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Total (Social & Non-Social Services) $927,000.00 <br /> Budget Sources <br /> 1994 Entitlement: $925,000.00 <br /> 1993 unexpended funds: $2,000.00 <br /> Total $927,000.00 <br /> II. If the Department of Housing and Urban Development reduces this allocation, then each item <br /> will be reduced an apportionate amount. If a reduction is large enough to cause a burden, as <br /> 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. <br /> IV. Any funding assistance so received in 1994 be used for the above projects. <br /> V. This Resolution will become part of the formal application to the U.S. Department of Housing <br /> and Urban Development. <br /> VI. All payments and income from the Housing Rehabilitation Program will be used for rehabilitation <br /> purposes and will not be considered as a part of the public service limit in the future. This is <br /> estimated at$200,000.00 for 1994. <br /> VII. The Housing Hope funding will be a loan with details of terms and conditions to be returned to <br /> City Council in a contract. The intent is to start a fund for housing construction programs in the <br /> future. <br /> VIII. The City will apply to the U.S. Department of Housing and Urban Development to modify <br /> Everett's 1992 CDBG Final Statement to state the $50,000.00 is granted to Housing Hope for <br /> rehabilitation of the Commerce Building. <br /> IX The Community Development Plan and other appli - "•n requirements are to be sent to the U.S. <br /> Department of Housing and Urban Developme o com•Iete all application requirements. <br /> ipt <br /> • ncilma Introducing Resolution <br /> PASSED AND APPROVED BY CITY COUNCIL THIS 23rDAY OF March , 1994. <br /> roeCouncil President <br />