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II. If the Department of Housing and Urban Development reduces this allocation, then each item will <br /> be reduced an equal percentage, including the Community Housing Improvement Program and <br /> Community Development Block Grant Administration. If a reduction is large enough to cause a <br /> burden, as determined by the staff, then a new budget will be returned to the City Council. <br /> III. The Mayor is hereby authorized to make formal application to the U.S. Department of Housing <br /> and Urban Development for funding assistance in accordance with this Resolution and the <br /> requirements of such application. <br /> IV. Any funding assistance so received in 1997 be used for the above projects. <br /> V. This Resolution will become part of the formal application to the U.S. Department of Housing and <br /> Urban Development. <br /> VI. All payments and income from the Housing Rehabilitation Program will be used for rehabilitation <br /> purposes. This is estimated at $300,000.00 for 1997. <br /> VII. The Housing Hope and any funds used for outside agencies from the Housing Opportunity <br /> Program or CDBG Contingency will be in the form of loans with details of terms and conditions to <br /> be returned to City Council in a contract. <br /> VIII. The required application sections and information are to be sent to the U.S. Department of <br /> Housing and Urban Development to complete all application requirements. <br /> Co ncilman Introducing Re ution <br /> PASSED AND APPROVED BY CITY COUNCIL THIS 16thDAY OF April , 1997. <br /> / . <br /> Council President <br />