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RESOLUTION NO. 9,939
A RESOLUTION APPROVING THE PROJECTED 146
USES OF 1997 CDBG, HOME AND ESG FUNDS; AND
SECTION 108 LOANS.
WHEREAS, in order to receive CDBG, HOME, and ESG funds, the city must develop a_
Consolidated Plan including an approved participation process; and
WHEREAS, a public hearing to solicit citizen input on the projected uses of funding will be
conducted on March 18, 1997; and
WHEREAS, the activities and budget amounts approved by the Board will be included in a
Consolidated Plan Annual Update which is due to be submitted to HUD by May 15, 1997, for a 1997
Program Year beginning July 1, 1977.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. The City Manager is authorized to approve the projected uses of the 1997
CDBG, HOME and ESG Funds and a CDBG Section 108 loan in the Amount of $3,000,000 for
infrastructure.
SECTION 2. The City is projected to receive the following entitlement amounts from HUD:
CDBG $2,318,000, HOME $851,000, ESG $61,000. Other projected revenues include program
income of $200,000 and Kramer School Special Projects Fund transfer of $90,000. The terms of
the proposed CDBG Section 108 loan have not been established, but a payment deferral until 1998
would not impact the 1997 Program Year.
ADOPTED: MARCH 18, 1997
A TEST:
C-Aclig.: dalt.AOC
ROBBIE HANCOCK
CITY CLERK
APP OVED AS TO FORM:
4:: i
THOMAS M. CARPENTER
CITY ATTORNEY
(Comcted 3- 31 -97)
APP IM. . 0
JIM ILEY �/(
MAYOR
1997 CONSOLOATED PLANNING FUNDINALLOCATIONS
(RECOMMENDED BY THE CONSOLIDATED PLANNING COMMITTEE)
PROJECTED USES:
A615'
MEALS AND TRANSPORTATION FOR ELDERLY
$
25,000
HABITAT FOR HUMANITY INFRASTRUCTURE
$
30,000
GRANITE MOUNTAIN LIBRARY IMPROVEMENTS
$
50,000
MALLOY STREET MODEL BLOCK
$
100,000
DAY CARE SERVICES
$
50,000
WOLFE STREET CENTER RENOVATIONS
$
70,000
MAPLE STREET MODEL BLOCK
$
145,000
SECTION 108 LOAN REPAYMENTS
$
581,500
HAGS
$
70,000
FAIR HOUSING / HOUSING COUNSELING
$
25,000
OWNER- OCCUPIED REHABILITATION
$
600,000
ADMINISTRATION
$
375,000
NWH COMPLEX
$
400,000
SAVE -A -HOME
$
54,000
ECONOMIC DEVELOPMENT
$
25,000
WHEEL CHAIR RAMPS
$ 7,500
TOTAL CDBG $2,608.000
NEW CONSTRUCTION $ 100,000
SUBSTANTIAL REHABILITATION $ 250,000
MODERATE REHABILITATION $ 245,700
CHDO SET ASIDE $ 170,200
HOME ADMINISTRATION $ 85,100
TOTAL HOME L-90
ESG
GRANTS TO HOMELESS SERVICE PROVIDERS $ 61,000
TOTAL AMOUNT TO BE ALLOCATED $3,520.000
PROJECTED RESOURCES:
TOTAL 1997 HUD ALLOCATION $3,230,000
PROJECTED PROGRAM INCOME $ 200,000
SPECIAL PROJECTS FUND TRANSFER
(KRAMER SCHOOL) $ 90,000
TOTAL RESOURCES $3,520,000
(Comned 3- 31 -97)
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