HomeMy WebLinkAboutCity Council Resolution 2002-358CITY OF PLYMOUTH
RESOLUTION 2002-358
AUTHORIZING A REALLOCATION OF 2001 AND 2002 CDBG FUNDS AMONG
VARIOUS PROGRAM ACTIVITIES
WI-1EREAS the City of Plymouth received Community Development Block Grant (CDBG)
funding that was allocated to the 2001 and 2002 Affordable Housing Development Program; and
WIffiREAS on July 18, 2002, the Plymouth Housing and Redevelopment Authority held a duly
constituted public hearing to allow interested parties to express their opinion on the reallocation
of fiinds; and
WIffiREAS there were no comments or testimony received from the public regarding the
reallocation of fiinds; and
WIffiREAS the Housing and Redevelopment Authority of the City of Plymouth has determined
the following to be an appropriate use of Community Development Block Grant fiinds in
accordance with federal guidelines and the City's HUD approved Consolidated Plan;
BE IT RESOLVED the City Council of Plymouth, Minnesota authorizes the reallocation of 2001
and 2002 CDBG funds among various CDBG Program Activities as follows, contingent on the
Council approving Tax Increment Housing Assistance Program (TIHAP) fiinds for Stone Creels
Village:
Reallocation of 2001 CDBG Funding
Affordable Housing Development Program
First Time Homebuyer Program
Housing Rehabilitation Program
Reallocation of 2002 CDBG Funding
Affordable Housing Development Program
First Time Homebuyer Program
Housing Rehabilitation Program
Current Allocation
$235,941.83
(earn- over from 2000)
$92,000.00
$85,300.00
Current Allocation
$103,850.00
$60,000.00
$75,000.00
Proposed Allocation
$0.00
$192,000.00
$221,241.83
Proposed Allocation
$28,850.00
$135,000.00
$75,000.00
BE IT FURTHER RESOLVED that all CDBG program income earned is to be expended as an
additional CDBG allocation for the program activity generating the income.
BE IT FURTHER RESOLVED that all unexpended 2001 CDBG fiinds be allocated to the same
program activity in 2002.
Adopted by the Plymouth City Council on August 13, 2002.
Resolution No. 2002-358
Page 2 of 2
STATE OF MINNESOTA)
COUNTY OF HENNEPIN) SS.
The undersigned, being the duly qualified and appointed City Clerk of the City of Plymouth,
Minnesota, certifies that I compared the foregoing resolution adopted at a meeting of the
Plymouth City Council on August 13, 2002 with the original thereof on file in my office, and the
same is a correct transcription thereof.
WITNESS my hand officially as such City Clerk and the Corporate seal of the City this
day of
City Clerk