HomeMy WebLinkAboutRes 07-92 03/03/1992 RESOLUTION NO. 7-92
A RESOLUTION APPROVING THE FISCAL YEAR 1992 COMMUNITY
DEVELOPMENT BLOCK GRANT ENTITLEMENT PROGRAM
WHEREAS, the Village of Mount Prospect is entering its fifteenth year as an
entitlement community under the federal Community Development Block Grant Program;
and
WHEREAS, in the past fourteen years the Village has used its Community
Developmem Block Grant entitlement m implement various projects to address the
community development and housing needs of its low- and moderate-income and elderly
residents, to reduce and prevent the occurrence of deterioration in the Central Area of the
Village, to increase accessibility for the handicapped, and to address other community needs
in conformance with the objectives of the Community Development Block Grant Program;
and
WHEREAS, the Village of Mount Prospect allocated an $273,000.00 for fiscal year
1992, $4,253.00 reallocated funds in Fiscal Year 1991, an additional $1,000.00 in Cornmunity
Development Block Grant funds for Fiscal Year 1990, and $8,138.00 in program income, all
new allocations from the U. S. Departmem of Housing and Urban Development and
program income; and
WHEREAS, the Mayor and Board of Trustees has determined that these funds can
continue to be of benefit in providing for resident's health, safety and welfare and in
meeting the community development and housing needs of its cit/zens:
NOW THEREFORE, BE IT RESOLVED BY THE MAYOR AND BOARD OF TRUSTEES
OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
SECTION ONE: The Mayor and Board of Trustees of the Village of Mount
Prospect hereby approves the allocation of Community Development Block Grant and
program income funds to projects in the following amounts for a total allocation of
$286,391.00:
Low- Moderate-Income Day Care Services
and Boxwood Advocacy Program $23.000.00
Suburban Primary Health Care 16,000.00
Multi-Family Housing Rehabilitation 42,000.00
Residential Rehabilitation Loan Program 160,391.00
General Administration 45.000.00
FY '92 HUD APPLICATION ~
SECTION TWO: The Mayor and Board of Trustees of the Village of Mount
Prospect hereby acknowledge that the following activities are proposed for the fiscal year
1991 budget, utilizing Community Development Block Grant and program income funds in
the amount of $285,001.00, for total fiscal year allocations as follows:
Low- Moderate-Income Day Care Services
and Boxwood Advocacy Program $23,000.00
Access to Care Program 16,000.00
Residential Rehabilitation Loan Program 160,391.00
Multi-Family Housing Rehabilitation Program 42,000.00
Administration 43.610.00
FY '92 TOTAL BUDGET $285.001.00
SECTION THREE: The Mayor and Board of Trustees of the Village of Mount Prospect
hereby authorizes the Village Manager to prepare and forward to the U. S. Departmem of
Housing and Urban Development a submission of Mount Prospect's "Final Statement of
Community Development Objectives and Projected Use of Funds" in accordance with
federal guidelines.
SECTION FOUR: This Resolution shall be in full force and effect from and after its
passage and approval in the manner provided by law.
AYES: Busse, Clowes, Wilks, Hoefert, Corcoran, Floros
NAYS: None
ABSENT: None
PASSED AND APPROVED this 3rd day of March 1992.
ATTEST: ,/., /
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