, the Community Development Authority has held a public hearing and has reviewed and recommended that the 2001 CDBG Budget be revised to reduce the amount "Unallocated" by $2,000 because of the reduction in the formula allocation and reallocate $10,000 fi.om "Unallocated' to "Optional Activities" for the Boys and Girls Club; and WHEREAS, the Common Council finds that it is in the community's best interests to fulfill the requirements to make revisions to the FY2001 Community Development Block Grant Program as recommended. NOW, THEREFORE BE IT RESOLVED by the Common Council of the City of Janesville that it hereby authorizes and directs the City Manager to submit the revision to the U. S. Department of Housing and Urban Development including all assurances contained therein, and that the City Manager is authorized to act in connection with the submission of these revisions and provide such additional information as may be required. The City Manager is also hereby authorized to revise the FY2001 budget document to reflect the reallocation of Community Development Block Grant Program funds and the expenditures as reflected in this resolution. ADOPTED: Ymrch 26, 2001 APPROVED: Steven E. Sheiffer, City Manager ATTEST: Jeyr nn Wulf, City Cl rk-Treasurer APPROVED AS TO FORM: ol Ci~ A~omey MOTION BY: Brien SECOND BY: O'Lear¥ COUNCILMEMBER AYE NAY PASS ASSENT SCHNEIDER X WILLIAMS X NOLL X BRIEN X MURPHY X O'LEARY X DEGARMO X Proposed by: Housing & Neighborhood Services Prepared by: Housing & Neighborhood Services