A resolution appropriating certain 2001 Housing and Community Development funds.

Whereas, Ordinance No. BL 2000 - 495 specified programs to utilize the 2001 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 2001 CDBG funds in the following amounts for the following purposes:

a. General Administration $ 575,000
b. Planning and Urban Environmental Design 455,000
c. Rehabilitation (Rehabilitation Loans Emergency Rehabilitation) 1,405,000
d. Rental Rehabilitation 390,000
e. Acquisition of Real Property 415,000
f. Relocation 50,000
g. Economic Development
h. Affordable Housing Assistance 120,000
i. Youth Initiatives Program 160,000
j. Civic Design Center Assistance 100,000
k. Section 108 Loan Repayment 500,000

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: Amanda McClendon, Melvin Black, Chris Ferrell, David Briley & Tony Derryberry



Referred to: Federal Grants Review Committee
Introduced: May 15, 2001
Adopted: May 15, 2001
Approved: May 16, 2001