HomeMy WebLinkAboutResolution - 2007-R0082 - Approve Recommendation For CDSB For CDBG, HOPE 3, HOME Programs - 02_22_2007Resolution No. 2007—R0082
February 22, 2007
Item No. 6.6
RESOLUTION
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the City Council of the City of Lubbock does hereby approve the
recommendations of the City of Lubbock Community Development and Service Board
for the reallocation of unspent funds from the Community Development Block Grant
(CDBG), HOPE 3 Program and HOME Investment Partnership Program (HOME). Said
recommendations are attached hereto and incorporated in this resolution as if fully set
forth herein and shall be included in the minutes of the City Council.
Passed by the City Council this 22nd day of February , 2007.
DAVID A. MA-LER,.
ATTEST:
ke6ecca Garza, City Secretary
APPROVED AS TO CONTENT:
0 _ l
Bill Howerton, Jr.
Community Development Director
APPROVED AS TSD-€PRM,
Amy Sims A11st ey
ccdocs/res-COL-CD&Sery Board —reallocation unspent funds HOME,HOPE,CDBG
2/12/2007
Resolution No. 2007—R0082
Projects Recommended for Funding
Agency Project Description
CDBG Funds:
N & E Lubbock CDC Existing Project
City of Lubbock Existing Project
City of Lubbock Existing Project
City of Lubbock Existing Project
Project
Amount
Down Payment & Closing Cost $ 100,000
108 Loan Payment 65,000
Emergency Repair 100,000
Residential Rehab -HOME Project Cost 20,000
Total CDBG 285,000
HOPE 3 Funds:
City of Lubbock New Project Construction for New Construction
Targeted Area East of Ave Q 240,000
Total HOPE 3 240,000
HOME Funds:
Community Housing Existing Project Handicapped Accessible Housing
Resource Board 100,000
Total HOME 100,000
Grand Total $ 625,000