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RESOLUTION NO. 9,623
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A RESOLUTION AUTHORIZING APPROVAL OF
THE PROJECTED USES OF 1996 CDBG,
HOME AND ESG FUNDING.
WHEREAS, in order to receive CDBG, HOME and ESG funds, the
City must develop a Consolidated Plan involving an approved
citizen participation process; and
WHEREAS, an extensive citizen participation process has
been underway since October, 1995, in conjunction with
Consolidated Planning for the 1996 Program year; and
WHEREAS, the City is projected to receive the following
entitlement amounts from the Department of Housing and Urban
Development.
CDBG $2,432,000
HOME $ 874,000
ESG $ 95,000
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. The City Manager is hereby authorized to approve
the attached list of activities and budgeted amounts developed
and recommended by the Consolidated Planning Committee for
projected uses of 1996 CDBG, HOME and ESG funding.
ADOPTED: February 20, 1996
1 MR L / , •TM
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Recommended Uses of FY 1996 Funds:
Community Development Block Grant
Owner - Occupied Rehabilitation
$725,000
Public Services (NWHCC)
450,000
Piggee Street, Ives to Derrick
168,000
Springer Blvd. Drainage
304,500
Homebuyer Education /Credit Counseling
50,500
Section 108 Loan Service
310,000
Homebuyer Assistance Grants
100,000
Save -A -Home Program
24,000
Sewer Service Grants
30,000
Economic Development
50,000
Wheelchair Ramps
20,000
General Administration
400.000
TOTAL
$2.632.000
HOME Investment Partnership Program
New Construction
$175,000
Substantial Rehabilitation
175,000
Moderate Rehabilitation
174,000
Acquisition
87,800
CHDO Set Aside
131,100
CHDO Operating Funds
43,700
HOME Administration
87.400
TOTAL
M4SM
Emergency Shelter Grant
Emergency Shelter Provider Grants
$95.000
TOTAL
$95,000
GRAND TOTAL OF USES 53.6011000
Anticipated FY 1996 Resources:
CDBG Formula Grant $2,432,000
CDBG Program Income 200,000
HOME Investment Partnership Program
Formula Grant 874,000
Emergency Shelter Grant 95.000
GRAND TOTAL OF RESOURCES $3.601.000
PROPOSED 1996 CONSOLIDATED PLANNING PROJECTS
RANKED IN ORDER OF PREFERENCE
PURSUANT TO CONSOLIDATED PLANNING COMMITTEE EVALUATION
1) PANKEY
2) GRANITE MOUNTAIN
3) OAK FOREST AND
WOODRUFF SCHOOL
4) EAST LITTLE ROCK
5) CENTRAL LITTLE ROCK
6) CENTRAL HIGH SCHOOL
7) STEPHENS SCHOOL
8) JOHN BARROW
9) SOUTH LITTLE ROCK
10) HISTORIC INVESTMENT
SOLUTIONS TEAM, LLC
AMOUNT
PROJECT REQUESTED
PIGGEE STREET IMPROVEMENTS
(3 BLKS. - IVES TO DERRICK STS.) $150,000
SPRINGER BLVD. DRAINAGE
(GILLIAM PK. RD. TO UP RR) $286,470
ACORN LOAN COUNSELING $ 50,500
COLLEGE ST. MODEL BLOCK
(W. 1000 BLK. & E. 1100 BLK.) $100,000
EAST 21ST ST. MODEL BLOCK
(1 BLK. - COMMERCE ST. TO
ROCK ST.) $125,000
PARK ST. MODEL BLOCK
(12TH ST. TO 13TH ST.)
$125,000
MARYLAND AVENUE
1) BROWN TO MAPLE
$310,000
2) BROWN TO VALMAR
$155,000
MALLOY ST. MODEL BLOCK
(37TH ST. TO 39TH ST.)
$100,000
GAINES ST. MODEL BLOCK
(31ST ST. TO 32ND ST.)
$150,000
KRAMER SCHOOL
$950,000
(7TH & SHERMAN STS.) ANNUAL
$159.094
TOTAL OF ANNUAL REQUESTS
$1.556.064 *