Title
Dept/ Agency: Administration/Office of Management & Budget
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Temporary Emergency Appropriation
Purpose: HOME Investment Partnership Program FY2014
Funding Source: U.S. Department of Housing and Urban Development
Appropriation Amount: $1,853,743.00
Budget Year: 2015
Contract Period: September 1, 2014 through August 31,2015
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient (X) n/a
Additional Information:
Funds accepted by Resolution 7R1-k 010715
Operating Agency: Department of Economic and Housing Development
Two-Thirds vote of full membership required.
body
TE #3
WHEREAS, an emergency has arisen in Special Item of Appropriation in the amount of $1,853,743.00 for HOME Investment Partnership Act and no adequate provision has been made in the 2015 Temporary Budget for the aforesaid purpose; and
WHEREAS, on January 7, 2015 through Resolution 7R1-k, the Municipal Council authorized the Mayor and Business Administrator to enter into agreement with HUD to receive and expend FY 2014 Community Development Block Grant (CDBG) funds for the HOME Investment Partnership Act in the amount of $1,853,743.00; and
WHEREAS, N.J.S.A 40A:4-20 provides that the Governing Body by a two-thirds vote may make temporary emergency appropriations for any purpose for which appropriations may lawfully be made for the period between the beginning of the current fiscal year and the date of the adoption of the budget for said year; and
WHEREAS, the emergency appropriation adopted in 2015 pursuant to N.J.S.A. 40A:4-20 including this resolution total...$2,471,232.00.
NOW, THEREFORE, BE IT RESOLVED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY, THAT:
1. An emergency appropriation be and the same is hereby made for the following classification:
Program Amount
HOME Investment $1,853,743.00
Partnership Act (HOME)
2. Said emergency appropriation shall be provided for in the 2015 budget.
3. A copy of this resolution shall be immediately filed with the Director of Local Government Services by the City Clerk of the City of Newark.
STATEMENT
This Resolution establishes the appropriation in the amount of $1,853,743.00 for the HOME Investment Partnership Act. Funding has been provided by the United States Department of Housing and Urban Development (HUD) Program. The grant period is September 1, 2014 through August 31, 2015.