Board Bill Number 314 In Session 2007-2008

Summary

BOARD BILL NO. 314 INTRODUCED BY: Alderman Alfred Wessels, Jr. An ordinance, recommended by the Board of Estimate and Apportionment, authorizing the Mayor of the City of St. Louis, on behalf of the City, to submit a 2008 Annual Plan to the United States Department of Housing and Urban Development ("HUD") as required to apply for funding under the Federal Community Development Block Grant ("CDBG"), HOME Investment Partnerships ("HOME"), Emergency Shelter Grant ("ESG") and Housing Opportunities for Persons with AIDS ("HOPWA") Entitlement Programs, authorizing and directing the Mayor and the Comptroller on behalf of the City to enter into and execute agreements with HUD for the receipt of 2008 CDBG, HOME, ESG and HOPWA funds, appropriating the sum of Twenty-Two Million One Hundred Eighty-Five Thousand Seven Hundred Five Dollars ($22,185,705) which the City estimates will be available for the 2008 CDBG Program Year; appropriating the sum of Four Million Three Hundred Fifty-Nine Thousand, Five Hundred Four Dollars ($4,359,504) which the City estimates will be available for the 2008 HOME Program Year; appropriating the sum of One Million Eighty-Two Thousand Six Hundred Eight Dollars ($1,082,608) which the City estimates will be available from income generated by prior year Urban Development Action Grant (UDAG) projects; appropriating the sum of Eight Hundred Ninety-Two Thousand, Eight Hundred Fifty-One Dollars ($892,851) which the City estimates will be available for the 2008 ESG Program Year; and appropriating the sum of One Million One Hundred Forty Thousand Dollars ($1,140,000) which the City estimates will be available for the 2008 HOPWA Program Year, authorizing and directing the Director of the Community Development Administration ("CDA") to contract with municipal agencies, non-profit corporations and other entities, as necessary for the expenditure of CDBG, HOME, and UDAG funds, to establish and implement a lump sum drawdown procedure for the purpose of financing property rehabilitation activities, and/or to establish and implement a procedure for providing financial assistance to CDBG-eligible undertakings through float loan financing, authorizing and directing the Director of the Department of Human Services ("DHS") to contract with municipal agencies, non-profit corporations and other entities, as necessary for the expenditure of ESG funds, authorizing and directing the Director of Health and Hospitals to contract with municipal agencies, non-profit corporations and other entities, as necessary for the expenditure of HOPWA funds, and directing the Comptroller to issue warrants thereon upon the City Treasury; and containing an emergency clause.

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