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HomeMy WebLinkAbout2002-015-02/05/2002-ESTABLISHING A GEOGRAPHIC LOCATION PRIORITY POLICY FOR THE ALLOCATION OF FUNDING THROUGH THE COMPETI RESOLUTION 2002-015 OF THE COUNCIL OF THE CITY OF FORT COLLINS ESTABLISHING A GEOGRAPHIC LOCATION PRIORITY POLICY FOR THE ALLOCATION OF FUNDING THROUGH THE COMPETITIVE PROCESS WHEREAS, the City of Fort Collins allocates financial assistance to programs and projects that expand or preserve the inventory of affordable housing and/or provide needed community services to the citizens of Fort Collins; and WHEREAS, the City uses a competitive process to analyze and prioritize proposals for funding for affordable housing and needed community services to assure that funding is provided to the applications that best fit the City's goals and policies; and WHEREAS, on November 6, 2001, the City Council directed staff to develop a policy that helps determine where City funds could be allocated through the competitive process. NOW THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1. That allocations of funding through the competitive process shall be subject to the following: a. Funding priority will be given to projects/programs that are located within the city limits or within the boundaries of the Fort Collins Growth Management Area (GMA). b. Projects/programs must demonstrate that they provide a direct and substantial benefit or services to the citizens of Fort Collins and help further the City's affordable housing and community development program goals in order to receive funding. Section 2. That City staff may establish administrative criteria to implement the policy established in Section 1 hereof. Passed and adopted at a regular meeting of the Council of the City of-Fort Collins held this 5th day of February, A.D. 2002. j Mayor ATTEST: rCity Clerk