HomeMy WebLinkAbout098 - 07/01/2025 - MAKING SUPPLEMENTAL APPROPRIATIONS IN THE HOMEORDINANCE NO.098,2025
OF THE COUNCIL OF THE CITY OF FORT COLLINS
MAKING SUPPLEMENTAL APPROPRIATIONS IN THE HOME
INVESTMENT 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 1994-042
authorizing the Mayor to submit to the United States 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 2025-2026
unanticipated revenue in the form of Home Investment Partnership Program (“HOME”)
funds from HUD totaling $650,490.
E.The City received unanticipated HOME Program income in the amount of
$146,479.
F.Recommendations for the use of these funds were presented to City
Council at its regular meeting on June 17,2025.
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.
The City Manager has recommended the appropriation described herein
and determined that the funds to be appropriated are available and previously
unappropriated from the Home Investment Partnerships Grant Fund and that this
appropriation 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 FIFTY
THOUSAND FOUR HUNDRED NINETY DOLLARS ($650,490),to be expended in the
HOME Investment Partnerships Grant Fund upon receipt from federal fiscal year 2025-
2026 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 ONE
HUNDRED FORTY-SIX THOUSAND FOUR HUNDRED SEVENTY-NINE DOLLARS
($146,479),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 17,2025,and approved
on second reading for final passage on July 1,2025.
ATTEST:
Effective Date:July 11,2025
Approving Attorney:Ted Hewitt
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Mayor Pro Tern
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City cij
Exhibits:None