Label
44th Year CDBG
Department of Neighborhoods
Bonita Bonds (x1401)
Revised
Title
Authorizing the Mayor to accept, deposit, appropriate and expend the Community Development Block Grant from the U.S. Department of Housing and Urban Development (HUD) in an amount estimated to be $7,457,293; 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:
This legislation provides funding for a variety of programs both for the administration of the CDBG program and programs operated internally by various city departments and operations, Community Development Corporations, and Social Service agencies. This legislation authorizes the acceptance, deposit, appropriation and expenditure estimated to be $7,457,293 in federal funds and more specifically, the One Year Action Plan for the 2018 Program Year to be submitted to HUD on June 30, 2018.
The financial impact of this Ordinance is the receipt of $7,457,293 from HUD to the city of Toledo for the administration of the CDBG Program as well as the allocation of funding to Community Development Corporations and various Social Service agencies in the Toledo community.
Summary
NOW, THEREFORE, Be it ordained by the Council of the City of Toledo:
SECTION 1. That the Mayor is authorized to submit the 2018-2019 One-Year Action Plan; accept the 2018 Program Year CDBG allocation from HUD, estimated to be $7,457,293; deposit the amount received from HUD into Account Code 2015-16100-407400-5G44000STDADM (Community Development Block Grant Fund) for the purpose of funding the CDBG Program.
SECTION 2. That the appropriation estimated to be $7,457,293 is authorized from the unappropriated grant proceeds in the Community Development Block Grant Fund into various accounts; and the expenditure of same is authorized pursuant to the attached Schedule A.
SECTION 3. That the Mayor is authorized to enter into any nec...
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