HomeMy WebLinkAbout067 - 07/07/2009 - APPROPRIATING UNANTICIPATED REVENUE IN THE COMMUNITY DEVELOPMENT BLOCK GRANT FUND ORDINANCE NO. 067, 2009
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE
COMMUNITY DEVELOPMENT BLOCK GRANT FUND
WHEREAS, the American Recovery and Reinvestment Act of 2009 (the "Act') is an
economic stimulus package enacted by the United States Congress and signed into law on February
17, 2009 by President Obama; and
WHEREAS, the Act appropriated $1 billion to the Development of Housing and Urban
Development in Community Development Block Grant ("CDBG") funds for states and local
governments to stimulate the economy by carrying out, on an expedited basis, eligible activities
under the Community Development Block Grant Recovery ("CDBG-R") Program; and
WHEREAS,the supplemental CDBG-R Program funds awarded to the City total $271,137
(the"Grant Funds")and are to be allocated to modernize infrastructure, improve energy efficiency,
and expand educational opportunities and access to healthcare; and
WHEREAS, Resolution 2009-050, adopted on June 2, 2009, establishes the programs and
projects to be funded with the Grant Funds; 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, does not exceed the 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 revenue as described
herein will not cause the total amount appropriated in the Community Development Block Grant
Fund to exceed the current estimate of actual and anticipated revenues for fiscal year 2009.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that there is hereby appropriated from unanticipated revenue from the Community
Development Block Grant Recovery Program funds in the Community Development Block Grant
Fund the sum of TWO HUNDRED SEVENTY ONE THOUSAND ONE HUNDRED THIRTY
SEVEN DOLLARS($271,137)for expenditure in the Community Development Block Grant Fund.
Introduced,considered favorably on first reading,and ordered published this 2nd day of June,
A.D. 2009, and to be presented for final passage on the 7th day ly, A.D. 2009.
Y
Mayor
.ATTEST:
iLa
City Clerk
Passed and adopted on final reading on the 7th day of July, A.D. 2009.
Mayo
ATTEST:
City ler