Title
Resolution approving an amendment to the Community Development Block Grant (CDBG) Program for the creation of S. 70 St. Development Project.
Body
WHEREAS, the S. 70 St. Development Project is a project to acquire real estate at 9** S. 70 St. to facilitate redevelopment and job creation; and
WHEREAS, the project activity is eligible for Community Development Block Grant funds as it fulfills Housing and Urban Development 's (HUD) national objective to assist low-to moderate-income households; and
WHEREAS, said project funds will be used for the purchase of real estate at 9** S. 70 St.; and
WHEREAS, Director of Development has recommended approval of this project
NOW THEREFORE BE IT RESOLVED, by the Common Council of the City of West Allis that it hereby approves an amendment to the Community Development Block Grant Program, Annual Action Plan for FY 2010, creating the S. 70 St. Development Project with a budget not to exceed $50,000.
BE IT FURTHER RESOLVED that the funding for the S. 70 St. Redevelopment Project be made available through a reduction to the following program:
$50,000 from the Contingency Fund
cc: Department of Development
Finance
DEV-R-611-11-3-10