HomeMy WebLinkAbout5283 RESOLUTION NO 5,283
A RESOLUTION OF THE BOARD OF DIRECTORS OF
LITTLE ROCK, ARKANSAS APPROVING THE APPLI-
CATION FOR MODEL CITIES TRANSITION FUNDING;
AND FOR OTHER PURPOSES
WHEREAS, under the provisions of Title I of the Demonstration
Cities and Metropolitan Development Act of 1966, as amended, the
Secretary of Housing and Urban Development is authorized to pro-
vide financial assistance to cities for carrying out comprehen-
sive city demonstration programs; and
WHEREAS, the City has entered into a Grant Agreement under
such Act with the United States of America acting by and through
the Secretary of Housing and Urban Development, pursuant to
which Federal funds were provided for; and
WHEREAS , the City has applied for additional financial assis-
tance under such act in the amount of $445 ,687. 00 for carrying
out the comprehensive city demonstration program, and
WHEREAS, the Governing Body is cognizant of the conditions
of the Housing and Community Development Act of 1974 , regarding
grants under Title I of the Demonstration Cities and Metropolitan
Development Act of 1966 , as amended, payable from appropriations
made for fiscal year 1975 and made with respect to a comprehen-
sive city demonstration program being carried on in any unit of
general local government which is eligible to receive a grant
as a formula entitlement or as a hold harmless amount for such
fiscal year under such Housing and Community Development Act of
Act of 1974 .
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS
OF THE CITY OF LITTLE ROCK, ARKANSAS .
SECTION 1. That it is hereby recognized that the amount
of such assistance, namely $445 ,687 .00 for the comprehensive
city demonstration program shall be deducted from the amount
of grants which the City is eligible to receive for fiscal
year 1975 under such Housing and Community Development Act of
1974 .
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SECTION 2 . This Resolution shall be in full force and
effect from and after its adoption.
ADOPTED: November 5, 1974
ATTEST: 0.4 APPROVED: G(/iS /
City Clerk Mayor