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5 <br />WHEREAS <br /> , the region has been awarded $1,034,421, for year eleven or fiscal <br />year 03 - 04, in HOME funding of which the City will receive $129,303 to be expended on <br />affordable housing initiatives such as Downpayment and Closing Cost Assistance, and <br />Substantial Rehabilitation. <br /> <br />WHEREAS <br /> , it is a requirement of this grant that projects funded with HO ME <br />initiatives money be matched with local funding in varying degrees; <br /> <br />BE IT RESOLVED <br /> by the Council of the City of Charlottesville, Virginia that <br />the local match for the above listed programs will be covered by the Housing Initiatives <br />Capital Improvemen ts Program account (26 - 042 - 051545) in the amount of $43,100. The <br />total of the HUD money and the local match, $172,403, will be distributed between the <br />following two accounts: Downpayment and Closing Cost Assistance (11 - 042 - 093663) <br />will receive $50,121 from HUD and $16,810 from the City; Substantial Rehabilitation <br />(11 - 042 - 093664) will receive $79,182 from HUD and $26,290 from the City. <br /> <br />HOME Program Funds <br /> HOME % MATCH LOCAL <br />(Fiscal Year 03/04) FUNDING REQUIRED MATCH <br /> TOTAL <br /> <br />Downpayment/Closing $50,121 25% $16,810 <br /> $66,931 <br />Cost Assistance <br />(11 - 042 - 093663) <br /> <br />Substantial Rehabilitation $79,182 25% $26,290 <br /> $105,472 <br />(11 - 042 - 093664) <br /> <br /> ___________________________________________________ <br /> <br /> $129,303 $4 3,100 <br /> $172,403 <br /> <br /> <br />nd <br />APPROPRIATION <br />d. : $$289,724 - School Funds for CHS Boiler (2 reading) <br /> <br />BE IT RESOLVED <br /> by the Council of the City of Charlottesville, Virginia, that a <br />total of $ 289,624 received from the Charlottesville City Schools is hereby appropriat ed <br />from account 24 - 181 - 081105 - 43308 into account 24 - 181 - 081105 - 50111 in the School <br />Capital Fund for the replacement of CHS Boiler machinery. <br /> <br />APPROPRIATION <br />e. : $27,000 - Grant for Washington Park (carried over) <br /> <br />RESOLUTION <br />f. : Settlement of Worker's Com pensation Claim <br /> <br />BE IT RESOLVED <br /> by the Council of the City of Charlottesville, Virginia: <br />