2009-07-20 - Laserfiche WebLink

Home Browse Search

8 WHEREAS, the City of Charlottesville’s Downtown Mall Project has been completed with a budget savings of $1,198,337; NOW THEREFORE BE IT RESOLVED, by the Council of the City of Charlottesville, Virginia that $1,100,000 in Capital Improvement Funds is hereby reprogrammed and appropriated in the following manner: $800,000 to be transferred from P-00156 $600,000 Fund: 426 WBS: P-00204 G/L Account: 599999 $200,000 Fund: 426 WBS: P-00539 G/L Account: 599999 RESOLUTION : ALLOCATION OF FY 2009 CHARLOTTESVILLE HOUSING FUNDS Mr. Tolbert said that Council has previously allocated $850,000 and $489,143 remains to be allocated of FY 2009 housing funds. He recommended adding $25,000 for site work for the Eco Mod Site due to environmental problems with the land. Responding to a question from Dr. Brown, Mr. Tolbert said that funds were added for the housing position because the previous salary was found to be too low and because he is trying secure get two years of salary. He said the position will look for funding, housing projects, partnerships with non-profits, will be a resource to the community, will staff the Housing Advisory Committee, and will compile data. Mr. Huja agreed that two years’ commitment is needed. Mr. Norris said he hopes the position will be able to generate money for the salary in the future. Responding to a question from Dr. Brown, Mr. Tolbert said that the Virginia Supportive Housing project is estimated to cost $8 million. He said they are asking the City for $500,000 and $1 million from regional partners. He said Albemarle County and Region Ten have offered Section 8 rental vouchers for operating funds. Dr. Brown said he would like to structure it so that we do not move forward if others do not commit and suggested adding a contingency clause to the resolution. Mr. Tolbert said that if the other things do not happen before closing the City will get its money back. Mr. Huja agreed the projects needs to be regional. Ms. Edwards asked about the impact of taking those rental vouchers out of circulation, and Mr. Tolbert said they will not be taken out, but will be project based. Dr. Brown made a motion to approve the $150,000 for the SRO contingent on a commitment of HOME housing funds and rental vouchers from Albemarle County and Region Ten. Mr. Tolbert clarified that they need $500,000 to purchase the property. Mr. Norris suggested making closing on the project contingent on the regional commitment. Mr. Tolbert said the funding will go to Region Ten, and the City can get the property if the project does not move forward. Mr. Brown noted that the City would have to put up an additional $1 million to get ownership of the property.