HomeMy WebLinkAbout003 - 01/18/1983 - APPROPRIATING UNANTICIPATED REVENUE IN THE COMMUNITY DEVELOPMENT BLOCK GRANT FUND ORDINANCE NO. 3 1983
OF THE COUNCIL OF THE C=OF FORT COLLINS .
BEING AN ORDINANCE APPROPRIATING UNANTICIPATED
REVENUE IN THE COMMUNITY DEVELOPMENT BLOCK GRANT FUND
WHEREAS, Article V, Section 15, of the Charter of the City of Fort
Collins permits the Council to appropriate unanticipated revenue at any
time during the year in which such revenue is received; and
WHEREAS, the Community Development Block Grant Program provides loans
and grants to qualified homeowners for housing rehabilitation; and
WHEREAS, the Community Development Block Grant Program has received'
income from the repayment of these loans and grants.
WHEREAS, this income was not anticipated at the time the CDBG Program
budget was prepared.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that there is hereby appropriated for expenditure in 1983 from
unanticipated revenues in the Community Development Block Grant Fund the
sum of FIFTY SEVEN THOUSAND TWO HUNDRED SIXTY-SIX DOLLARS ($57,266) to be
used for additional housing rehabilitation loans.
Introduced, considered favorably on first reading, and ordered pub-
lished this 4th day of January, A.D. 1983, and to be presented for final
passage on the 18th day of January, A.D. 1983.
Mayor
ATTEST:
City Clerk
1983.Passed and adopted on final reading this 18th day of January, A.D.
Mayor
ATTEST:
City Clerk