Number
001065
Version
SUBSTITUTE 2
Reference
Sponsor
THE CHAIR
Title
Substitute resolution relative to the allocation of HOME Funds from the HOME contingency account.
Analysis
Body
Whereas, The HOME contingency account has balance of $2,388,000 in HOME funds see Attachment A; now, therefore, be it
Resolved, That the Community Development Committee on February 21, 2001 approved activities for the funds in the HOME contingency account as follows:
HOME NIP City-Wide Pool $ 700,000
HOME Housing Production Pool $1,688,000
$2,388,000
; and, be it
Further Resolved, That organizations must follow the policies and procedures as established to access funds from the pool; and, be it
Further Resolved, That the Community Block Grant Administration is responsible for awarding subrecipient contracts for each of the approved activities, and, be it
Further Resolved, That the project must submit budget and activity reports according to any conditions approved by the Common Council and the Mayor in conformance with File Number 74-92-5v to the Community Block Grant Administration and the City Comptroller of a Budget Forecast (CDA-51).
Requestor
Drafter
00-HOME-2
02/27/01