HomeMy WebLinkAbout12343I RESOLUTION NO. 12,343
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3 A RESOLUTION TO APPROVE THE SOURCES AND USES OF
4 PROJECTED 2007 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, 2006, 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 2007
13 HUD entitlement funds which are anticipated to total Two Million, Eight Hundred
14 Sixty Thousand, Five Hundred Eighty -seven Dollars ($2,860,587.00), 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, Six Hundred Forty -three Thousand, Two Hundred
21 Twelve Dollars ($1,643,212.00) in Community Development Block Grant Funds:
22 (A) Owner - occupied rehabilitation $233,751
23 (B) Demolition 25,000
24 (C) Carelink -Meals on Wheels 25,000
25 (D) West Central Little Rock Senior Activity Center 5,000
26 (E) Wheelchair Ramps 10,000
[PAGE 1 OF 3]
Resolution
Approve 2007 CDBG, HOME
And ADD] Funds
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(F)
Historic District Survey and Assessment
10,000
(G)
Development Planning
15,000
(H)
Recovery Centers of Arkansas
2,000
(I)
Women & Children First
17,200
( J)
Economic Development
50,000
(K)
World Changers
50,000
(L)
Save -A -Home
100,000
(M)
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
308,642
Section
2. The Board recommends submission of the following projected uses
of an anticipated
One Million, One Hundred Ninety -seven Thousand, Two Hundred
Seventy -Four Dollars ($1,197,274.00) in 2007 Home Investment Partnership
Funds:
(A)
Substantial /Moderate Rehabilitation
$314,047
(B)
New Construction
314,046
(C)
Save -A -Home
300,000
(D)
CHDO Set -Aside
134,591
(E)
CHDO Operating
44,863
(F)
Administration
89,727
Section
3. The Board recommends submission of the
projected use of an
anticipated
Twenty Thousand, One Hundred One Dollars ($20,101.00) in American
Dream Down Payment Initiative Program:
(A)
Grants to First Time Homebuyers
20,101
Resolution
Approve 2007 CDBG, HOME
And ADDI Funds
[PAGE 2 OF 3]
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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
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 5, 2006
ATTEST: APPROVED:
i4ncy-
Wo d, City Clerk
APPROVED AS TO LEGAL FORM:
p!V AV'v�+�til U. , A� - ,
Thomas M. Carpenter, City kttorney
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ResOlUtion
Approve 2007 W13G, HOME
And ADDI Finds
[PAGE 3 OF 3]
Jim Hey, Mayor