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RESOLUTION NO. 10.236
A RESOLUTION APPROVING THE
PROJECTED USES OF 1998 CDBG, HOME
AND ESG FUNDING.
15 A.
WHEREAS, during the City's 1998 Consolidated Planning process, neighborhood residents
participated in determining the attached sources and uses of projected 1998 CDBG, HOME, and
ESG funding, and
WHEREAS, after adoption of the committee recommendations $120,000 of general fund
sources were determined to be ineligible for the intended uses; and
WHEREAS, to compensate for the funding reduction staff formulated an alternative
funding recommendation.
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 1998
CDBG, HOME and ESG funding in accordance with Staff recommendations attached hereto as
Exhibit "A ".
SECTION 2. The City is expected to receive $3,228,000 in 1998 CDBG, HOME and ESG
funds from the Department of Housing and Urban Development and $248,327 from other sources.
ADOPTED: MARCH 17, 1998
ATTEST:
Q .gyp'., dL a.
ROBBIE HANCOCK
CITY CLERK
APPROVED AS TO FORM:
�V4,
THOMAS M. CARPENTISR
CITY ATTORNEY
APPROVED:
� I� t1•�1
M
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• • Exhibit "A"
1998 CONSOLIDATED PLANNING
STAFF 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
TRANSFER FROM 1997 PROGRAM YEAR 100,000
GENERAL FUND:
KRAMER SCHOOL LOAN REPAYMENT 90.000
TOTAL SOURCES $2.477.327
OWNER- OCCUPIED REHABILITATION
$ 600,000
HOMEBUYER ASSISTANCE GRANTS
100,000
WHEEL CHAIR RAMPS
20,000
NWH COMPLEX
302,327
SECTION 108 LOAN REPAYMENTS:
136,500
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 $2,477,327
HOME INVESTMENT PARTNERSHIPS PROGRAM
PROJECTED 1998 HOME ALLOCATION 910 000
CENTRAL HIGH HOMEOWNERSHIP ZONE
$100,000
NEW CONSTRUCTION
150,000
SUBSTANTIAL / MODERATE REHABILITATION
350,000
FIRST -TIME HOMEBUYER ASSISTANCE
82,500
CHDO SET -ASIDE (15 %)
136,500
HOME ADMINISTRATION (10 %)
91,000
TOTAL
$910.000
EMERGENCY SHELTER GRANT
PROJECTED 1998 ESG ALLOCATION $ 89.000
GRANTS TO HOMELESS SERVICE PROVIDERS $ 79,000
CODE ENFORCEMENT EMERGENCY ASSISTANCE 10.000
TOTAL $ 89.000
(Conectea 4- 2 -98.) TOTAL 1998 SOURCES AND USES $3,476.327
157. .