HomeMy WebLinkAbout081 - 07/02/2019 - APPROPRIATING UNANTICIPATED REVENUE IN THE HOME INVESTMENT PARTNERSHIPS FUNDORDINANCE NO. 081, 2019
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE HOME
INVESTMENT PARTNERSHIPS FUND
WHEREAS, the Home Investment Partnership 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; and .
WHEREAS,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; and
WHEREAS, 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;and
WHEREAS, the City estimates it will receive in federal fiscal year 2019-2020
unanticipated revenue in the form of Home Investment Partnership Program ("HOME") funds
from Housing and Urban Development(HUD) totaling is$719,116; and
WHEREAS, on June 4, 2019, the City Council adopted Resolution 2019-074, approving
the CDBG Commission's recommendation as to which programs and projects should receive
HOME funding in the 2019 funding cycle; 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, the City Manager has recommended the appropriation described herein and
determined that this appropriation is available and previously unappropriated from the Home
Investment Partnerships Fund and will not cause the total amount appropriated in the Home
Investment Partnerships Fund to exceed the current estimate of actual and anticipated revenues to
be received in that fund during any fiscal year, and
WHEREAS, Article V, Section 11, of the City Charter provides that, federal grant
appropriations shall not lapse if unexpended at the end of the fiscal year until the expiration of the
federal grant; and
WHEREAS, this appropriation benefits public health,.safety and welfare of the citizens of
Fort Collins and serves the public purpose of providing safe and affordable housing for low-
income residents.
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NOW, THEREFORE,BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That the City Council hereby makes and adopts the determinations and
findings contained in the recitals set forth above.
Section 2. That there is hereby appropriated for expenditure from unanticipated
revenue in the federal fiscal year 2019-2020 in the HOME Program Fund the sum of SEVEN
HUNDRED NINETEEN THOUSAND ONE HUNDRED SIXTEEN DOLLARS ($719,116),
upon receipt from federal fiscal year 2019-2020 HOME Participating Jurisdiction Grant Funds.
Introduced, considered favorably on first reading, and ordered published this 4th day of
June, A.D. 2019, and to be presented for final passage on the 2nd day of July,, A.D. 2019.
Mayor Pro Tern
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Passed and adopted on final reading on the 2nd day of July, A.D. 2019.
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