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RESOLUTION NO. 100211
A RESOLUTION TO SET THE DATE FOR A PUBLIC
HEARING ON MARCH 17, 1998, ON THE PROJECTED
USES OF 1998 CDBG, HOME, AND ESG FUNDING.
WHEREAS, the proposed uses of the City's 1998 entitlement funds have been
developed with extensive citizen participation; including election of ten (10) redevelopment
area committees and a twenty -three (23) member Consolidated Planning Committee; and
WHEREAS, a public hearing must be conducted as a regulatory requirement on the
proposed uses of the City's 1998 CDBG, HOME, and ESG funding.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS
OF THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. The Board of Directors will conduct a public hearing on March 17,
1998, during the regularly scheduled meeting of the Board of Directors on the projected uses
of 1998 CDBG, HOME and ESG funding. A list of recommendations is attached.
SECTION 2. The City Clerk is directed to publish notice of this public hearing; in
addition, the City Manager is directed to assure that this public hearing is prominently
advertised on the City's cable television access channel.
ADOPTED: March 3, 1998
ATTEST:
Q( ladi• "A G°b d —
ROBBIE HANCOCK
CITY CLERK
APPROVED AS TO FORM:
THOMAS M. CARPEN R
CITY ATTORNEY
APPROVED: `
%4ml`- QQ",t4,,
JIMAAILEY
MAYOR
J it
M
A®9
1998 CONSOLIDATED PLANNING COMMITTEE
RECOMMENDATIONS ON PROJECTED SOURCES AND USES OF FUNDING
COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM
PROJECTED 1998 ALLOCATION
$2,229,000
PROJECTED LOAN REPAYMENTS
30,000
PROJECTED LEASE INCOME
28,327
GENERAL FUND:
,
KRAMER SCHOOL LOAN REPAYMENT
90,000
FUNDS FOR WHEELCHAIR RAMPS (ADA)
20,000
FUNDS FOR HOMEBUYER ASST, GRANTS
100.000
TOTAL SOURCES
$2.497,327
OWNER- OCCUPIED REHABILITATION
$ 600,000
HOMEBUYER ASSISTANCE GRANTS
100,000
WHEEL CHAIR RAMPS
20,000
NWH COMPLEX
322,327
SECTION 108 LOAN REPAYMENTS:
CDC LOAN ($1,800,000)
375,000
LEE SCHOOL ($1,800,000)
142,500
KRAMER SCHOOL ($ 830,000)
90,000
INFRASTRUCTURE ($3,000.000)
472,500
ADMINISTRATION
375.000
TOTAL USES $2.497.327
HOME INVESTMENT PARTNERSHIPS PROGRAM
PROJECTED 1998 HOME ALLOCATION $910.000
CENTRAL HIGH HOMEOWNERSHIP ZONE $100,000
NEW CONSTRUCTION 189,000
SUBSTANTIAL/ MODERATE REHABILITATION 350,000
FIRST -TIME HOMEBUYER ASSISTANCE 58,000
CHDO SET -ASIDE (15 %) 127,800
HOME ADMINISTRATION (10 %) 85.200
TOTAL 5910.000
EMERGENCY SHELTER GRANT
PROJECTED 1998 ESG ALLOCATION $---q9 000
GRANTS TO HOMELESS SERVICE PROVIDERS $ 89.000