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1991-051-Increasing Community Development Block Grant Funds Allocated To The Town Of Los Gatos For Fiscal Year 1991-92 And Rescinding Resolution 1991-45RESOLUTION 1991-51 RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS INCREASING COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS ALLOCATED TO THE TOWN OF LOS GATOS FOR FISCAL YEAR 1991-92 AND RESCINDING RESOLUTION 1991-45 WHEREAS, A. The Town of Los Gatos receives Community Development Block Grant funds from the Department of Housing and Urban Development (hereinafter "HUD") through the County of Santa Clara as a non -entitlement city pursuant to the provisions of Title I of the Housing and Community Development Acts of 1974 and 1977, as amended; B. The Community Services Commission has reviewed all applications for funding from community agencies; C. A Public Hearing was held by the Town Council on March 4, 1991; D. The Town of Los Gatos has appropriated funds for allocation to various community groups and Town operated programs which provide services to the residents of the Town of Los Gatos; and E. The Town of Los Gatos has been notified of an increase in the FY 1991-92 grant from $155,000 to $172,425; and F. A transfer of funds from the Housing Conservation Program to the Town's Affordable Housing Fund is necessary to allow funding of the Town's other Housing Programs. BE IT RESOLVED: A. The Town Council hereby finds that funds are available from CDBG for the FY 1991-92; and B. The Town Council hereby transfers $40,000 from the FY 1990-91 Housing Conservation Program allocation to the Affordable Housing Program; CS008:A:\RESOS\CS040191.R51 -1- C. The Town Council hereby transfers $10,000 from the FY 1989-90 Housing Conservation Program allocation to the Affordable Housing Fund; and D. The Town Council does hereby authorize the expenditure of $172,425 to those CDBG programs set out in Exhibit A for FY 1991-92. FURTHER RESOLVED, that Resolution 1991-45 is rescinded. PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Los Gatos, California, held on the 1st day of April, 1991, by the following vote: COUNCIL MEMBERS: AYES: Randy Attaway, Steven Blanton, Mayor Brent N. Ventura NAYES: None ABSENT: Joanne Benjamin, Eric D. Carlson ABSTAIN: None SIGNED: ATTEST: CLERK OF THE TOWN OF LOS GATOS LOS GATOS, CALIFORNIA CSDOB:A:\RESOS\CS040191.R51 MAYOR OF THE TOWN OF LOS GATOS LOS GATOS, CALIFORNIA -2- Public Service TOTAL GRANT ALLOCATION A. B. Total 1991-92 1990-91 CDBG Allocation Allocation LXHIBIT A Page 1 C. 1991-92 CDBG Recommended Revisions D. 7-1-91 Anticipated Fund Balance 40,110.00 34,310.00 45,000.00 45,000.00 Housing and Other Programs Food Bank/Dist. Center 5,000.00 5,000.00 5,000.00 Housing Conser. Program Loans Administration 0.00 10,000.00 10,000.00 70,000.00 38,500.00 42,350.00 42,350.00 42,350.00 Affordable Housing Fund 63,910.00 48,340.00 55,075.00 293,896.00* Grant Administration TOTAL 15 000.00 15,000.00 15,000.00 15,000.00 $157,520.00 $155,000.00 $172,425.00 $471,246.00 *Of this total, $198,819 was allocated to the Mid -Peninsula Affordable Housing Development through Resolution 1990-247. CSD04:A:\REPORTS\TOTALGRN.ALL TABLE II Catholic Charities/ Ombudsman Program Catholic Charities/ Shared Housing Food Bank/Operation Brown Bag Live Oak Adult Care Friends of Reading Prgm. SJSU/Health Place S.C. Dept. of Social Services/Nutrition Program EXHIBIT A PUBLIC SERVICE - FY 1991-92 Page 2 A. B. 1991-92 1990-91 CDBG CDBG March 4,'91 Allocation Allocation $ 9,000 $ 7,550 $ -0- $ 4,200 $ 4,200 $21,000 $17,600 $ 5,910 $ 4,960 $ -0- SUBTOTAL $40,110 ADDITIONAL ALLOCATION* SUBTOTAL REVISED ALLOCATION $34,310 *Allocation of these funds to be determined during public hearing regarding Town's FY 1991-92 Operating Budget. CSD04:A:\REPORTS\CDBG.FND C. 1991-92 CDBG Recommended Revision $ 7,550 $ 4,200 $17,600 $ 4,960 $34,310 $10,690 $45,000