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 FY2022
Funding Source: United States Department of Housing and Urban Development (HUD)
Appropriation Amount: $3,166,299.00
Budget Year: 2023
Contract Period: September 1, 2022 through August 31, 2023
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:
Funds accepted by Resolution #7R1-h adopted on March 1, 2023.
Operating Agency: Department of Economic and Housing Development
Two-Thirds vote of full membership required.
body
TE - #20
WHEREAS, an emergency has arisen in Special Item of Appropriation in the amount of Three Million One Hundred Sixty-Six Thousand Two Hundred Ninety-Nine Dollars and Zero Cents ($3,166,299.00) for the HOME Investment Partnership Act and no adequate provision has been made in the 2023 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 Resolution 7R1-h adopted on March 1, 2023, the City of Newark accepted the HOME Investment Partnership Program FY2022, in the amount of Three Million One Hundred Sixty-Six Thousand Two Hundred Ninety-Nine Dollars and Zero Cents ($3,166,299.00) from the United States Department of Housing and Urban Development (HUD); 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 ...
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