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A. This is a maximum figure, not a flat contract price. <br /> B. If the Department of Housing and Urban Development reduces <br /> the estimated allocation then each item will be reduced an <br /> apportionate amount. If a reduction is large enough to cause <br /> a burden, as determined by the staff, then a new budget will <br /> be returned to the City Council. <br /> II. The Mayor is hereby authorized to make formal application to the <br /> U. S. Department of Housing and Urban Development for funding <br /> assistance in accordance with this Resolution. <br /> III. The City Council recognizes the Mayor's willingness to match dollar <br /> for dollar funds from Neighborhood Community Development Block <br /> Grant funds, which are used for street, sidewalk, drainage, and <br /> overlay projects. <br /> IV. Any funding assistance so received in 1987 be used for the above <br /> projects. <br /> V. This Resolution become part of the formal application to the U. S. <br /> Department of Housing and Urban Development. <br /> -"..1411411EIVIVa <br /> ounc' man ntroducing Reso ution <br /> PASSED AND APPROVED BY CITY COUNCIL THIS // DAY OF <br /> 1987. <br /> P(:::?211 <br /> dent <br /> 0054F <br /> -2- <br />