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REETVED it? R,I TN PROGZ i:1'. <br />THE CO`rtmra.,T71 DEVEL0017 <br />BLOCK GR�L NT FUND <br />WHEREAS, th-s Ccuncil '-as :revic_us' aut."zed the <br />__re __-eCerai Commun'__'v --eve LCCment Bloc:i Grant f,=ds -0r 'iar- <br />iCUS' .^_ousing _e.n.ab_14 to ' o^. anti [dolls' -ng deve10Dment Cro Crams; and <br />WHEREAS, two of L ose procrams, land lease crocram and <br />:� cin" n bl' i - ran- o _ :� v c. _ ^c v <br />Lh2 CL`,._ r2.,a,.�_-_�-_iCn _ Cr:.�j. r...'i, �. i�. rOCllt...d Or '13i <br />oroduce -rcm the sale or '_ease o- D_TO_Ger`_-es which ha%:e <br />:benefitted from procram exuendit..res; and <br />'i!!-?ERE.?S, =._is Council considers it to have been the original <br />intention that such oroarams were established as "revolving" funds, <br />'-n order that SUC:; income inl Lilt �2 uS2c -Or the COP.ti_^.11a t' Cn of <br />the proarams; now, therefore, be it <br />RESOLVED by the Council of the City_ of Charlottesville, <br />iirginia, 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 />Housina Rehabilitaticn Proaram - i1-72510 <br />and may thereafter be expended for the same ourzoses and upon the <br />same terms and conditions as funds originally anorooriated or <br />._1lOCated to such brocram. <br />2. The Director of Finance and Executive Director of the <br />Charlottesville Redevelopment and :iousina=uthority_ are herebv <br />authorized and directed to take whatever steps may be necessary, <br />consistent with applicable federal regula_1onS, to i:nplcment Cne <br />intention of r011nci'_ 2=resSed ":erein. <br />dopr_eQ by Councli <br />J uty 20, 1981 <br />tteste. <br />..ler'_{ Q_- ouncli <br />0 <br />