Title
Dept/ Agency: Administration/Office of Management & Budget
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Transfer of CDBG Funds
Purpose: Reprogramming of Twenty-Seventh (XXVII) year funds for Mount Prospect Park Restoration and Rehabilitation (North Ward)
Funding Source: United States Department of Housing and Urban Development
Amount Transferred: $85,404.00
Transferred From: Various Projects
Transferred To: Mount Prospect Park
Additional Information:
Two-Thirds vote of full membership required.
body
TR #3
NOW, THEREFORE, BE IT RESOLVED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY, THAT:
1. Transfer of funds are required as shown in the schedule below.
2. Said transfers are hereby authorized as required by Ordinance 6S&Fd adopted on April 16, 1980, providing that all transfers of Community Development Block Grant funds be authorized by this body.
PROJECT FROM TO
Housing and Community Development
Act Twenty-Seventh Year (XXVII)
Demolition Structure at
41-63 McClellan Street
Salaries and Wages -0- -0-
Other Expenses 202,142.00 116,738.00
Business Administrator’s
Office
Salaries and Wages 358,090.38 358,090.38
Other Expenses 2,598.62 72,044.62
Mt. Prospect Park Restoration
And Rehabilitation
Salaries and Wages -0- -0-
Other Expenses -0- 15,958.00
TOTAL HCDA TWENTY-SEVENTH
YEAR (XXVII) $562,831.00 $562,831.00
STATEMENT
This Legislation allows for the reprogramming of funds in the amount of $15,958.00 for Mt. Prospect Park Restoration and Rehabilitation (North Ward) and $69,446.00 for CDBG Program administrative expenses.