HomeMy WebLinkAbout188 - 12/07/2004 - APPROPRIATING UNANTICIPATED REVENUE IN THE HOME INVESTMENT PARTNERSHIPS GRANT FUND ORDINANCE NO. 188, 2004
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE
IN THE HOME INVESTMENT PARTNERSHIPS GRANT FUND
WHEREAS, the City will receive unanticipated Home Investment Partnerships ("HOME")
Program income in the 2004-2005 federal fiscal year in the amount of$200,000; and
WHEREAS, the City will also receive unanticipated HOME Grant Funds from the HOME
American Dream Grant in the amount of$53,862; and
WHEREAS,the HOME American Dream Grant funds must be used for down payments on
properties to be bought by individuals; and
WHEREAS, Article V,Section 9,of the Charter of the City of Fort Collins 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 unanticipated HOME
Program income and unanticipated HOME American Dream Grant income will not result in total
appropriations in excess of the current estimate of actual and anticipated revenues for fiscal year
2004; and
WHEREAS,by adoption of Resolution 2004-131,the City Council approved Programs and
Projects for the 2004-2005 HOME Program.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That there is hereby appropriated for expenditure from unanticipated program
income revenue,upon receipt thereof into the Home Investment Partnerships Grant Fund,the amount
of TWO HUNDRED THOUSAND DOLLARS ($200,000) for approved Home Investment
Partnerships projects.
Section 2. That there is hereby appropriated for expenditure from unanticipated HOME
American Dream Grant revenue,upon receipt thereof into the Home Investment Partnerships Grant
Fund,the amount of FIFTY-THREE THOUSAND EIGHT HUNDRED SIXTY-TWO DOLLARS
($53,862) for approved Home Investment Partnerships projects.
Introduced, considered favorably on first reading, and ordered published this 16th day of
November,A.D. 2004,and to be presented for final passage on the 7t} ay of December A .2004.
ayor
ATTEST:
City Clerk
Passed and adopted on final reading this 7th day of December, 004.
Mayor
ATTEST:
City Clerk v