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RESOLUTION 7,077
A RESOLUTION TRANSFERRING OBLIGATED FUNDS OF
THE CITY OF LITTLE ROCK'S COMMUNITY DEVELOP-
MENT BLOCK GRANTS (CDBG) FROM THE EIGHTH
YEAR (1982 -83) TO THE NINTH YEAR (1983 -84)
CDBG PROGRAM; AND AMENDING THE NINTH YEAR
CDBG PROJECT ALLOCATIONS.
WHEREAS, THE CITY OF LITTLE ROCK DESIRES FOR ACCOUNTING
PURPOSES TO CONSOLIDATE IN A SINGLE COMMUNITY DEVELOPMENT
BLOCK GRANT (CDBG) PROGRAM YEAR ALL FUNDS INVOLVED IN ITS
LUMP -SUM DRAW -DOWN AGREEMENTS FOR HOUSING REHABILITATION;
AND
WHEREAS, THE AMENDMENTS NECESSARY TO THE PURPOSE IN-
VOLVE NO SUBSTANTIVE CHANGE IN THE CDBG PROGRAM AND, THERE-
FORE, NO CITIZEN PARTICIPATION PROCESS IS DEEMED PREREQUISITE;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS
OF THE CITY OF LITTLE ROCK:
SECTION 1. COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG)
FUNDS IN AN AMOUNT TOTALLING $435,107.53 APPROPRIATED FOR
RESIDENTIAL AND COMMERCIAL REHABILITATION IN THE APPROVED
EIGHTH YEAR CDBG PROGRAM, BUT UNENCUMBERED AS OF JULY 1, 1983,
NAMELY, UNENCUMBERED APPROPRIATIONS IN ACCOUNTS STYLED EMER-
GENCY GRANTS, LOANS, NO- INTEREST LOANS, LOAN /GRANTS, COMMERCIAL
REHABILITATION, AND ADMINISTRATION OF REHABILITATION LOANS, ARE
HEREBY TRANSFERRED TO LIKE USES IN THE NINTH YEAR CDBG PROGRAM.
ADOPTED: November 1, 1983
ATTEST: APPROVED: no
C y Clerk J ne Czech 1Sayor J. V?. Benaield