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HomeMy WebLinkAbout067 - 05/16/2023 - MAKING SUPPLEMENTAL APPROPRIATIONS IN THE HOME INVESTMENT PARTNERSHIPS GRANT FUNDORDINANCE NO.067,2023 OF THE COUNCIL OF THE CITY OF FORT COLLINS MAKING SUPPLEMENTAL APPROPRIATIONS IN THE HOME INVESTMENT PARTNERSHIPS GRANT FUND WHEREAS,the Home Investment Partnerships Program (the “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 that would increase the supply of decent,safe,and affordable housing;and WHEREAS,on March 1,1994,the City Council adopted Resolution 1994-042 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 estimates it will receive in federal fiscal year 2023-2024 unanticipated revenue in the form of HOME Program funds from HUD totaling is $669,292;and WHEREAS,the City received unanticipated HOME Program income in the amount of $281,806;and WHEREAS,this appropriation benefits the public health,safety and welfare of the residents of Fort Collins and serves the public purpose of providing affordable housing for city residents;and WHEREAS,Article V,Section 9 of the City Charter permits the City Council,upon recommendation of the City Manager,to make a supplemental appropriation by ordinance at any time during the fiscal year,provided that the total amount of such supplemental appropriation,in combination with all previous appropriations for that fiscal year,do not exceed the current estimate of actual and anticipated revenues and all other funds to be received during the fiscal year;and WHEREAS,the City Manager has recommended the appropriation described herein and determined that this appropriation is available and previously unappropriated from the Home Investment Partnerships Grant Fund and will not cause the total amount appropriated in the Home Investment Partnerships Grant Fund to exceed the current estimate of actual and anticipated revenues and all other ifinds to be received in this Fund during this fiscal year;and WHEREAS,Article V,Section 11 of the City Charter authorizes the City Council to designate in the ordinance when appropriating funds for a federal grant,that such appropriation shall not lapse at the end of the fiscal year in which the appropriation is made,but continue until the earlier of the expiration of the federal grant or the City’s expenditure of all funds received from such grant;and WHEREAS,the City Council wishes to designate the appropriation herein for the Home Investment Partnerships Program as an appropriation that shall not lapse until the earlier of the expiration of the grant or the City’s expenditure of all funds received from such grant. NOW,THEREFORE,BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1.That the City Council hereby makes and adopts the determinations and findings contained in the recitals set forth above. Section 2.That there is hereby appropriated from new revenue or other funds from HUD in the HOME Investment Partnerships Grant Fund the sum of SIX HUNDRED SIXTY- NINE THOUSAND TWO HUNDRED NINETY-Two DOLLARS ($669,292),to be expended in the HOME Investment Partnerships Grant Fund upon receipt from federal fiscal year 2023-2024 HOME Participating Jurisdiction Grant Funds. Section 3.That there is hereby appropriated from new revenue or other funds from program income in the HOME Investment Partnerships Grant Fund the sum of TWO HUNDRED EIGHTY-ONE THOUSAND EIGHT HUNDRED SIX DOLLARS ($281,806),to be expended in the HOME Investment Partnerships Grant Fund for approved HOME Program projects. Section 4.That the appropriation herein for HOME Investment Partnerships Grant Entitlement Program is hereby designated,as authorized in Article V,Section 11 of the City Charter,as an appropriation that shall not lapse at the end of this fiscal year but continue until the earlier of the expiration of the grant or the City’s expenditure of all funds received from such grant. Introduced,considered favorably on first reading,and ordered published this 2nd day of May,2023,and to be presented for final passage on the N” it ..P<.~‘1.1 .4) ATTEST:I SEAL ~.7/ It 16 ••ayofMay,I 3. C ATTES Passed and adopted on final readin:o the 16th day of May,2023.