HomeMy WebLinkAbout12090I RESOLUTION NO. 12,090
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3 A RESOLUTION TO APPROVE THE SOURCES AND USES OF
4 PROJECTED 2006 CDBG, HOME AND ADDI FUNDS FOR
5 INCLUSION IN THE CITY'S ANNUAL PLAN; AND FOR OTHER
6 PURPOSES.
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8 WHEREAS, as a part of the annual plan which must be submitted to the U.S.
9 Department of Housing & Urban Development ( "HUD ") by November 15, 2005, the
10 City must suggest the source of uses of certain funds to be received from HUD, and
11 WHEREAS, consistent with the City's Citizen Participation plan, the
12 Consolidated Planning Committee has recommended the sources and uses of 2005
U HUD entitlement funds which are anticipated to total Three Million, Two Hundred
14 Twenty -Five Thousand, Six Hundred Eighty Dollars ($3,225,680.00), and
15 WHEREAS, two (2) public hearings have been conducted in order to assure the
16 maximum citizen input possible;
17 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
18 THE CITY OF LITTLE ROCK, ARKANSAS:
19 Section 1. The Board recommends submission of the following projected uses
20 of an anticipated One Million, Eight Hundred Twenty Thousand, Two Hundred Forty -
21 Five Dollars ($1,820,245.00) in Community Development Block Grant Funds:
22 (A) Owner - occupied rehabilitation $404,577
23 (B) Demolition 25,000
24 (C) Carelink -Meals on Wheels 25,000
25 (D) Board and Secure 10,000
26 (E) West Central Little Rock Senior Activity Center 20,000
[PAGE 1 OF 3]
Resolution
Approve 2006 CDBG, HOME
And ADD] Funds
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(F) Housing Counseling
TBD
(G) Economic Development
100,000
(H) Save -A -Home
100,000
(I) Section 108 Loan Repayments
(i) Kramer School
92,000
(ii) Lee School (Neighborhood Resource
Center)
275,000
(iii) Infrastructure
250,000
(J) NWH Complex
174,619
(K) Administration
344,049
Section 2. The Board recommends submission of the
following projected uses
of an anticipated One Million, Three Hundred Sixty Thousand, Six Hundred Seventy -
Five Dollars ($1,360,675.00) in 2005 Home Investment Partnership Funds:
(A) Substantial /Moderate Rehabilitation
$371,237
(B) New Construction
371,236
(C) Save -A -Home
300,000
(D) CHDO Set -Aside
159,101
(E) CHDO Operating
53,033
(F) Administration
106,068
Section 3. The Board recommends submission of
the projected use of an
anticipated Eighty -Nine Thousand, Five Hundred Twenty Dollars ($89,520.00) in
American Dream Down Payment Initiative Program:
(A) Grants to First Time Homebuyers
44,760
Section 4. Severability. In the event any title,
section, paragraph, item,
sentence, clause, phrase, or word of this resolution is declared or adjudged to be invalid
or unconstitutional, such declaration or adjudication shall
not affect the remaining
portions of the resolution which shall remain in full force and effect as if the portion so
[PAGE 2 OF 3]
Resolution
Approve 2006 CDBG, HOME
And ADDI Funds
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declared or adjudged invalid or unconstitutional was not originally a part of the
resolution.
Section 5. Repealer. All ordinances and resolutions are hereby repealed to the
extent of such inconsistency.
ADOPTED: September 6, 2005
ATTEST:
Nan y Woo , City Clerk
13 APPROVED AS TO LEGAL FORM:
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16 Thomas M. Carpenter, Cityukttorney
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[PAGE 3 OF 3]
Resolution
Approve 2006 CDBG, HOME
And ADDI Funds
APPROVED:
Ji ailey, Mayor
2006 CONSOLIDATED PLANNING
RECOMMENDATIONS ON PROJECTED SOUCES AND USES OF FUNDING
COMMUNITY DEVELOPMENT BLOCK GRANT:
SOURCES:
PROJECTED 2006 CDBG ALLOCATION
PROJECTED PROGRAM INCOME
TOTAL
USES:
OWNER- OCCUPIED REHABILITATION
DEMOLITION
CARELINK - MEALS ON WHEELS
BOARD AND SECURE
WEST CENTRAL LITTLE ROCK SENIOR ACTIVITY CENTER
ECONOMIC DEVELOPMENT
SAVE -A -HOME
SECTION 108 LOAN REPAYMENTS:
KRAMER SCHOOL
LEE SCHOOL (NEIGHBORHOOD RESOURCE CENTER)
INFRASTRUCTURE
NWH COMPLEX
ADMINISTRATION
TOTAL
$1,720,245
$ 100,000
$1,820,215
404,577
25,000
25,000
10,000
20,000
100,000
100,000
92,000
275,000
250,000
174,619
344,049
$1,820,21,
HOME INVESTMENT PARTNERSHIP PROGRAM:
cniiurFC.
PROJECTED 2006 HOME ALLOCATION
PROJECTED PROGRAM INCOME
TOTAL
USES:
SUBSTANTIAL /MODERATE REHABILITATION
NEW CONSTRUCTION
SAVE -A -HOME
CHDO SET -ASIDE
CHDO OPERATING
ADMINISTRATION
TOTAL
AMERICAN DREAM DOWNPAYMENT INITIATIVE PROGRAM:
PROJECTED 2006 ADDI ALLOCATION
$1,060,675
$ 300,000
$1,360,6'7 ,, 1;
371,237
371,236
300,000
159,101
53,033
106,068
$1,360,6,,
44 760
GRANTS TO FIRST TIME HOMEBUYERS 44 760