HomeMy WebLinkAbout075 - 06/18/2024 - MAKING SUPPLEMENTAL APPROPRIATIONS IN THE HOME INVESTMENTS PARTNERSHIPS GRANT FUNDThis Ordinance was repealed
and reenacted as:
Ordinance No. 088 , 2024
ORDINANCE NO. 075, 2024
OF THE COUNCIL OF THE CITY OF FORT COLLINS
MAKING SUPPLEMENTAL APPROPRIATIONS IN THE HOME
INVESTMENTS PARTNERSHIPS GRANT FUND
A. 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.
B. 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.
C. 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.
D. The City estimates it will receive in federal fiscal year 2024-2025
unanticipated revenue in the form of Home Investment Partnership Program (“HOME”)
funds from Housing and Urban Development (HUD) totaling $602,015.
E. The City received unanticipated HOME Program income in the amount of
$83,688.
F. Recommendations for the use of these funds will be presented to City
Council at its regular meeting on June 18, 2024.
G. 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.
H. 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.
I. 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 funds to be received in this Fund
during this fiscal year.
J.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.
K.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.
In light of the foregoing recitals,which the Council hereby makes and adopts as
determinations and findings,BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
FORT COLLINS as follows:
Section 1.There is hereby appropriated from new revenue or other funds from
HUD in the HOME Investment Partnerships Grant Fund the sum of SIX HUNDRED TWO
THOUSAND FIFTEEN DOLLARS ($602,015),to be expended in the HOME Investment
Partnerships Grant Fund upon receipt from federal fiscal year 2024-2025 HOME
Participating Jurisdiction Grant Funds.
Section 2.There is hereby appropriated from new revenue or other funds from
program income in the HOME Investment Partnerships Grant Fund the sum of EIGHTY-
THREE THOUSAND SIX HUNDRED EIGHTY-EIGHT DOLLARS ($83,688),to be
expended in the HOME Investment Partnerships Grant Fund for approved HOME
Program projects.
Section 3.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 on June 4,2024,and approved
on second reading for final passage on June 18,2024.
M[~
ATTEST:
Interim City Clerk
Effective Date:June 28,2024
Approving Attorney:Jenny Lopez Filkins