HomeMy WebLinkAbout07-101 - ADMIN Resolution - City Council - 2007/09/170
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RESOLUTION NO. 07-101
RESOLUTION TO REALLOCATE URBAN HENNEPIN COUNTY COMMUNITY
DEVELOPMENT BLOCK GRANT FUNDS AND AUTHORIZE EXECUTION OF ANY
THIRD PARTY AGREEMENTS
WHEREAS, the' city of St. Louis Park, through execution of a Joint Cooperation
Agreement with Hennepin County, is a subrecipient community in the Urban Hennepin County
Community Development Block Grant Program; and
WHEREAS, pursuant to the Subrecipient Agreement between the city of St. Louis Park
and Hennepin County, the city agrees to assume certain responsibilities for the utilization of
Community Development Block Grant funds; and
WHEREAS, the city of St. Louis Park would now like to reallocate Community
Development Block Grant funds previously allocated to the city pursuant to the Subrecipient
Agreement; and
WHEREAS, a notice to solicit public comment was published and comments were
solicited for a penod of 15 days, ending September 15, 2007,
BE IT RESOLVED, that the City Council of city of St. Louis Park, Minnesota approves
the reallocation of Community Development Block Grant funds by reallocating $57,500 from the
St. Louis Park Emergency Program (STEP) facility acquisition project and allocating $28,750 to
the to previously approved SF low income rehab loan program and $28,750 to the previously
approved SF low income rehab emergency grant project. The purpose for the reallocation is that
the STEP facility acquisition project has not yet occurred, and will not occur to expend CDBG
funds in a timely manner.
May
Cit
BE IT FURTHER RESOLVED that the City Council hereby authorizes and directs the
d its City Manager to execute any required Third Party Agreement on behalf of the
if s ch an agreement is required.
Review
City
Attest:
Administration
'c.�.v
0 City Clerk
Adopted by the City Council September 17, 2007
May