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HomeMy WebLinkAbout2009-050-06/02/2009-APPROVING THE PROGRAMS AND PROJECTS THAT WILL RECEIVE FUNDS FROM THE COMMUNITY DEVELOPMENT BLOCK GRA RESOLUTION 2009-050 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROVING THE PROGRAMS AND PROJECTS THAT WILL RECEIVE FUNDS FROM THE COMMUNITY DEVELOPMENT BLOCK GRANT RECOVERY(CDBG-R) PROGRAM WHEREAS, on February 17,2009,the American Recovery and Reinvestment Act of 2009 (the "Act") was enacted by the United States Congress and signed into law by President Obama in order to provide a stimulus to the United States economy in the wake of the economic downturn;and WHEREAS, the Act includes federal tax relief, expansion of unemployment benefits and other social welfare provisions,and domestic spending and education,healthcare,and infrastructure, and also appropriated$1,000,000,000 in Community Development Block Grant funds so that local governments may carry out on an expedited basis certain eligible activities under the CDBG program; and WHEREAS, the new CDBG funds being disbursed under the Act are referred to as CDBG Recovery (CDBG-R) Program funds and are additional and supplemental to the City's fiscal year CDBG program; and WHEREAS, this Resolution establishes which programs and projects will receive funding from the CDBG-R Program which has allocated the sum of$271,137 to the City for disbursement; and WHEREAS,the CDBG-R Program is being processed on an expedited basis as required by the Act and the City's amendment to its fiscal year CDBG program must be delivered to the Department of Housing and Urban Development by Friday, June 5, 2009; and WHEREAS,the CDBG Commission has recommended that affordable housing funding in the amount of $230,466 be dedicated to rehabilitation of the Fort Collins Housing Authority's Village on Stanford and that the remaining portion of the CDBG-R funds in the amount of$40,671 be dedicated to the Homeless Prevention Initiative: Emergency Rent Assistance Program; and WHEREAS, the City Council has determined that it is in the best interests of the City that the CDBG-R Program Funds be authorized for expenditure in accordance with the recommendations of the CDBG Commission, and in a timely manner, so as to avail the City of the CDBG-R funds. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS that funds made available to the City by reason of the Act CDBG-R Program in the total amount of$271,137 are hereby apportioned as follows: 1. Under the category of affordable housing, that the Fort Collins Housing Authority Village on Stanford Rehabilitation project be funded in the amount of$230,466. 2. Under the category of public services, that the Homeless Prevention Initiative: Emergency Rent Assistant Program be funded in the amount of $40,671. Passed and adopted at a regular meeting of the Council of the City of Fort Collins this 2nd day of June A.D. 2009. 10 4May ; ATTEST: UL -City Clerk