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HomeMy WebLinkAbout01-447.docNOVEMBER 27, 2001 01-447 RESOLUTION (CARRIED 5-2 LOST LAID OVER WITHDRAWN .) PURPOSE: INITIATED BY: AMEND 2000 AND 2001 COMMUNITY DEVELOPMENT BLOCK GRANT ACTION PLANS; APPROVE FUND TRANSFERS DEPARTMENT OF COMMUNITY DEVELOPMENT WHEREAS, the City of Oshkosh desires to amend the type of activities to be carried out with 2000 and 2001 Community Development Block Grant funds; and WHEREAS, the City of Oshkosh desires to transfer funds from the 2000 Action Plan to the 2001 Action Plan and reprogram funds in the 2001 Action Plan for the acquisition of properties within the previously approved N. Main Street Redevelopment Project Area No. 1, as amended. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Oshkosh that the new activity and funds for activities designated in the 2000 and 2001 Community Development Block Grant (CDBG) Action Plans to be utilized to cover applicable project costs to implement the previously approved Redevelopment Plan for said Project Area is hereby approved. BE IT FURTHER RESOLVED that funds in the Commercial Rehabilitation Account in the approved 2000 CDBG Action Plan in the amount of $156,788 are hereby transferred to the 2001 CDBG Account - Targeted Central City Development. BE IT FURTHER RESOLVED that funds in the Commercial Rehabilitation Account in the approved 2001 CDBG Action Plan in the amount of $95,830 are hereby reprogrammed and transferred to the 2001 CDBG Account - Targeted Central City Development. BE IT FURTHER RESOLVED that funds in the Rehabilitation of 502 N. Main Street Account in the approved 2001 CDBG Action Plan in the amount of $150,000 are hereby reprogrammed and transferred to the 2001 CDBG Account - Targeted Central City Development. BE IT FURTHER RESOLVED that approval of this resolution shall represent an amendment to the 2000 and 2001 approved CDBG Action Plans for purposes of implementing this Resolution. BE IT FURTHER RESOLVED that the proper City Officials are hereby authorized and directed to transfer funds as noted above, and to file and execute any and all documents and assurances required by the U.S. Department of Housing and Urban Development for purposes of same.