HomeMy WebLinkAbout1983-038-02/15/1983-AUTHORIZING AN INCREASE FROM $15,000 TO $20,000 IN THE AMOUNT OF CDBG HOUSING REHABILITATION GRANT M RESOLUTION 83- 38
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING AN INCREASE FROM $15,000 TO
$20,000 IN THE AMOUNT OF CDBG HOUSING REHABILITATION
GRANT MONIES AVAILABLE FOR HOUSING REPLACEMENT PROJECTS
WHEREAS, the City operates its Housing Rehabilitation Program within
several guidelines, including a limitation on the total amount of a grant
or low-interest loan and a requirement that a structure be worth at least
twice the grant or loan amount after rehabilitation efforts, and
WHEREAS, a housing replacement option can be made available such that,
for Twenty Thousand Dollars ($20,000) in CDBG funds, former housing struc-
tures which failed the fifty percent (50%) of value requirement could be
replaced with an existing rehabilitated structure, and
WHEREAS, CDBG Citizens Steering Committee has discussed the housing
replacement option and recommends approval of said option, and
WHEREAS, the City Council wishes to authorize an increase in the
grant/loan limitation for use in housing rehabilitation projects
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that the City Council hereby authorizes an increase from Fifteen
Thousand Dollars ($15,000) to Twenty Thousand Dollars (E20,000) in the
amount of CDBG Housing Rehabilitation Grant monies available for use in
Housing Replacement Projects
Passed and adopted at a regular meeting of the Council of the City of
Fort Collins held this 15th day of February , 1983
:1L
Assistant r
ATTEST a
C ti y Clerk