HomeMy WebLinkAbout063 - 10/07/1975 - CREATING AN ACCOUNT WITHIN THE TRUST FUND TO BE KNOWN AS THE COMMUNITY DEVELOPMENT BLOCK GRANT ACCOU ORDINANCE NO 63 1975
BEING AN ORDINANCE CREATING AN ACCOUNT WITHIN
THE TRUST FUND TO BE KNOWN AS THE COMMUNITY
DEVELOPMENT BLOCK GRANT ACCOUNT AUTHORIZING
THE DEPOSIT OF CERTAIN FUNDS TO BE RECEIVED
BY THE CITY IN SUCH ACCOUNT AND APPROPRIATING
FUNDS FROM SUCH ACCOUNT FOR EXPENDITURE DURING
THE YEAR 1975
WHEREAS the City of Fort Collins has applied for a
Community Development Block Grant from the Department of
Housing and Urban Development and
WHEREAS it appears that such grant will be made to the
City and
WHEREAS such grant was not anticipated at the time the
1975 budget was prepared but Section 15 of Article V of the
Charter of the City of Fort Collins permits the Council to
authorize the expenditure of such grant
NOW THEREFORE BE IT ORDAINED BY THE COUNCIL OF THE
CITY OF FORT COLLINS
Section 1 That any amounts received under the Community
Development Block Grant from the Department of Housing and Urban
Development shall be placed in a special account within the
Trust Fund known as the Community Development Block Grant
Account
Section 2 There shall be added to such account such
amount as the City Council may from time to time determine
and in addition all additional grants received from the Depart-
ment of Housing and Urban Development and/or the Colorado State
Division of Housing for the purposes identified in the Community
Development Block Grant application shall be placed in such
account
Section 3 The sum of $200 000 00 being the amount to be
received from the Department of Housing and Urban Development
under the grant is hereby appropriated for expenditure during
the year 1975 for the purposes for which such grant was made
contingent only upon the receipt of such amount by the City of
Fort Collins
Introduced considered favorably on first reading and
ordered published this 16th day of September A D 1975 and
to be presented for final passage on the 7th day of October
A D 1975 l
ATTEST Mayor
City C erk
Passed and adopted on final reading this 7th day of
Octoher A D 1975
� �
ATTEST yor
&�
City Clerk
-2-