Resolution 09977if I
CITY OF ALAMEDA RESOLUTION NO. 9977
AUTHORIZING REPROGRAMMING OF UNEXPENDED SECOND AND
THIRD YEAR COMMUNITY DEVELOPMENT BLOCK GRANT
ENTITLEMENT FUNDS IN THE AMOUNT OF $45,845 FOR
OPERATING FUNDS FOR A LOCAL DEVELOPMENT CORPORATION
WHEREAS, the City of Alameda is the recipient of Community
Development Block Grant Entitlement funds as authorized by the
Housing and Community Development Act of 1974, as amended; and
WHEREAS, Second and Third Year projects for which said
funds were allocated have now been completed; and
WHEREAS, a balance of $45,845 in unexpended Second and
Third Year funds remains; and
WHEREAS, said funds were reprogrammed by the Council
pursuant to Section 570.312 of the Community Development Block
Grant Entitlement regulations; and
WHEREAS, citizen participation requirements have been
satisfied.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE
CITY OF ALAMEDA that unexpended Second and Third Year Community
Development Block Grant Entitlement funds in the amount of $45,845
be reprogrammed as Operating Funds for the initial operation
of a Local Development Corporation which may operate under the
laws of the State of California as a non-profit corporation
and recognized by the Secretary of State and which activity
is eligible under Sections 570.203 and 570.204 of the Community
Development Block Grant Entitlement Regulations, as amended.
I^ the undersigned, hereby certify that the foregoing Resolution
was duly and regularly adopted and passed by the Council of the
City of Alameda in regular meeting assembled on the 1st of February, I983,
by the following vote to wit:
AYES: Councilmembers Diament, Gorman, Sherratt, Stone and President Corica - 5.
NOES: None.
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ABSENT: None.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the
official seal of said City this 2nd day of February, 1983.
City �f the [] � Of A
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