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HomeMy WebLinkAboutHousing & Redevelopment Authority Resolution 93-24HRA RESOLUTION 93-24 REC0M1d NDLNG ALLOCATLON OF FISCAL YEAR 1994 COMMUNITY DEVELOPMENT BLACK GRANT FUNDS WHEREAS, the City of Plymouth for Fiscal Year 1994 will be in receipt of approximately 272,000 of Community Development Block Grant funds to utilize in such a way as to assist low and moderate income persons; and, WHEREAS, on October 19, 1993, the Plymouth Housing and Redevelopment Authority beld a duly constituted public hearing to allow interest parties to express their opinion; and, WHEREAS, the Housing and Redevelopment Authority of the City of Plymouth discussed ways the Community Development Block Grant funds could be utilized in accordance with federal guidelines; NOW, I WFORE, BE IT HEREBY RESOLVED BY THE HOUSING AND REDEVELA MENT AUTHORITY OF THE CITY OF PLYMOUTH, M1NINES0TA, that the Housing Authority recommends the Plymouth City Council allocate the Fiscal Year 1994 Community Development Block Grant funds as follows: 1. Rehabilitation of Private Dwellings a. Administration of Activity $ 7,000 b. Grants/loans to homeowners S69.000 Subtotal $ 75,000 2. Child Care Assistance a. Administration of Activity $ 1,000 b. Child Can Assistance $24.000 Subtotal $ 25.E 3. Scattered Site Homeownership a. Administration of Activity $ 5,000 b. Grants/loans to First Time Homebuyers S60, Subtotal $ 65,000 4. Plymouth Park & Recreation a. Administration of Activity $ 500 b. Capital Funding $ 4,500 C. One-on-one assistance S 5,000 Subtotal $ 10,000 0 5. Community Action Suburban Hennepin County a. Administration of Activity $ 500 b. Public Service S 9.500 Subtotal $10,000 6. Hennepin Technical Centers a. Administration of Activity $ 1,000 b. Capital Funding S61.000 Subtotal $ 62,000 9. Administration of Overall CDBG Program $ 25,000 Total $272,000 FUIUM t, that should the total CDBG allocation for Fiscal Year 1994 exceed $272,000, the excess shall be allocated on a prorated basis to approved activities, subject to CDBG limitations. Adopted by the Housing and Redevelopment Authority on October 19, 1993. sr/res:cftlO19) IN