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75.B. BRISTOL STREET WIDENING - COMMUNITY DEVELOPMENT BLOCK <br /> GRANT PROGRAM - APPROPRIATION ADJUSTMENTS 92-064, 92-065 <br /> <br />Proposal to amend the FY 91-92 Final Statement to recognize additional grant revenue and to <br />reallocate funds from Windsor Park Concession Stand Project 7816 to Serome Park <br />Concession Stand Project 7814 <br /> <br />Legal notice published in the Register on October 12, I991 <br /> <br />The Mayor opened the public hearing regarding amendments to the Community Development <br />Block Grant Program at 6:42 p.m. <br /> <br />Presentation of staff report and staff comments by: Cindy Nelson, Executive Director, <br />Community Development Agency <br /> <br />Presentation of written comments by Janice C. Guy, Clerk of the Council: None <br /> <br />Florence Leach, 2025 W. Tenth St., spoke in opposition to the proposed amendments. <br /> <br />The Mayor closed the public hearing at 6:47 p.m. <br /> <br />Executive Director Nelson clarified that should the Federal Government terminate the <br />Community Development Block Grant Program, the City's obligation to repay the $20 <br />million dollar loan to the Housing and Urban Development Agency would cease. <br /> <br />Motion: I. Approve. <br /> <br /> Amendment to FY 91-92 Final Statement to allow for a $20 million Section 108 <br /> loan to fund the Bristol Street Widening project FILE 610.05 <br /> <br /> 2. Authorize. <br /> <br /> City Manager to submit the Section 108 loan guarantee application and any <br /> subsequent amendments to the U.S. Department of Housing and Urban <br /> Development FILE 610.05 <br /> <br /> 3. Approve. (Requires five affirmative votes.) <br /> <br /> APPROPRIATION ADJUSTMENT 92-064 - Transferring $1,000 from account <br /> 135-01-5350-CDBG Revenue to account 135-140-6911-PROJ 7596- <br /> Contingency FILE 310.05 <br /> <br /> APPROPRIATION ADJUSTMENT 92-065 - Transferring $87,470.00 from <br /> account 135-149-6631-PROJ 7816 Windsor Concession Stand to account 135- <br /> 149-6631-PROJ 7814 Jerome Concession Stand and $87,470.00 from account <br /> 301-232-6631-PROJ 6245-Recreation/Community Svs. Jerome Park Concession <br /> <br />CITY COUNCIL MINUTES 312 OCTOBER 21, 1991 <br /> <br /> <br />