Resolution 10959CITY OF ALAMEDA RESOLUTION NO. 10959
AUTHORIZING EXECUTION OF A GRANT AGREEMENT WITH THE EDEN
COUNCIL FOR HOPE AND OPPORTUNITY, INC, FOR FISCAL YEAR
1986-87
WHEREAS, the City is a participant in the Community
Development Block Grant Program (CDBG) authorized under the
Housing and Community Development Act of 1974, as amended
and
WHEREAS, the Cit 's Community Development Objectives
call for programs and activities to increase assistance to
low- and moderate-income elderly in the areas of housing,
health, and finance; and
WHEREAS, the City of Alameda has programmed $4,270 in
Twelfth Year Community Block Grant Entitlement funds for
activities to provide assistance to low- and moderate-income
elderly by enabling them to convert home equity into monthly
income payments, thereby enabling them to continue living,
independent and self-sufficient, in their own homes; and
NHEREAS, The Eden Council for Hope and Opportunity
exists to provide a wide range of services, including
Reverse Annuity Mortgage Counseling Services; and
WHEREAS, said activities are eligible under Section
570.201(e) of the Community Development Block Grant
regulations;
NON, THEREFORE, BE IT RESOLVED by the Council of the
City of Alameda that the City Manager be and hereby is
authorized to execute, and the City Clerk to attest, on
behalf of the City, a Grant Agreement with the Eden Council
for Hope and Opportunity, Inc, for fiscal year 1986-87.
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 July, 1986,
by the following vote to wit:
AYES: Councilmembers Corica, Lucas, Monsef and President Diament - 4.
NOES: None.
ABSENT: Councilmember Hanna - 1.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the
official seal of said City this 2nd day of July, 1986.
City 1 -r of the City of Alameda