HomeMy WebLinkAbout11823I RESOLUTION NO. 11,823
2 A RESOLUTION TO APPROVE THE USES OF PROJECTED 2005
3 CDBG, HOME AND ADDI FUNDS AS PART OF THE CITY'S
4 ANNUAL PLAN; AND FOR OTHER PURPOSES.
6 WHEREAS, as a part of the annual plan which must be submitted to the U.S.
7 Department of Housing & Urban Development ( "HUD ") by November 15, 2004, the
8 City must suggest the source of uses of certain funds to be received from HUD, and
9 WHEREAS, consistent with the City's Citizen Participation plan, the
10 Consolidated Planning Committee and the Project Review Committee have
11 recommended the sources and uses of 2005 HUD entitlement funds which are
12 anticipated to total Three Million, Five Hundred Eighty -Two Thousand, Four Hundred
13 Ninety -Six Dollars ($3,582,496.00), and
14 WHEREAS, at least two (2) public hearings have been conducted in order to
15 assure the maximum citizen input possible;
16 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
17 THE CITY OF LITTLE ROCK, ARKANSAS:
18 Section 1. The Board recommends submission of the following projected uses
19 of an anticipated Two Million, One Hundred Seven Thousand Dollars ($2,107,000.00) in
20 Community Development Block Grant Funds:
21 (A) Owner - occupied rehabilitation $400,000
22 (B) Demolition 25,000
23 (C) Meals On Wheels 25,000
24 (D) Wheelchair Ramps 10,000
25 (E) Day Resource Center for Homeless 70,000
26 (F) West Central Little Rock Senior Activity Center 13,381
[PAGE 1 OF 3]
Resolution
Approve 2005 CDBG, HOME
And ADDI Funds
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(G) Save -A -Home
100,000
(H) Infrastructure:
287,000
(i) 83rd Street Reconstruction
200,000
(ii) Holt Street Reconstruction
(Phase I, 11, 111 ROW & Utilities)
27,000
(iii) 11th Street Reconstruction (Design)
30,000
(iv) CDC /CHDO Related Infrastructure
30,000
(J) Section 108 Loan Repayments
617,000
(i) Kramer School
92,000
(ii) Lee School (Neighborhood Resource
Center)
275,000
(iii) Infrastructure
250,000
(K) NWH Complex
174,619
(L) Administration
385,000
Section 2. The Board recommends submission of
the following
projected uses
of an anticipated One Million, Three Hundred Ninety -Seven Thousand
Dollars
($1,397,000.00) in 2004 Home Investment Partnership Funds:
(A) Substantial /Moderate Rehabilitation
$411,400
(B) New Construction
511,400
(C) Save -A -Home
200,000
(D) CHDO Set -Aside
164,500
(E) Administration
109,700
Section 3. The Board recommends submission
of the projected
use of an
anticipated Seventy -Eight Thousand, Four Hundred Ninety -Six Dollars
($78,496.00) in
American Dream Down Payment Initiative Program:
(A) Grants to First Time Homebuyers
78,496
Resolution
Approve 2005 CDBG, HOME
And ADDI Funds
[PAGE 2 OF 3]
I Section 4. Severability. In the event any title, section, paragraph, item,
2 sentence, clause, phrase, or word of this resolution is declared or adjudged to be invalid
3 or unconstitutional, such declaration or adjudication shall not affect the remaining
4 portions of the resolution which shall remain in full force and effect as if the portion so
5 declared or adjudged invalid or unconstitutional was not originally a part of the
6 resolution.
7 Section 5. Repealer. All ordinances and resolutions are hereby repealed to the
8 extent of such inconsistency.
9 ADOPTED: September 7, 2004
10 ATTEST: APPROVED:
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12 Q.aaz
13 N ncy Wood, City Clerk
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15 APPROVED AS TO LEGAL FORM:
16 {
18 Thomas M. Carpenter, City ttorney
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Resolution
Approve 2005 CDBG, HOME
And ADDI Funds
Ji ailey, Mayor
2005 CONSOLIDATED PLANNING
RECOMMENDATIONS ON PROJECTED SOUCES AND USES OF FUNDING
COMMUNITY DEVELOPMENT BLOCK GRANT:
SOURCES:
PROJECTED 2005 CDBG ALLOCATION $2,007,000
PROJECTED PROGRAM INCOME $ 100,000
TOTAL $2,107,000
USES:
OWNER- OCCUPIED REHABILITATION
400,000
DEMOLITION
25,000
MEALS ON WHEELS
25,000
WHEELCHAIR RAMPS
10,000
DAY RESOURCE CENTER FOR HOMELESS
70,000
WEST CENTRAL LITTLE ROCK SENIOR ACTIVITY CENTER
13,381
SAVE -A -HOME
100,000
INFRASTRUCTURE:
83RD STREET RECONSTRUCTION
200,000
HOLT STREET RECONSTRUCTION (PHASE I, II, III
27,000
ROW AND UTILITIES)
11 r" STREET RECONSTRUCTION (DESIGN)
30,000
CDC /CHDO RELATED INFRASTRUCTURE
30,000
SECTION 108 LOAN REPAYMENTS:
KRAMER SCHOOL
92,000
LEE SCHOOL (NEIGHBORHOOD RESOURCE CENTER)
275,000
INFRASTRUCTURE
250,000
NWH COMPLEX
174,619
ADMINISTRATION
385,000
TOTAL
$2,107,000
HOME INVESTMENT PARTNERSHIP PROGRAM:
SOURCES:
PROJECTED 2005 HOME ALLOCATION $1,097,000
PROJECTED PROGRAM INCOME $ 300,000
TOTAL $1,397,000
USES:
SUBSTANTIAL /MODERATE REHABILITATION 411,400
NEW CONSTRUCTION 511,400
SAVE -A -HOME 200,000
CHDO SET - ASIDE: 164,500
ADMINISTRATION 109,700
TOTAL $1,397,000
AMERICAN DREAM DOWNPAYMENT INITIATIVE PROGRAM:
PROJECTED 2005 ADDI ALLOCATION 78 496
GRANTS TO FIRST TIME HOMEBUYERS 78 496