1982-04-05 - Laserfiche WebLink

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RESOLUTION RE: REVOLVING INCOME FROM STARR HILL AND INNOVATIVE GRANT ACCOUNTS (I) (II) HAVE THE STAFF PREPARE SUCH A REPORT. MS. GLEASON MOTIONED THAT THE AMOUNT OF $2,757 BE REMOVED FROM THE SPECIAL PROJECTS FUND FROM ECONOMIC DEVELOPMENT (IN ADDITION TO THE $2425 PREVIOUSLY INDICATED) TO BE USED FOR ENERGY CONSERVATION. THE MOTION WAS SECONDED BY MR. CONOVER AND ADOPTED BY THE FOLLOWING VOTE: AYES: MR. ALBRO, MR. BUCK, MR. CONOVER, MS. GLEASON, BR. HALL. ON MOTION BY DR. HALL, SECONDED BY MR. CONOVER, THE RESOLUTION ADOPTING THE FY '82 - '83 BUDGET WITH THE AMENDMENTS STIPULATED WAS CARRIED OVER TO THE MEETING OF APRIL 12, 1982. MR. ALBRO STATED THAT THE BUDGET INCLUDED CERTIAN ITEMS HE DISAPPROVED OF, BUT THOSE ITEMS WOULD NOT EFFECT THE TAX RATE IN THE FINAL ANALYSIS, THEREFORE HE FELT HE COULD 'LIVE WITH' THE BUDGET AS PROPOSED. MAYOR BUCK STATED THAT CITIZENS ARE CONCERNED ABOUT WHAT CITY COUNCIL IS DOING IN THESE TIGHT FINANCIAL TIMES. HE STATED THAT THE PROPOSED BUDGET CONTAINS ONLY A 5.9% INCREASE OVER LAST YEAR'S BUDGET, WHICH IS SUBSTANTIALLY LESS THAN THE RATE OF INFLATION. MAYOR BUCK ALSO STATED THAT IT IS WORTHWHILE MENTIONING THE ELIMINATION OF APPROXIMATELY 45 POSITIONS PROPOSED IN THE BUDGET AND THAT APPROXIMATELY $45,000 HAS BEEN CUT OUT OF THE BUDGET FOR RECREATION. HE CONTINUED, SAYING THAT 60% OF THE REVENUES RECEIVED HAVE BEEN ALLOCATED TO THE SCHOOL SYSTEM. ON MOTION BY DR. HALL, SECONDED BY MS. GLEASON, THE FOLLOWING RESOLUTIONS WERE UNANIMOUSLY APPROVED. WHEREAS, THIS COUNCIL HAS PREVIOUSLY AUTHORIZED THE EXPENDITURE OF FEDERAL INNOVATIVE HOUSING PROGRAM FUNDS FOR THE SHORT-TERM REVOLVING RENTAL REPAIR LOAN PROGRAM~ AND WHEREAS, THIS PROGRAM WILL PRODUCE INCOME FROM THE REPAYMENTS OF THE ORIGINAL LOANS~ AND WHEREAS, THIS COUNCIL CONSIDERS IT TO HAVE BEEN THE ORIGINAL INTENTION THAT SAID PROGRAM WAS ESTABLISHED AS A CREVOLVlNG' FUND, IN ORDER THAT SUCH REPAYMENTS MIGHT BE USED FOR THE CONTINUATION OF THE PROGRAM; NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF CHARLOTTESVILLE, VIRGINIA THAT: 1. INCOME RECEIVED FROM THE REPAYMENT OF LOANS IN THE AFORESAID PROGRAM SHALL BE CREDITED TO THE FOLLOWING DESIGNATED ACCOUNT IN THE INNOVATIVE HOUSING PROGRAM FUND: SHORT-TERM RECYCLING RENTAL REPAIR LOAN PROGRAM 22-72050 AND MAY THEREAFTER BE EXPENDED FOR THE SAME PURPOSES AND UPON THE SAME TERMS AND CONDITIONS AS FUNDS ORIGINALLY APPROPRIATED OR ALLOCATED TO SAID PROGRAM. 2. THE DIRECTOR OF FINANCE AND THE DIRECTOR OF PLANNING AND COMMUNITY DEVELOPMENT ARE HEREBY AUTHORIZED AND DIRECTED TO TAKE WHATEVER STEPS MAY BE NECESSARY, CONSISTENT WITH APPLICABLE FEDERAL REGULATIONS, TO IMPLEMENT THE INTENTION OF COUNCIL EXPRESSED HEREIN. WHEREAS, THIS COUNCIL HAS PREVIOUSLY AUTHORIZED THE EXPENDITURE OF FEDERAL INNOVATIVE HOUSING PROGRAM FUNDS FOR VARIOUS HOUSING REHABILITATION AND HOUSING DEVELOPMENT PROGRAMS; AND WHEREAS, ONE OF THESE PROGRAMS -- THE HOUSE BANK PROGRAM -- HAS PRODUCED OR MAY PRODUCE INCOME FROM THE SALE OR LEASE OF PROPERTIES WHICH HAVE BENEFITED FROM PROGRAM EXPENDITURES~ AND WHEREAS, THIS COUNCIL CONSIDERS IT TO HAVE BEEN THE ORIGINAL INTENTION THAT SAID PROGRAM WAS ESTABLISHED AS'REVOLVINGt FUNDS, IN ORDER THAT SUCH INCOME MIGHT BE USED FOR THE CONTINUATION OF THE PROGRAM~ NOW, THEREFORE BE IT RESOLVED BY THE COUNCIL OF THE CITY OF CHARLOTTESVILLE, VIRGINIA, THAT: INCOME RECEIVED FROM THE DISPOSITION OF PROPERTIES IN THE AFORESAID PROGRAM SHALL BE CREDITED TO THE FOLLOWING DESIGNATED ACCOUNT IN THE INNOVATIVE HOUSING PROGRAM FUND: REHABILITATION FOR HOME OWNERSHIP PROGRAM 22-72010