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ORDINANCE NO. / 69 -g716 o� <br /> AN ORDINANCE supplementing appropriations of the budget <br /> for the City of Everett for 1986 and amending Ordinance <br /> No. 1232-86 as amended by Ordinance No. /o?(alQ -4z <br /> and declaring an emergency to exist. <br /> WHEREAS, the City Council has now appropriated certain local, State <br /> and Federal funds to augment previously approved programs witnin the <br /> 1986 budget; and <br /> WHEREAS, the source and application of funds have been identified; <br /> NOW, THEREFORE, the City of Everett does ordain that the following <br /> amendments shall be made to the 1986 budget : <br /> Section 1 : That the sum of $262, 590. 53 be appropriated in the <br /> following manner : <br /> a. Appropriation, Fund 197 - CHIP Loan Program <br /> 1 . Program 206 - Home Rehabilitation Loan Program <br /> Original appropriation, Ordinance 1232-86 $ 139, 863 . 00 <br /> Amended by this appropriation 262, 590. 53 <br /> New Program Total $ 402, 453. 53 <br /> b. Source of Funds <br /> 1986-1987 Community Development Block Grants $ 109 , 852. 17 <br /> 1985-1986 C.D.B.G. Program Income 152, 738. 36 <br /> $ 262, 590 . 53 <br /> c. Purpose <br /> To improve housing conditions in target neighborhoods through <br /> the provision of technical and financial assistance <br /> Section 2 : That the sum of $ 39, 589 . 68 be appropriated in the <br /> following manner : <br /> a. Appropriation, Fund 197 - CHIP Loan Program <br /> 1 . Program 207 - Minor Home Repair Loans <br /> Original appropriation, Ordinance 1232-86 $ 45,139. 00 <br /> Amended by this appropriation 39, 589 . 68 <br /> New Program Total $ 84, 728. 68 <br /> b. Source of Funds <br /> 1986-1987 Community Development Block Grants <br /> c. Purpose <br /> To improve housing conditions in target neighborhoods through <br /> the provision of technical and financial assistance . <br />