HomeMy WebLinkAboutCity Council Resolution 1997-749•
RESOLUTION NO. 97-749
APPROVAL OF REVISED 1997 COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG)
BUDGET ANn ALLOCATION OF ANTICIPATED 1998 CABG FUNDING FOR SHENANDOAH
WOODS APARTMENTS
WHEREAS, the Plymouth Housing and Redevelopment Authority (HRA) Board met on November 20.
1997 and held a duly advertised public hearing on December 1. 1997 to discuss the need to revise flu 1997
CDBG budget to allow for the creation of a new CDBG program activity and to reallocate funds to that
activity and to two existing program activities: and.
WHEREAS, the Plymouth HRA Board agreed that the need for affordable rental units in the City of
Plymouth has greatly exceeded the current supply while the development of an affordable rental housing
project to be known as Shemaidoah Woods Apartments is in need of additional funding to make this project
feasible; and,
WHEREAS. demand fot assistance to make needed home improvements has exceeded the funding ava6able
in the current allocation for the CDBG Housing Rehabilitation Loan program; and,
WHEREAS, additional funding is also needed to assist in the development of affordable handicap accessible
housing as per a request from Community Builders; and,
WHEREAS, sufficient funds exist within other program activity accounts to be reallocated within the 1997
CDBG budget to meet current urgent needs while $50,000 in anticipated 1998 CDBG budget funds would
be available next year; arid,
WHEREAS, the most efficient way to comply with new HUD procedures that require that the CDBG
budget be increased by the amount of program income in order to expend the full amount of available
CDBG fun fang, is to automatically increase the budget for an individual CDBG activity by the amount
of any program income earned by that activity at the time it is earned;
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL FOR THE CITY OF PLYMOUTH,
MINNESOTA, that the revised 1997 CDBG budget, as indicated below, be approved, including funding for
the new Shenandoah Woods Apartments activity of S50,000 in hurling allocated from the 1997 CDBG
budget and 550,000 in funding allocated from the anticipated 1998 CDBG budget.
1. Housing Rehabilitation Grata/Loaas 117,076
2. Affordable Hawing Assistance & Development Program 60,943
3. Hammer Residences 26,000
4. Greater Minneapolis Day Care Association (OMDCA) 24,000
5. Westonita Community Action Network (WeCAN) 7.300
6. Community Action Suburban Hennepin (CASH) 7,500
7. Park A Recreation Department Low Income Scholarships 5.000
8. TRAILS/Section 8 Self-Suf9c• -icy Program 6,000
9. Community Builders 25,000
10. Shenandoah Woods Apartments (new) 50,000
11. Administration K000
Totals SM.037
BE IT FURTHER RESOLVED, that any CDBG program income earned In excess of the amounts reflected
in the foregoing 1997 CDBG budget, shall automatically increase the total budget and the budget for an
individual CDBG activity by the amount of any program income earned by that activity at the time it is
earned and the appropriate City staff is hereby authorized to submit such increases to HUD in the
appropriate format.
Adopted by the Plymouth City Council on December 17, 1997.
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