AGENDA#4c
MEMORANDUM
TO: |
Roger L. Stancil, Town Manager |
FROM: |
Tina Vaughn, Housing Director Jeanne Tate, Financial Reporting Manager |
SUBJECT: |
Establishment of a Project Ordinance for the 2007-2008 Capital Fund Program for Public Housing Renovations |
DATE: |
November 7, 2007 |
PURPOSE
The attached budget amendment would establish a project ordinance for the 2007-2008 Capital Fund Program in the amount of $582,697, and amend the 2006-07 Capital Fund Program to include an additional allocation of $15,994 for a total of $598,691.
BACKGROUND
On April 11, 2007 the Council approved a plan for public housing renovations and resident services. The Council also authorized submittal of a plan for the 2007-2008 Capital Fund Program to the U. S. Department of Housing and Urban Development.
The 2007-2008 Plan includes comprehensive renovations at the North Columbia Street neighborhood. These apartments have not undergone comprehensive renovation work since being built in 1968.
DISCUSSION
Proposed renovations and activities for 2007-2008 Grant Funds as approved by the Council on April 11, 2007 include the following:
Allocation: $425,629
Allocation: $16,000
Allocation: $87,158
Allocation: $8,000
Allocation: $61,904
The total amount appropriated from the U. S. Department of Housing and Urban Development for the Capital Fund Program is $598,691.
RECOMMENDATION
That the Council enact the attached Ordinance for the Capital Fund Grant Program, consistent with the Program previously approved by the Council.
ATTACHMENTS