Board Bill Number 198 In Session 2013-2014

Summary

BOARD BILL NO. 198 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 2014 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 Partnership ("HOME"), Emergency Solutions 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 2014 CDBG, HOME, ESG and HOPWA funds, appropriating the sum of Sixteen Million Five Hundred Ninety Six Thousand Eight Hundred Eighty One Dollars ($16,596,881) which the City estimates will be available for the 2014 CDBG Program Year; appropriating the sum of Two Million Two Hundred Sixty Thousand Eight Hundred One Dollars ($2,260,801) which the City estimates will be available for the 2014 HOME Program Year; appropriating the sum of One Million One Hundred Fifty Seven Thousand Nine Hundred Forty Two Dollars ($1,157,942) which the City estimates will be available for the 2014 ESG Program Year; and appropriating the sum of One Million Two Hundred Fifty Thousand Seventy Three Dollars ($1,250,073) which the City estimates will be available for the 2014 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 and HOME funds, to establish and implement a lump sum drawdown procedure for the purpose of financing property rehabilitation activities, to establish and implement a program to guarantee in whole or in part construction loans from private financial institutions, 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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