HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 12/20/2005 - ITEMS RELATED TO THE COMPLETION OF THE FALL CYCLE ITEM NUMBER: 17
AGENDA ITEM SUMMARY DATE: December20, 2005
FORT COLLINS CITY COUNCIL STAFF: Ken Waldo
SUBJECT
Items Related to the Completion of the Fall Cycle of the Competitive Process for Allocating City
Financial Resources to Affordable Housing Projects/Programs and Community Development
Activities Utilizing HOME Investment Partnerships Funds, Community Development Block
Grant ("CDBG") Funds, and Funds from the City's Affordable Housing Fund.
RECOMMENDATION
The Community Development Block Grant ("CDBG") Commission presents a list of
recommendations as to which programs and projects related to affordable housing should receive
funding. Staff recommends adoption of the Ordinances on Second Reading.
EXECUTIVE SUMMARY
A. Second Reading of Ordinance No. 157, 2005, Appropriating Unanticipated Revenue and
Authorizing the Transfer of Appropriations Between Projects in the HOME Investment
Partnership Program.
B. Second Reading of Ordinance No. 158, 2005, Appropriating Unanticipated Revenue and
Authorizing the Transfer of Appropriations Between Projects in the Community
Development Block Grant Program.
The CDBG Commission recommends which programs and projects should receive funding from
several funds including: the City's Home Investments Partnership ("HOME") Program funds for
the FY 2005 Program year; other available HOME Program and CDBG Program funds; and/or
the City's Affordable Housing Fund. The total amount of funding requests considered by the
CDBG Commission was approximately $2.1 million, however, only about $1.9 million of funds
are available. The CDBG Commission recommends full funding for six (6) proposals, partial
funding for two (2), and no funding for one (1) proposal. Unallocated funds will be carried over
to the Spring 2006 cycle of the competitive process. Both Ordinances were unanimously
adopted on First Reading on November 15, 2005.
ITEM NUMBER: 38
AGENDA ITEM SUMMARY DATE: November 15, 2005
FORT COLLINS CITY COUNCIL STAFF: Ken Waido
SUBJECT
,
Items Related to the Completion of the Fall Cycle of the Competitive Process for Allocating City
Financial Resources to Affordable Housing Projects/Programs and Community Development
Activities Utilizing HOME Investment Partnerships Funds, Community Development Block
Grant ("CDBG") Funds, and Funds from the City's Affordable Housing Fund.
RECOMMENDATION
The Community Development Block Grant ("CDBG") Commission presents a list of
recommendations as to which programs and projects related to affordable housing should receive
funding. Staff recommends adoption of the Resolutions and the Ordinances.
EXECUTIVE SUMMARY „„ i P ', a .11311PI, P
,i
A. Public Hearing and R" solution 2005,E 23 l Approvi ''!' the Fiscal Year 2005 HOME
Investment Partnerships ,Prtigra4n rind• 'the Util ` ation of Unprogrammed and
Reprogrammed Funds from Previous Fiscal Year HOME and CDBG Grants, and HOME
and CDBG Program Income.
B. Resolution 2005-124 Allocating Funding from the City's Affordable Housing Fund.
C. First Reading of Ordinance No. 157, 2005, Appropriating Unanticipated Revenue and
Authorizing the Transfer of Appropriations Between Projects in the HOME Investment
Partnership Program.
D. First Reading of Ordinance No. 158, 2005, Appropriating Unanticipated Revenue and
Authorizing the Transfer of Appropriations Between Projects in the Community
Development Block Grant Program.
The City Council is scheduled �o copdypt a^ ubI hy, an consider the adoption of two
resolutions. Resolution 2005j23 Willi„establ4'' ) w« hrams and projects will receive
funding from the City s HOML'Prograt jfor th P005 Prm year and which programs and
projects will receive funding frl'*' :otlier l I ild le« OME am and CDBG Program funds.
Resolution 2005-124, establishes which programs and projects will receive funding from the
City's Affordable Housing Fund.
The Resolutions establishing which programs and projects will receive HOME, CDBG, and City
Affordable Housing Fund dollars represent the culmination of the fall cycle of a competitive
applications process. This process was approved in January 2000 by the Council to apply the
City's financial resources to affordable housing programs/projects and community development
�I
November 15, 2005 -2- Item No. 38
activities. Additional background material about the competitive process is included in
Attachment A. The total amount of funding requests considered by the CDBG Commission was
approximately $2.1 million, however, only about $1.9 million of funds are available. The
CDBG Commission recommen fu1�f�u dings ort x{t ) proposals, partial funding for two (2),
and no funding for one (1) pr osal. Ut`�lloca d n{��W44�bp"oarried over to the Spring 2006
cycle of the competitive proces }
BACKGROUND
The CDBG Commission recommends which programs and projects should receive funding from
several funds including: the City's Home Investments Partnership ("HOME") Program funds for
the FY 2005 Program year; other available HOME Program and CDBG Program funds; and/or
the City's Affordable Housing Fund.
Selection Process
The competitive process established criteria to determine priorities between proposals received
by the City. The ranking criteria are divided into five major categories. Each category is given a
total number of points that has beep eight, accQ 3tmg tarcN eir j,g portance with respect to local
and federal priorities. The fiv Enaloca, gon �
1. ImpactBenefit
2. Need/Priority
3. Feasibility
4. Leveraging Resources
5. Capacity and History
The Impact/Benefit criteria provide greater rewards to proposals that target lower income
groups. The Need/Priority criteria help assure the proposal meets adopted City goals and
priorities. The Feasibility criteria rewards projects for timelines and documented additional
funding. The Leveraging Resources criteria rewards proposals which will return funds to the
City (via loans) and for their ability to leverage other resources. The Capacity and History
criteria help gauge an applicant's ability to do the project and rewards applicants that have
completed successful projects in the past. The ranking sheet used to assist the CDBG
Commission is included in Attachment 1.
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The Commission also conside d the f dm M t lm { cif ta'6ed in the PriorityAffordable
Housing Needs and Stratus repo ''hl ad pt y0a e � ncil on July 20, 2004. These
guidelines include:
• HOME funds should generally be allocated as follows: 90% for Housing
projects and 10% for Program Administration. The Department of
Housing and Urban Development ("HUD") HOME Program regulations
also require the City to set aside 15% for CHDO projects and allow an
allocation of 5% for CHDO operations;
November 15, 2005 -3- Item No. 38
• CDBG funds should generally be allocated as follows: 65% for Housing
projects; 15% for Public Services; and the balance for Public Facilities
and Program Administration;
• funds allocated t ,thfltin she Id nallabe cvided as follows: 70%
for rental proje and 30 for h w rshl' portunities; and
• the average su iidy sho ld b� t#0r per it, with relatively more
funding to projectsfiproducibg.h6i sin .for lowel come families.
The CDBG and HOME Programs are ongoing grant administration programs funded by HUD.
The City of Fort Collins has received CDBG Program funds since 1975 and HOME Program
funds since 1994. The City is an Entitlement recipient of CDBG funds and a Participating
Jurisdiction recipient of HOME funds, meaning the City is guaranteed a certain level of funding
each year. The level of funding is dependent on the total amount of funds allocated to the
programs by Congress and on a formula developed by HUD, which includes data on total
population, minorities as a percentage of population, income levels, housing stock conditions.
Additional background information on the City's HOME and CDBG Programs are presented in
Attachments 3 and 4 respectively.
On January 13, 2005, the CDBG Commission held a public hearing to obtain citizen input on
community development and affordable housing needs. The HOMEICDBG Program office
placed legal advertisements in -oaL 4nd re—' w§ apt s starting in July to solicit requests
for HOME and CDBG fun de rogra and j isSd F}f proposals for the use of funding
from the City's Affordable H sing Fu,Eid. Th p= ication Oadline was Thursday, August 18.
At the close of the deadline hen,,.CSt 'recce ed.� ine (9) .applications requesting a total of
Y
approximately$2.1 million.
Copies of all applications were forwarded through the City Manager's office to the City Council
on September 1, 2005, and placed in the Council Office for review. Also on September 1, 2005,
copies of the applications were distributed to the CDBG Commission and the Affordable
Housing Board.
On September 15, 2005, the Affordable Housing Board conducted a special meeting to review
the affordable housing proposals and formulate a list of priority projects which was forwarded to
the CDBG Commission (see Attachment 2). On September 22, 2005, the CDBG Commission
met to hear presentations and ask clarification questions from each applicant. The Commission
then met on September 29, 2005, for the purpose of preparing a recommendation to the City
Council as to which programs and projects should be funded within funds available from the fall
cycle of the competitive procSs pt is ee 'rtg h�i�omrtission reviewed the written
applications, the applicant's v;Uiprevio
al prefntatio t i A ion provided during the question
and answer session, and revied the erfo a „„,of age'�HH#ies who received HOME funds,
CDBG funds, or other funding S,ye `s.. he Commission then worked on their list of
recommendations.
AVAILABLE FUNDS
The amount of the City's FY 2005 HOME Grant available for projects is $613,693. Added to the
HOME Grant will be $200,000 of estimated HOME Program Income, $229,258 of
Unprogrammed and Reprogrammed HOME funds from previous grants, $185,329 of
November 15, 2005 -4- Item No. 38
Unprogrammed and Reprogrammed CDBG funds from previous grants, and $735,898 from the
City's Affordable Housing Fund to create a potential pool of $1,964,178 of funds available for
programs and projects during the fall cycle of the competitive process. Unprogrammed funds
are funds that are available froruupev us fan he ha, no been allocated to any specific
program/project. Reprogr d fund fu s' attre� l'able from a previous grant that
were allocated to a program/pr ect but f ve be fumed to a City.
CDBG funds are typically allocated in the spring and are not available for use in the fall cycle of
the competitive process. However, the City did not allocate all of its available CDBG funds in
the spring cycle of 2005 carrying over an amount of$185,329 for allocation in the fall cycle.
The following summarizes the amount and sources of available funds:
AMOUNT SOURCE
$511,411 HOME FY05-06 Grant
$102,282 HOME FY05-06 CHDO
$46,265 HOME FY03 Reprogrammed
$159,663 HOME FY04 Unprogrammed
$23,330 HOME FY04-05 CHDO
$200,000 HOME Program Income
$22 4 I-;,,,QDJ5&RY0 epgog
$121 36 C G F 5 n ' I gi' ed
$ 582 C G FY!05 a ro r ed
$3 1'?00,,,,,ClAG,,PFogdhn Incom
$735,898 Affordable Housing Fund
$1,964,178 1 Total
CDBG COMMISSION'S LIST OF RECOMMENDATIONS
HUD HOME regulations limit the amount of available funds that can be allocated to various
categories. Funds for administrative purposes are limited to 10% of the HOME Grant which
means 90% of the Grant must be used for housing projects. Within the 90% required for
projects, the City is required to set aside 15% for CHDO projects and allow an allocation of 5%
for CHDO operations (if any applications are received). Similarly, HUD CDBG regulations
limit the amount of available funds that can be allocated to various categories. Funds for
Administrative purposes are limited to 20% of the CDBG Grant and estimated Program Income
and funds for Public Services at ahm, d 1a 15{°�0; frrl
• rt � Iloc�ted all eligible funds for public
services during the spring cyc of the mpe v ss'kN�d' designated approximately 13%
for administrative purposes.
The Commission not only decided which applicants presented programs and projects which best
fit into the City's HOME and CDBG Programs, but also insured funding allocations were kept
within HUD regulations and follow the funding guidelines contained in the Priority Affordable
Housing Needs and Strategies report.
Listed below is a summary of each applicant's initial request for funding and the Commission's
list of recommendations.
November 15, 2005 -5- Item No. 38
L HOUSING PROJECTS
1. ACCESSIBLE SPACE — FORT COLLINS, COLORADO SUPPORTIVE
HOUSING DEVELOP�WN {+(E
Amount of Request: $ 00 000 , 250 Q OUE/$2 000 Affordable Housing Fund-
DU&' on salelfoa + %:sltnple intd I st fee)
Recommendation: $500,000 - Grant ($95,570 from HOME FY04 Unprogrammed,
$204,430 from HOME FY05-06 Grant, and $200,000 from the
City's Affordable Housing Fund). Funding must be in the form of
a grant because local funding must be a grant in order for the
project to receiving additional Section 811 funding from HUD.
Accessible Space will develop one newly constructed, barrier free 2 story project with a
centrally located elevator for ease of resident access. The building will provide housing
for 22 very low income persons with disabilities and will include 18 one bedroom and 5
two bedroom units, including one unit for an on-site caretaker. The project will serve
adults with a wide range of disabilities levels up to and including those individuals
requiring the use of a wheelchair.
2. CITY OF FORT COLL�NS3 H M) B A I&'iANCE
I,� T
Amount of Request: 00,000 OM4$ �1b.000 A, rdable Housing Fund - Due on
sa' docrri/5tsar i le�.1>kterest fear
Recommendation: $300,000 - Due on sale loan/5% simple interest fee ($200,000
from HOME Program Income and $100,000 from the Affordable
Housing Fund)
This program is administered by the Advance Planning Department and provides zero-
percent interest loans, to eligible first-time homebuyers. A five percent fee is added to the
loan balance at the time of repayment. The assistance covers down payment and closing
costs to a maximum of $9,600 for households at 51% to 80% of Area Median Income
("AMI") and $19,200 for buyers at or below 50% of AMI working through Habitat or
Section 8 Homeownership projects. Approximately 32 households will be assisted with
this funding. CDBG funding of $200,000 has already been allocated and must be
matched with other funds.
3. LARIMER COUNTYi70011� IMPI20 i N[ PROGRAM
�
Amount o Re uest: 0,000 ME- �' .
f q �. E,
Recommendation: $6bODffL i+�ar �o he Affor ble Housing Fund
This program has two components. The first component is the on-going repair and
rehabilitation program serving all of Latimer County. The program is designed to assist
homeowners who are at or below 80% of AMI. The program serves a high percentage of
seniors who are long term homeowners receiving only social security. They generally can
not afford to make the necessary repairs to their homes without grant assistance.
November 15, 2005 -6- Item No. 38
The second component is emergency assistance (Emergency Funds Program). The
program assists very low income families in need of emergency assistance such as water
heaters, furnace replacement or other related repairs; generally these are mobile homes.
4. FORT COLLINS �USI CO RA I 0+L VILLAGE ON COWAN
STREET REHABILI TIOt�
}iillilenii �kEt6uu,.. ..n�Y 4u•. ..I�lil
Amount of Request: $110,358 CDBG Due on sale loan/5% simple interest fee
Recommendation: $110,358 - Due on sale loan/5% simple interest fee ($46,265 from
HOME FY03 Reprogrammed and $64,093 from HOME FY04
Unprogrammed)
The Village on Cowan Street is owned by the Fort Collins Housing Corporation
("FCHC") and consists of 19 total units. There are 16 two bedroom units, one one-
bedroom apartment, and two single-family homes on the site. Many items identified as
immediate needs relate directly to preserving the integrity of the structures. Repair items
include concrete repair; low maintenance exterior siding; energy efficient windows and
doors; and HVAC system repairs.
5. FORT COLLINS HOUSING AUTHORITY — VILLAGE ON PLUM FINAL
PHASE (FROMERLY l�NQW1 ,AS,, L PY,WH Lg1�i')
II Iit�i�t� Y •1
Amount of Request: 04 296 (DBG u ri sale lod"'/5% simple interest fee
Recommendation: $ ,296 'Duev n s le loan/5, simple interest fee ($3,611 from
CDBG FY04 Reprogrammed, $121,436 from CDBG FY05
Unprogrammed, $9,582 from CDBG FY05 Reprogrammed, and
$31,700 from CDBG Program Income)
The FCHC is requesting funds to increase the curb appeal of Village on Plum with
interior and exterior rehabilitation. The funding is for the final phase of rehabilitation of
the project. The project is located at Taft Hill Road and West Plum Street. The project is
conveniently located near shopping, schools and public transportation.
6. FORT COLLINS PWC—WILLOX LANE AFFORDABLE HOUSING
Amount of Request: $600,000 Affordable Housing Funds Due on sale loan/5% simple
interest fee
Recommendation: $2 0;00p - Due„.onY le l 5�% simple interest fee from the
ordabIle'$ousa IiY nd�IE��
j k finel1
II
The proposed project in�lt�ls!es'the'lucquisitiA,of a portion of a 10.3 acre site to construct
a 64 unit affordable housing development, including 24 two-bedroom units and 40 three
bedroom units, with 100% of the households eaming 50% or less of AMI. The project
includes a 2,500 square foot community building with a full kitchen, exercise room,
meeting/recreation room, laundry room and leasing office and computer learning center.
November 15, 2005 -7- Item No. 38
7. NEIGHBOR TO NEIGHBOR - REHABILITATION OF CRABTREE
APARTMENTS
Amount of Request: $7Jp 30f {CD G ue ssq e n/5a simple interestfee
Recommendation: 300i ue o ao iple interest fee ($23,330 from
ME F4+OSCl",', and S0,970 from HOME FY05-06
ICID0) Q
The proposed project involves the rehabilitation of two side-by-side four-plexes on
Crabtree Drive. CDBG funds are requested to rehabilitate the kitchens and bathrooms,
which will include addressing mold and water damages issues.
IL PUBLIC FACILITIES
1. NEIGHBOR TO NEIGHBOR—FACILITY IMPROVEMENT
Amount of Request: $271,500 Due on sale loan15% simple interest fee
Recommendation: $0
Neighbor to Neighbor is requesting funds to consolidate two offices. The main office of
Neighbor to Neighbor 1pcat1 the UJ
o W;, bylding will be moved to the
Coachlight Plaza Ap ent. 1 Coa i ce� }P> be remodeled and expanded to
accommodate 14 total loyee'�The� Yi atill save approximately $25,000 a
year which will be inves ,balk i to�.ol�entrvices. .••, •.
III. PLANNING AND ADMINISTRATION
1. NORTH FORT COLLINS BUSINESS ASSOCIATION—ACTION PLAN
Amount of Request: $20,000 CDBG Grant
Recommendation: $19,000 Grant from CDBG FY04 Reprogrammed
North Fort Collins Business Association is requesting funds to perform a marketing study
in the area with two main components: 1) create a detailed Land Use Inventory of all
parcels, ownership, status of use, status of site improvements, inventory owners interest
in redevelopment and land assemblage; and 2) develop a Land Use Plan that will identify
prospective development opportunities and the actions that are required to allow for their
active marketing and development p�� �rr� J, o 11,
x
i�ilAuni+ain+'" Idr,,,,,:.,nlu' .• n•.. . 1t n...
November 15, 2005 -8. Item No. 38
Presented below is a listing of the CDBG Commission recommendations by funding source.
CDBG FY04 Reprogrammed ($22 611 available)e)
Recommendatio a 'ect
$3,611 rt lli usin Corp. - Village on Plum
$19,000 usin ' s Association - Action Plan
$22,611 146commen&d Funding Total
$0 Remaining Balance
CDBG FY05 Unprogrammed ($121,436 available)
Recommendation Applicant—Project
$121,436 Fort Collins Housing Corp. - Village on Plum
$121,436 Recommended Funding Total
$0 Remaining Balance
CDBG FY05 Reprogrammed ($9,582 available)
Recommendation Applicant—Project
$9,582 Fort Collins Housing Corp. - Village on Plum
$9,582 Recommended Funding Total
$0 Remaining Balance
CDBG Program Income ($31 00 ava' '''ble) F',;i ,f r'
Recommendat "" [cant ro'ect
,
$31,700 �"Aliw MA CollinslHousing Co - Village on Plum
$31,700 Recommended Funding Total
$0 Remaining Balance
HOME FY03 Reprogrammed ($46,265 available)
Recommendation Applicant—Project
$46,265 Fort Collins Housing Corp. - Village on Cowan
$46,265 Recommended Funding Total
$0 Remaining Balance
HOME FY04 Unprogrammed ($159,663 available)
Recommendation Applicant—Project
$95,570 Supportive Housing Development
$64,093 Fort Collins Housing Corp. - Village on Cowan
$159,663 „, ,>__° =ni omrnqpdedfunding Total
$0 ';'i m I in lance
Ig ill
„H
HOME FY05-06($511,411 av�kable G= Jt .dlll �!
Recommendation Applicant—Project
$204,430 Supportive Housing Development
$204,430 Recommended Funding Total
$306,981 Remaining Balance
November 15, 2005 -9- Item No. 38
HOME FY04-05 CHDO ($23,330 available)
Recommendation I Applicant—Project
$23,330 1 Neighbor to Neighbor- Crabtree A is Rehab
$23,330 «,,, 1 RpeoliprWdedJFundingTotal
$0 " m 'in Lance
HOME FY05-06 CHDO ($102,182 available}'' .=E-
Recommendation Applicant—Project
$50,970 Neighbor to Neighbor- Crabtree A is Rehab
$50,970 Recommended Funding Total
$51,312 Remaining Balance
HOME Program Income ($200,000 available)
Recommendation Applicant—Project
$200,000 City of Fort Collins -Home Buyer Assistance
$200,000 Recommended Funding Total
$0 Remaining Balance
Affordable Housing Fund ($735,898 available)
Recommendation Applicant—Project
$200,000 e= ^ •,,,; rmorHousing Development
$100,000 ty Fo llins - Home Buyer Assistance
$60,000 ""mer Ho a Improvement Program
$137,967 P-rt Col I i n d1iusin Co . - Village on Plum
$200,000 Willox Lane Affordable Housing
$697,967 1 Recommended Funding Total
$37 931 Remaining Balance
SUMMARY
Total amount of funding requested = $2,118,954
Total amount of funding available= $1,964,178
Total amount of funding allocated = $1,567,954
The total amount of funding requests considered by the CDBG Commission was approximately
$2.1 million, however, only about $1.9 million of funds are available. With the amount of total
requests exceeding available fuu3 ng;,IpbvypusI no �t11 pti atio�s could be funded.
��II, '�� ;E'i
The CDBG Commission has rommen�d ful�u�wng for s (6) Proposals, partial funding for
two (2), and no funding for on {1,�:pYop sale he: ommissi •s reasons for either full funding,
partial funding or no funding, for all projects are presented in Attachment 5.
1. The Commission has recommended allocating all (100%) of the available
$185,329 of CDBG funds.
2. The Commission has recommended allocating $684,658 (66%) of the $1,042,951
available HOME funds.
November 15, 2005 -10- Item No. 38
3. The Commission has recommended allocating $697,967 (95%) of the $735,898
available from the Affordable Housing Fund.
Unallocated funds will be carrieduovNto °SWn elle oftthe competitive process.
A summary of the Commission's CDBG µndin �kemmenda� ns by category is as follows:
Recommended Funding % of Total Category
$ 19,000 1.2% Plannin
$1,548,954 98.8% Affordable Housing
$1567,954 100.0% 1 Total
ATTACHMENTS
Attachment 1 - Background Information on the Competitive Process.
Attachment 2 - Affordable Housing Board's Listing of Priorities.
Attachment 3 - Background Information on the HOME Program.
Attachment 4 -Background Information on the CDBG Program.
Attachment 5 - CDBG Commissiop',s Compap1.rits QP!(fie F ng ltpcommendations.
�r '� 77
ORDINANCE NO. 157, 2005
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE
AND AUTHORIZING THE TRANSFER OF APPROPRIATIONS BETWEEN PROJECTS
IN THE HOME INVESTMENT PARTNERSHIPS GRANT FUND
WHEREAS, the HOME Investment Partnership Program ("HOME Program") was
authorized by the National Affordable Housing Act of 1990 to provide funds in the form of
Participating Jurisdiction Grants for a variety of housing-related activities which would increase the
supply of decent, safe, sanitary and affordable housing; and
WHEREAS,on March 1, 1994,the City Council adopted Resolution 94-92 authorizing the
Mayor to submit to the Department of Housing and Urban Development("HUD")a notification of
intent to participate in the HOME Program; and
WHEREAS, on May 26, 1994, HUD designated the City as a Participating Jurisdiction in
the HOME Program, allowing the City to receive an allocation of HOME Program funds as long as
Congress re-authorizes and continues to fund the program; and
WHEREAS,the City will receive unanticipated Home Investment Partnerships("HOME")
Program income in the 2005-2006 federal fiscal year in the amount of$200,000; and
WHEREAS, unexpended funds are also available from the HOME Program for the federal
2003-2004 fiscal year from grant funds that were previously allocated to a project but have been
returned to the City due to failure to complete the project, in the amount of$46,265; and
WHEREAS, unexpended funds are also available from the HOME Program for the federal
2004-2005 fiscal year in the amount of$182,993; and
WHEREAS,Article V, Section 9,of the Charter of the City of Fort Collins permits the City
Council to make supplemental appropriations by ordinance at any time during the fiscal year,
provided that the total amount of such supplemental appropriations,in combination with all previous
appropriations for that fiscal year, does not exceed the current estimate of actual and anticipated
revenues to be received during the fiscal year; and
WHEREAS, City staff has determined that the appropriation of unanticipated HOME
Program income will not result in total appropriations in excess of the current estimate of actual and
anticipated revenues for fiscal year 2005; and
WHEREAS,Article V,Section 10,of the Charter authorizes the City Council to transfer by
ordinance any unexpended and unencumbered amount or portion thereof from one project to another
project, provided that the purpose for which the funds were initially appropriated no longer exists;
and
WHEREAS,Article V,Section 11,of the Charter provides that federal grant appropriations
shall not lapse if unexpended at the end of the budget year until the expiration of the federal grant;
and
WHEREAS,by adoption of Resolution 2005-123,the City Council approved Programs and
Projects for the 2005-2006 HOME Program.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That there is hereby appropriated for expenditure from unanticipated program
income revenue,upon receipt thereof into the Home Investment Partnerships Grant Fund,the amount
of TWO HUNDRED THOUSAND DOLLARS ($200,000) for approved Home Investment
Partnerships projects.
Section 2. That the unexpended and unencumbered amount of FORTY-SIX THOUSAND
TWO HUNDRED SIXTY-FIVE DOLLARS($46,265)is hereby authorized for transfer from 2003-
2004 HOME Program projects to the 2005-2006 HOME Program.
Section 3. That the unexpended and unencumbered amount of ONE HUNDRED EIGHTY-
TWO THOUSAND NINE HUNDRED NINETY-THREE DOLLARS ($182,993) is hereby
authorized for transfer from 2004-2005 HOME Program projects to the 2005-2006 HOME Program.
Introduced, considered favorably on first reading, and ordered published this 15th day of
November, A.D. 2005, and to be presented for final pas n the 20th day of Member, A.D.
2005.
May J
ATTEST:
City Clerk
Passed and adopted on final reading this 20th day of December, A.D. 2005.
Mayor
ATTEST:
City Clerk
ORDINANCE NO. 158, 2005
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE
AND AUTHORIZING THE TRANSFER OF APPROPRIATIONS BETWEEN PROJECTS
IN THE COMMUNITY DEVELOPMENT BLOCK GRANT FUND
WHEREAS, Article V, Section 9, of the Charter of the City of Fort Collins ("Charter")
permits City Council to make supplemental appropriations by ordinance at anytime during the fiscal
year, provided that the total amount of such supplemental appropriations, in combination with all
previous appropriations for that fiscal year, does not exceed the current estimate of actual and
anticipated revenues to be received during the fiscal year; and
WHEREAS,Article V,Section 10,of the Charter authorizes the City Council to transfer by
ordinance any unexpended and unencumbered amount or portion thereof from one fund or capital
project to another fund or capital project,provided that the purpose for which the funds were initially
appropriated no longer exists; and
WHEREAS,Article V,Section 11,of the Charter provides that federal grant appropriations
shall not lapse if unexpended at the end of the budget year until the expiration of the federal grant;
and
WHEREAS,the City will receive in federal fiscal year 2005-2006 unanticipated revenue in
the form of federal Community Development Block Grant("CDBG")Program income in the amount
of$31,700; and
WHEREAS,unexpended funds are also available from the CDBG program from prior fiscal
years in the amount of$22,611; and
WHEREAS,City staff has determined that the appropriation of unanticipated CDBG grant
revenue from the U.S.Department of Housing and Urban Development("HUD")as described herein
will not result in total appropriations in excess of the current estimate of actual and anticipated
revenues for fiscal year 2005; and
WHEREAS, by adoption of Resolution 2005-123, the City Council approved Additional
Programs/Projects for the 2005-2006 Community Development Block Grant Program.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That there is hereby appropriated from unanticipated program income revenue,
upon receipt thereof into the Community Development Block Grant Fund,the amount of THIRTY-
ONE THOUSAND SEVEN HUNDRED DOLLARS ($31,700) for approved Community
Development Block Grant programs and projects.
Section2. That the unexpended and unencumbered amount of TWENTY-TWO
THOUSAND SIX HUNDRED ELEVEN DOLLARS ($22,611) is hereby authorized for transfer
from the 2004-2005 Community Development Block Grant Program to the 2005-2006 Community
Development Block Grant Program and appropriated therein.
Introduced, considered favorably on first reading, and ordered published this 15th day of
November, A.D. 2005, and to be presented for final passage on the 20th day of December, A.D.
2005. 7
Mayo
ATTEST:
City Clerk �F
Passed and adopted on final reading this 20th day of December, A.D. 2005.
Mayor
ATTEST:
City Clerk