HomeMy WebLinkAboutRESOLUTIONS-1985-045-R-855/23/85 j
45-R-85
A RESOLUTION
• Amending the 1985-86 Community
Development Block Grant Program
and Authorizing the Reallocation
of Unexpended 1985 Funds
WHEREAS, the Evanston City Council with the passage of Resolution
5-R-85 did approve an application for 1985-86 Community Development Block
Grant entitlement funds and did direct the City Manager to file said
application with the United States Department of Housing and Urban
Development; and
WHEREAS, the City of Evanston's 1985-86 Community Development
Block Grant Program was approved by said United States Department on March
7, 1985; and
WHEREAS, funds in the amount of $15,000, which represented program
• income from the Evanston Community Development Corporation's (ECDC's)
Rehabilitation Loan Portfolio, were allocated to the City of Evanston's
Single Family Housing Rehabilitation program; and
WHEREAS, the City Council of the City of Evanston desires that
this ECDC program income be retained by ECDC to cover potential legal fees j
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resulting from litigation including rehab loans in ECDC's current loan
portfolio; and
WHEREAS, the balance of program income remaining after the payment
of legal fees is desired to be used to offset ECDC's fiscal year 1986-87
Corporate Maintenance budget; and
WHEREAS, unexpended funds are available in the 1985-86.Unspecified i
•Local Option account to be used to cover the loss of program income dollars
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budgeted in the City's Housing Rehab program; and j
•
5/23/85
45-R-85
WHEREAS, reallocation of said funds from the 1985-86 Unspecified
Local Option account would require that the City of Evanston's 1985-86
Community Development Block Grant Program be revised; and
WHEREAS, the Housing and Community Development Act Committee did
conduct a public meeting on May 14, 1985 to hear public opinion on said
reallocations according to the Community Development Citizen Participation
Plan;
NOW, THEREFORE, be it resolved that the City Council of the City
of Evanston, Cook County, Illinois, hereby amends its 1985-86 Community
Development Block Grant Program and authorizes the following reallocations:
• ELEVENTH YEAR GRANT - 1985
-- $15,000 from 1985-86 Unspecified Local Option transferred to
1985-86 City Single -Family Housing Rehabilitation program. j
-- $15,000 in ECDC program income from 1985-86 City Single Family
Housing Rehabilitation program transferred to a new account
entitled "ECDC Legal Fee Reserve".
UMayor
ATTEST:
• City Clerk
ADOPTED: /(/ ,1985
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