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2001-156RESOLUTION NO. 2001-156 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 FY 2001 formula allocation awarded by the U.S. Department of Housing and Urban Development is $696,000, leaving $24,000 as "Unallocated"; and WHEREAS, the Common Council previously reallocated $10,000 to the Boys and Girls Club, leaving $14,000 "Unallocated"; and WHEREAS, $6,000 is needed by ECHO to meet the emergency rent assistance needs of families 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 reallocate $4 ~.,099 from "Unallocated" to "Optional Activities" for ECHO; and $6,000 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: April 23, 2001 APPROVED: St~'~n~. Sheiffer, Cf~flV~nager J ATTEST: Je~ll/Ar~ W~lf, City Clerk-Treas~er d~/ APPROVE~ AS TO F?~ ~-I ~'Lc' posed by: Housing & Neighborhood Services Prepared by: Housing & Neighborhood Services MOTION BY: 0' Lear}, SECOND BY: Murphy COUNCILMEMBER AYE NAY PASS ABSENT DAMRON X WILLIAMS X O'LEARY X DEGARMO X BRIEN X MURPHY X STEEBER X