HomeMy WebLinkAboutRes 31-90 06/19/1990 ~ ~'~
RESOLUTION NO, ~1-~0
A RESOLUTION PROVIDING THE TRANSFER OF FUNDS IN THE COMMUNITY
DEVELOPMENT BLOCK GRANT PROGRAM
WHEREAS, the Village of Mount Prospect has entered its fourteenth year as an
entitlement community under the Federal Community Development Block Grant Program;
and
WHERE.~, in the past thirteen years the Village has used these funds to implement
various projects that address the community development and housing needs of its Iow- 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,
plan neighborhood street improvements, and to address other community needs m
conformance with the objectives of the Community Development Block Grant Program;
and
WHEREAS, there is a need for additional funds for the Boxwood Drive Improvemem
Project, which is part of the Village's Community Development Block Grant effort to reduce
neighborhood blight; and
WHEREAS, there are available funds in the Boxwood Advocacy Program, Single
Family Rehabilitation Rebate Program and in Administration; and
WHEREAS, the Department of Housing and Urban Development and the Village
have determined that a public hearing is not needed for this action.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR .aIND 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 approve the following transfer of Community Development Block Grant
funds in the following amounts for a total transfer of $85,475.00.
From: Boxwood Advocacy Program: $ 4,475.00
To: Boxwood Street Improvements: $ 4,475.00
From: Housing Rehabilitation: $35,000.00
To: Boxwood Street Improvements: $35,000.00
From: Administration: $46,000.00
To: Boxwood Street Improvements: $46,000.00
SECTION TWO: The Mayor and Board of Trustees of the Village of Mount Prospect
hereby authorize the Village Manager to transfer said funds.
SECTION THREE: This resolution shall be in full force and effect from and after
its passage and approval in the manner provided by law.
AYF_~S: Arthur, Busse, Corcoran, Floros, Van Geem
NAYS: None
PASSED this 19thday of June ,1990.
APPROVED this 19th day of dun~ , 1990.
ATI'EST: - /
VILLAGE CLERK