AN ORDINANCE TO AMEND THE 2003-2004 COMMUNITY DEVELOPMENT ENTITLEMENT GRANT PROJECT ORDINANCE (2008-06-09/O-5e)

BE IT ORDAINED by the Council of the Town of Chapel Hill that, pursuant to Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the following grant project ordinance is hereby amended as follows:

SECTION I

The projects authorized are the Community Development projects as approved by the Council on April 28, 2003: funds are as contained in the Funding Approval and Grant Agreement between the Town and the U.S. Department of Housing and Urban Development (HUD).  The projects are known more familiarly as the 2003 Entitlement Community Development Block Grant.  The grant activities include renovation of public housing, property acquisition, community services to low-income residents, and administration costs for the program.

SECTION II 

The Manager of the Town of Chapel Hill is hereby directed to proceed with the grant project within the terms of the grant document(s), the rules and regulations of the U.S. Department of Housing and Urban Development, and the budget contained herein.

SECTION III

The following revenues are anticipated to be available to complete this project:

Community Development Grant            $723,000

            Program Income:                                  $    5,250

                                                                        $728,250

SECTION IV

The following amounts appropriated for this project:

Current Budget Revised Budget

                Orange County Literacy Council                                                       $ 13,500 $  13,269

Neighborhood Revitalization                                                             $115,750                 $115,981

Other Activities                                                                                    $599,000 $599,000

                                Total                                                                                       $728,250 $728,250

SECTION V

The Manager is directed to report annually on the financial status of the project in an informational section to be included in the Annual Report.  He shall also keep the Council informed of any unusual occurrences.

SECTION VI

Copies of this project ordinance shall be entered into the Minutes of the Council and copies shall be filed within 5 days of adoption with the Manager, Finance Director and Town Clerk.

This the 9^th day of June, 2008.