Label
45th (2019) Program Year CDBG
Department of Neighborhood and Business Development
Bonita Bonds (x1401)
(Revised)
Title
Repealing in its entirety Ord. 154-19; authorizing the mayor to accept, deposit, appropriate and expend the Community Development Block Grant (CDBG) from the U.S. Department of Housing and Urban Development (HUD) in an amount of $7,423,463; authorizing the expenditure of CDBG carryover funds from all years prior to program year 2019 (45th) in the amount of $1,035,000; and authorizing submission to the U.S. Department of Housing and Urban Development of the One-Year Action Plan; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
Ordinance 154-19 passed by Council and signed by the Mayor was an estimate of what was anticipated to be received from the Department of Housing and Urban Development (HUD) for the Community Development Block Grant (CDBG). The City of Toledo was informed by HUD it will receive $7,423,463 for Fiscal Year 2019.
The financial impact of this Ordinance is the receipt of $7,423,463; $711,899 more than what was anticipated from HUD to the City of Toledo for the administration of the CDBG Program. No new programs or activities are added to those approved by City Council and the Mayor under Ordinance 154-19.
Summary
NOW, THEREFORE, Be it ordained by the Council of the City of Toledo:
SECTION 1. That Ordinance 154-19 is repealed in its entirety.
SECTION 2. That the mayor is authorized to submit the 2019-2020 One-Year Action Plan, accept the 2019 (45th) Program Year CDBG allocation from HUD in the amount of $7,423,463, and deposit the amount received from HUD into Account Code 2015-16100-407400-5G45000STDREV (Community Development Block Grant Fund) for the purpose of funding the CDBG Program.
SECTION 3. That the appropriation in the amount of $7,423,463 is authorized from the unappropriated grant proceeds of the Community Development Block Grant Fund into various accounts; and further aut...
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