Title
Dept/ Agency: Administration/Office of Management & Budget
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Transfer of CDBG Funds
Purpose: Reprogramming of Eleventh (XI) year funds for Mount Prospect Park Restoration and Rehabilitation (North Ward)
Funding Source: United States Department of Housing and Urban Development
Amount Transferred: $25,000.00
Transferred From: Newark Coalition of Small Business Development, Inc.,
Transferred To: Mount Prospect Park
Additional Information:
Two-Thirds vote of full membership required.
body
TR #5
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 Eleventh Year (XI)
Newark Coalition of Small Business
Development, Inc.
Salaries and Wages -0- -0-
Other Expenses 25,000.00 -0-
Mt. Prospect Park Restoration
And Rehabilitation
Salaries and Wages -0- -0-
Other Expenses -0- 25,000.00
TOTAL HCDA ELEVENTH
YEAR (XI) $25,000.00 $25,000.00
STATEMENT
This Legislation allows for the reprogramming of funds in the amount of $25,000.00 for Mt. Prospect Park Restoration and Rehabilitation (North Ward).