HomeMy WebLinkAbout1999-017-02/16/1999-AMENDING RESOLUTION 98-91, PERTAINING TO THE 1998-99 CDBG PROGRAM RESOLUTION 99-17
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AMENDING RESOLUTION 98-91, PERTAINING TO
THE 1998-99 COMMUNITY DEVELOPMENT BLOCK GRANT
PROGRAM FOR THE CITY OF FORT COLLINS
WHEREAS,by Resolution 98-91,the Council of the City of Fort Collins approved the 1998-
99 Community Development Block Grant Program for the City of Fort Collins(the"Program");and
WHEREAS, the Program contemplated the funding of a certain project known as the
"Richard's Lake Townhomes"authorizing$138,222 to the applicant,Concorde Capital Corporation;
and
WHEREAS,Concorde Capital Corporation has given notice to the City that it will be unable
to utilize said funds for the Richard's Lake Townhomes Project; and
WHEREAS, the Northern Colorado Aids Project has requested that the Community
Development Block Grant Commission consider reallocation of the said sum of$138,222 to the
Northern Colorado Aids Project's Temporary Residence for Asset Development and Empowerment
("TRADE") House Project; and
WHEREAS, the Community Development Block Grant Commission on the 14th day of
January, 1999, recommended to the City Council that the aforesaid allocation be made to the
Northern Colorado Aids Project for the TRADE House in the sum of$138,222; and
WHEREAS, the Council has determined that the reallocation of said $138,222 from the
Richard's Lake Townhomes to the Northern Colorado Aids Project TRADE House is in the best
interests of the citizens of the City and should be approved.
NOW, THEREFORE, BE IT RESOLVED BY FHF,COUNCIL OF THE CITY OF FORT
COLLINS that Resolution 98-91of the Council of the City of Fort Collins, be, and hereby, is
amended by reallocating funding for the Program in the sum of$138,222 from the application of
Concorde Capital Corporation for the project known as Richard's Lake Townhomes to the
application of the Northern Colorado Aids Project for the Temporary Residence for Asset
Development and Empowerment ("TRADE") House Project.
Passed and adopted at a regular meeting of the Council of the City of Fort s held this
16th day of February, A.D. 1999.
Mavor
ATTEST:
City Clerk