RESOLUTION NO. RS2003-1494
A resolution appropriating certain 2003 Housing and Community Development funds.
WHEREAS, Ordinance No. BL 2002 - 1230 specified programs to utilize the 2003 Housing and Community Development Block Grant (CDBG Funds); and
WHEREAS, certain activities are, or soon will be ready to begin expenditures of the allocated funds;
NOW, THEREFORE BE IT RESOLVED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:
Section 1. The Metropolitan Development and Housing Agency is authorized to expend and/or transfer to be expended 2003 CDBG funds in the following amounts for the following purposes:
a. General Administration $ 549,139
b. Planning and Urban Environmental Design 434,319
c. Rehabilitation (Rehabilitation Loans, 1,497,652
d. Rental Rehabilitation 274,570
e. Acquisition of Real Property 399,374
f. Relocation 49,922
g. Economic Development 324,491
h. Affordable Housing Assistance 164,742
i. Youth Initiatives Program 349,452
j. Civic Design Center Assistance 100,000
k. Section 108 Loan Repayment 400,000
The remaining funds will be appropriated by resolution as plans are completed and filed.
Section 2. This Resolution shall take effect from and after its passage, the welfare of the Metropolitan Government of Nashville and Davidson County requiring it.
Sponsored by: Eileen beehan, Melvin Black, Lawrence hall, Jr., Amanda McClendon
|Referred to:||Federal Grants Review Committee|
|Introduced:||June 17, 2003|
|Adopted:||June 17, 2003|
|Approved:||June 19, 2003|