Title
Dept/ Agency: Administration/Office of Management and Budget
Action: (X) Ratifying (X) Authorizing ( ) Amending
Type of Service: Temporary Emergency Appropriation
Purpose: HOME Investment Partnership Program FY2020
Funding Source: United States Department of Housing and Urban Development (HUD)
Appropriation Amount: $2,686,431.00
Budget Year: 2021
Contract Period: September 1, 2020 through August 31, 2021
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale (X ) Grant ( ) Sub-recipient ( ) n/a
Additional Information:
Apply and Accept Resolution will be submitted under separate cover as Legistar File ID #21-0401.
Operating Agency: Department of Economic and Housing Development
Two-Thirds vote of full membership required.
body
TE #22
WHEREAS, an emergency has arisen in Special Item of Appropriation in the amount of $2,686,431.00 for HOME Investment Partnership Program FY 2020 and no adequate provision has been made in the 2021 Temporary Budget for the aforesaid purpose and N.J.S.A. 40:4-20 provides for the creation of an emergency appropriation for the purpose above-mentioned; and
WHEREAS, by notice of award letter dated March 25, 2021, from the United States Department of Housing and Urban Development (HUD), awarded the City of Newark the HOME Investment Partnership Program FY2020, in the amount of $2,686,431.00; 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 2021 pursuant to N.J.S.A. 40A:4-20 including this resolution total is $ 149,548,353.36.
NOW, THEREFORE, BE IT RESOLVED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY, THAT:
1. A temporary emergency appropriation be and the same is hereby made for the following classification:
Program Amount
HOME Investment $2,686,431.00
Partnership (HOME) Program
FY2020
2. Said temporary emergency appropriation shall be provided for in the 2021 budget.
3. A copy of this resolution shall be filed with the Director of Local Government Services by the City Clerk of the City of Newark.
STATEMENT
This Resolution establishes the temporary emergency appropriation for $2,686,431.00 for the HOME Investment Partnership Program FY2020. Funding has been provided by the United States Department of Housing and Urban Development (HUD) Program. The grant period is September 1, 2020 through August 31, 2021.