Title
Resolution approving an amendment to the Community Development Block Grant (CDBG) Program for the 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, additional funds in the amount of $30,000 are necessary to satisfy past taxes and other assessments; and,
WHEREAS, the 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, increasing the S. 70 St. Development Project by $30,000 for a total budget of $80,000.
BE IT FURTHER RESOLVED that the funding for the S. 70 St. Redevelopment Project be made available through a reduction to the following program:
$30,000 from the Contingency Fund
cc: Department of Development
Finance
DEV-R-625-3-15-11