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395
RESOLUTION NO. 8,975
A RESOLUTION APPROVING THE REVISED
ESTIMATE OF USE OF FISCAL YEAR 1992
HOME INVESTMENT PARTNERSHIP GRANT
FUNDS; AND FOR OTHER PURPOSES.
WHEREAS, on December 1, 1992, Resolution No. 8,828 was
passed authorizing the use of federal fiscal year 1992 HOME
Investment Partnership Grant funds; and
WHEREAS, federal legislation has since passed allowing ten
percent of the HOME grant for fiscal year 1992 to be used to
administer the program; and
WHEREAS, in accordance with the federal legislative
changes, the City needs to revise the method in which the funds
will be spent.
NOW , THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS
OF THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. The City of Little Rock, Arkansas hereby
authorizes the use of federal fiscal year 1992 HOME Investment
Partnership Grant monies in accordance with the revised estimate
of use HOME program funds (Attachment C) as attached to this
resolution.
ADOPTED: August 17, 1993
ATTEST: APPROVED: (� \
Q
K013,913 JU"AIFLEY
CITY CLERK MAYOR
APPROVED AS TO FORM:
all
Attachment C
Revised Estimate of Use of FY 1992 HOME Program Funds
Activity/Category
New Construction
Substantial Rehab
Other Rehab
Acquisition
Sub - Totals
Administration
CHDO Operating
Totals
Total $
Rental S
Owner
$ 135,000
$ 0
$135,000
329,750
51,750
278,000
400,000
0
400,000
100,000
0
100,000
$ 964,750
$51,750
$913,000
113,500
-- - - - - --
- - - - - --
56,750
-- - - -- --
- - - - - --
$1,135,000
$51,750
$913,000
393