Title
A RESOLUTION APPROVING THE YEAR 14 2010 COMMUNITY DEVELOPMENT BLOCK GRANT BUDGET AND AUTHORIZING THE SUBMISSION OF THE FY 2010 ACTION PLAN AND FOR OTHER PURPOSES
Body
WHEREAS, it is the intention of the City of Jonesboro to allocate Community Development Block Grant (CDBG) funds in such a manner that the maximum feasible priority is given to activities which will benefit low to moderate income families and eliminate slum and blight.
WHEREAS, the use of these monies are strictly mandated including the mandate that an annual action plan be submitted to the U.S. Department of Housing & Urban Development in accordance with Title 1 of the Cranston-Gonzalez National Affordable Housing Act of 1990, and
WHEREAS, there is a projected total of $556,508.00 for Year 14 funds allocated to the Community Development Block Grant (CDBG) Program for budgetary purposes;
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL FOR THE CITY OF JONESBORO, ARKANSAS THAT:
Section 1: The Year Fourteen Community Development Block Grant (CDBG) program totaling five hundred, fifty-six thousand, five hundred and eight dollars ($556,508.00) for budgeting purposes is adopted by reference to the attached project/activity budget table;
Section 2: The director of Department of Community Development is authorized to prepare, and submit the 2010 Action Plan to HUD for review and approval, to administer and carry out the activities and projects in said plan as identified in the 5 - Year Consolidated Plan to the U. S. Department of Housing and Urban Development (HUD). Once the approval from HUD has been obtained, the Mayor is authorized to execute contractual agreements with his signature being attested by the City Clerk, for the execution of the Fiscal Year 2010 Department of Community Development Block Grant Action Plan as per attached project/activity table.
Section 3: CDBG project funding overages at the completion of any/all CDBG projects will transfer to unprogrammed funds for reall...
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