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10 <br /> <br />APPROPRIATION: Housing Opportunities Made Equal (HOME) (FY 94/95) <br /> amendment (2nd reading) <br /> <br /> WHEREAS, the Council has previously approved the City's application f Or Housing <br />Opportunities Made Equal (HOME) funding from the Department of Housing and Urban <br />Development (HUD); <br /> <br /> WHEREAS, the region has been awarded $717,000 for year two or fiscal year <br />94/95, in HOME funding of which the City will receive $72,200 to be expended on affordable <br />housing initiatives such as Downpayment and Closing Cost Assistance, Rental Rehabilitation <br />Loan Program, and Vacant Lot Purchase for construction of low/moderate income housing; <br /> <br /> WHEREAS, it is a requirement of this grant that projects funded with HOME <br />initiatives money be matched with local funding in varying degrees; <br /> <br /> BE IT RESOLVED by the Council of the City of Charlottesville, Virginia that the <br />local match for the above listed programs will be covered by the Housing Initiatives Capital <br />Improvements Program account (26-041-051529) in the amount of $24,067. The total of the <br />HUD money and the local match, $96,267, will be distributed between the following three <br />accounts: Downpayment and Closing Cost Assistance (11-042-062073) will receive $36,200 <br />from HUD and $12,067 from City; Rental Rehabilitation Loan Program (11-042-062074) <br />will receive $36,000 from HUD and $12,000 from City, and Vacant Lot Purchase <br />(11-042-062075) shall be set up for potential future use. <br /> <br />HOME Program Funds <br />(Fiscal Year 94/95 <br /> <br />HOME % MATCH LOCAL <br />FUND~G REQUIRED MATCH TOTAL <br /> <br />Downpayment/Clo sing <br /> Cost Assistance <br />(I 1-042-062073) <br /> <br />$36,200 25% $12,067 $48,267 <br /> <br />Rental Rehab <br />(not substantial) <br />(11-042-062074) <br /> <br />$36,000 25% $12,000 $48,000 <br /> <br />Vacant Lot Purchase <br />(ultimately new <br />constructiOn) <br />(11-042-062075) <br /> <br />$ 0 25% $ 0 $ 0 <br /> <br />$72,200 $24,067 $96,267 <br /> <br />d. APPROPRIATION: $400,000 - ISTEA Grant - Rugby Road Bicycle Route <br /> (carried over) <br /> <br />e. APPROPRIATION: $22,379 - Police Training Grant (carried over) <br /> <br />f. APPROPRIATION: $40,894 - Fire Service Training Allocation (carded Over) <br /> <br />RESOLUTIONS: <br /> <br />Approving permit parking for: <br /> 1) Morris Road <br /> 2) Observatory Avenue <br /> <br /> 1) <br /> WlIEREAS, residents of Morris Road have requested that City Council designate <br />that street as a restricted parking block; and <br /> <br /> WHEREAS, in accordance with the permit parking regulations, the City Traffic <br />Engineer has conducted on street parking surveys and mailed notice to att residents of the <br /> <br /> <br />