HomeMy WebLinkAboutOrdinance 16574-09-2005Ordinance No ~(p.$~J'~~y-~QS
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE GRANTS FUND IN THE AMOUNT OF $231 631
FROM AVAILABLE FUNDS FOR THE PURPOSE OF FUNDING THE HOME
INVESTMENT PARTNERSHIP PROGRAM FOR THE 2005-2006 PROGRAM
YEAR; MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES IN
CONFLICT HEREWITH; AND PROVIDING AN EFFECTIVE DATE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH,
TEXAS
SECTION 1
That in addition to those amounts allocated to the various City departments for Fiscal Year 2004-
2005 and in the Budget of the City Manager there shall also be increased estimated receipts and
appropriations in the Grants Fund in the amount of $231 631 from available funds for the purpose
of funding the HOME Investment Partnership Program for the 2005-2006 program year
SECTION 2
That should any portion, section or part of a section of this ordinance be declared invalid,
inoperative or void for any reason by a court of .competent jurisdiction, such decision, opinion or
judgment shall in no way impair the remaining portions, sections, or parts of sections of this
ordinance, which said remaining provisions shall be and remain in full force and effect.
SECTION 3
That this ordinance shall be cumulative of Ordinance No 16061 and all other ordinances and
appropriations amending the same except in those instances where the provisions of this ordinance
are in direct conflict with such other ordinances and appropriations, in which instance said
conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed
SECTION 4
This ordinance shall take effect upon adoption
APPR VED AS TO FORM AND LEGALITY
7s S
Assistant City Attorney
ADOPTED AND EFFECTIVE. S p/Jf p~r,u~ ~3, a~
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION Approved on 9/13/2005 Ordinance No 16574-09-2005
DATE Tuesday September 13 2005
LOG NAME 03HOMEAMEND REFERENCE NO *G 14912
SUBJECT
Adoption of Amended Appropriation Ordinance for the HOME Investment Partnership Program for
the 2005-2006 Program Year
RECOMMENDATION
It is recommended that the City Council
1 Adopt the attached appropriation ordinance increasing the estimated receipts and appropriations in the
Grants Fund by $231 631 00' and
2. Apply indirect cost rates as applicable for the Grants Fund in accordance with the City's Administrative
Regulation
DISCUSSION
On March 24 2005 (M8~C G-14723) the City Council approved the execution of the 2005-2010
Consolidated Plan Grant Application for submission to the U S Department of Housing and Urban
Development (HUD) The combined HOME and American Dream Downpayment Initiative (ADDI)
allocation at that time was $3 109 923 00
During the HUD review of the City's Consolidated Plan the City was notified that its formula allocation had
been revised to include an additional $231 631 00 for a net allocation of $3 341 554 00 in HOME and
ADDI funds. The HOME and ADDI allocation combined will fund the following activities during the 2005-
2006 program year
1) Administration $321 396 80
2) CHDO Administration $160 698 40
3) CHDO Operating Funds $482,095.20
4) Model Blocks Program $600 000 00
5) Homebuyer's Assistance Program $1 000 000 00
6) Affordable Housing Development Program $777,363.60
Total HOME Allocation $3,341,554.00
FISCAL INFORMATION/CERTIFICATION
The Finance Director certifies that upon approval of the above recommendations and adoption of the
attached appropriation ordinance funds will be available in the current operating budget, as appropriated of
the Grants Fund
Logname• 03HOMEAMEND Page 1 of 2
TO Fund/AccountlCenters FROM Fund/Account/Centers
GR76 451727 005206006000 $231,631.00
GR76 5XXX)CX XXX206006XXX $231,631.00
Submitted for City Manager's Office b~ Richard Zavala (6222)
Ori ig Hating Department Head. Bridgette Garrett (8518)
Additional Information Contact: Deidra Emerson (7563)
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