12565I
2
3
n
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
RESOLUTION NO. 12,565
A RESOLUTION TO SET SEPTEMBER 4, 2007, AS THE DATE OF HEARING
ON THE PROPOSED USES OF 2008 CDBG, HOME AND ADDI FUNDS ;AND FOR
OTHER PURPOSES.
WHEREAS, federal regulations require that a public hearing must be conducted on the
proposed uses of 2008 CDBG, HOME and ADDI funds the City anticipates receiving from the Department
of Housing and Urban Development;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE
ROCK, ARKANSAS:
Section 1. The public hearing regarding the proposed uses of 2008 CDBG, HOME and ADDI
entitlement funds will be held at six o'clock on the 4th day of September, 2007.
Section 2. The City Clerk is hereby directed to give notice of such hearing in the manner
prescribed by taw by publication once a week for two consecutive weeks in a newspaper published in
Pulaski County, Arkansas, and having a general circulation in the City of Little Rock.
ADOPTED: August 21, 2007
ATTEST:
z: �; �" & 4 z zz/z �
N c ood, CitX Clerk
APPROVED AS TO LEGAL FORM:
Thomas M. Carpenter, City Ajtorriey
APPRO E :
ka
Mark Stodola, Mayor
2008 CONSOLIDATED PLANNING
RECOMMENDATIONS ON PROJECTED SOUCES AND USES OF FUNDING
COMMUNITY DEVELOPMENT BLOCK GRANT:
SOURCES:
PROJECTED 2008 CDBG ALLOCATION
REALLOCATED FUNDS
PROJECTED PROGRAM INCOME
TOTAL
USES:
OWNER- OCCUPIED REHABILITATION
DEMOLITION
CARELINK - MEALS ON WHEELS
WEST CENTRAL LITTLE ROCK SENIOR ACTIVITY CENTER
WHEELCHAIR RAMPS
HISTORIC DISTRICT SURVEY AND ASSESSMENT
ECONOMIC DEVELOPMENT
WORLD CHANGERS
MODEL BLOCK
SAVE -A -HOME
SECTION 108 LOAN REPAYMENTS:
KRAMER SCHOOL
LEE SCHOOL (NEIGHBORHOOD RESOURCE CENTER)
INFRASTRUCTURE
NWH COMPLEX
ADMINISTRATION
TOTAL
$1,537,036
$ 199,573
$ 100,000
$1;.836,609
359,333
13,250
25,000
5,000
20,000
15,000
50,000
50,000
100,000
100,000
120,000
247,000
250,000
174,619
307,407
x,836,609
HOME INVESTMENT PARTNERSHIP PROGRAM:
SOURCES:
PROJECTED 2008 HOME ALLOCATION $ 888,171
PROJECTED PROGRAM INCOME $ 300,000
TOTAL $L118801
USES:
SUBSTANTIAL /MODERATE REHABILITATION
310,860
NEW CONSTRUCTION
310,861
SAVE -A -HOME
300,000
CHDO SET - ASIDE:
133,225
CHDO OPERATING
44,408
ADMINISTRATION
88,817
TOTAL $IP188.171
AMERICAN DREAM DOWNPAYMENT INITIATIVE PROGRAM:
PROJECTED 2008 ADDI ALLOCATION 20 101
GRANTS TO FIRST TIME HOMEBUYERS szo,101