Laserfiche WebLink
0 <br />REAPPROPRIATION OF INCOME <br />RECEIVED IN CERTAIN PROGRAMS <br />IN THE COMMUNITY DEVELOPMENT <br />BLOCK GRANT FUND <br />WHEREAS, this Council has previously authorized the expendi- <br />ture of federal Community Development Block Grant funds for var- <br />ious housing rehabilitation and housing development programs; and <br />WHEREAS, two of those programs, the land lease program and <br />the housing rehabilitation grant program, have produced or may <br />produce income from the sale or lease of properties which have <br />benefitted from program expenditures; and <br />WHEREAS, this Council considers it to have been the original <br />intention that such programs were established as "revolving" funds, <br />in order that such income might be used for the continuation of <br />the programs; now, therefore, be it <br />RESOLVED by the Council of the City of Charlottesville, <br />Virginia, that: <br />• 1. Income received from the disposition of properties in the <br />aforesaid two programs shall be credited respectively to the <br />following designated accounts in the Community Development Block <br />Grant Fund: <br />Land Lease Program - 14-72210 <br />Housing Rehabilitation Program - 14-72510 <br />and may thereafter be expended for the same purposes and upon the <br />same terms and conditions as funds originally appropriated or <br />allocated to such program. <br />2. The Director of Finance and Executive Director of the <br />Charlottesville Redevelopment and Housing Authority are hereby <br />authorized and directed to take whatever steps may be necessary, <br />consistent with applicable federal regulations, to implement the <br />intention of Council expressed herein. <br />Adopted by Council <br />Attester July 20, 1481 <br />Clerk of Council <br />9 <br />