HomeMy WebLinkAbout129 - 12/06/2016 - APPROPRIATING UNANTICIPATED REVENUE IN THE HOME INVESTMENT PARTNERSHIPS FUNDr
ORDINANCE NO. 129, 2016
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE HOME
INVESTMENT PARTNERSHIPS FUND
WHEREAS, the Home Investment Partnership 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 1994-092
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 has been notified by HUD that the City's HOME Participating
Jurisdiction Grant for the federal fiscal year 2016-2017 is $2,891 more than anticipated; and
WHEREAS, Article V, Section 9, of the City Charter 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, do not exceed the then current estimate' of actual and
anticipated revenues to be received during the fiscal year; and
WHEREAS, City staff has determined that the appropriation of the HOME Program
funds as described herein will not cause the total amount appropriated in the HOME Program
Fund to exceed the current estimate of actual and anticipated revenues to be received in that fund
during the 2016 fiscal year; and
WHEREAS, Article V, Section 11, of the City Charter provides that federal grant
appropriations shall not lapse if unexpended at the end of the fiscal year until the expiration of
the federal 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 for expenditure from unanticipated
revenue in the federal fiscal year 2016-2017 in the HOME Program Fund the sum of TWO
1-
r
THOUSAND EIGHT HUNDRED NINETY-THREE DOLLARS ($2,893), upon receipt from
federal fiscal year 2016-2017 HOME Participating Jurisdiction Grant Funds.
Introduced, considered favorably on first reading, and ordered published this 15th day of
November, A.D. 2016, and to be presented for final passage on the 6th day of December, A.D.
2016.
Mayor
ATTEST: 4 eoRT oolt
SEAL
Chief Deputy City Clerkpyy COLORA
Passed and adopted on final reading on the 6th day of December, A.D. 2016.
a
OF OR
c0i .••"..... , .l
i j,
y MayorSEA
ATTEST:
coiORA
w w
City Clerk
2-