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1434RESOLUTION NO. ~ y3y A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST MEMPHIS, ARKANSAS, APPROVING THE STATEMENT OF COMMUNITY DEVELOPMENT OBJECTIVES AND PROJECTED USE OF FUNDS FOR THE TWELFTH YEAR ENTITLEMENT INCREMENT (B-95-MC-05-0009) OF THE COMMUNITY DEVELOP- MENT BLOCK GRANT (CDBG) PROGRAM, MAKING CERTAIN RE9UIRED CERTIFICATIONS TO THE U. S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AND AUTHORIZING THE MAYOR TO SUBMIT THE PROGRAM MATERIALS TO THE U. S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT, LITTLE ROCK AREA OFFICE. WHEREAS, the City of West Memphis is desirous of undertaking a variety of community improvement activities rich funds available under the provisions of Title I of the Housing and Community Development Act of 1974, as amended; and WHEREAS, the Statement of Community Development Objectives and Projected Use of Funds for the Trelfth Year Entitlement incre- ment dated April 20, 1995 has been prepared by the Community Development Agency of West Memphis; and WHEREAS, the City Council has reviered and discussed the contents of the April 20, 1995 Statement of Community Development Objectives and Projected Use of Funds for the Trelfth Year, recognizing that it may make changes during the present meeting; and WHEREAS, the City is so required to submit to the U. S. Department of Housing and Urban Development certain certifications of compliance rith applicable statutes and executive orders associated rith the Community Development Block Grant Program. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WEST MEMPHIS, ARKANSAS: 1. That the Statement of Community Development Objectives and Projected Use of Funds for the Trelfth Year Community Development Block Grant Program is hereby approved as a Final Statement in all respects to serve as the guiding instrument for the implementation of the Trelfth Year Program; said program to be administered by the Community Development Agency of West Memphis. 2. That the Mayor be and hereby is authorized to submit to the Little Rock Area Office of the U. S. Department of Housing [ and Urban Development said Final Statement of Community ~ Development Objectives and Projected Use of Funds. ~r 3. That the Mayor be and hereby is authorized to provide additional information to the U. S. Department of Housing and Urban Development as may be required; and to certify compliance rlth current requirements for citizen participation and public accountability in developing the annual entitlement increment, rith the requirements of the applicable civil rights lets and Executive Orders pertaining thereto, rith the requirements that the . R.. Resolution No. page 2 projected use of funds has been developed so as to give maximum feasible priority to activities rhich rill benefit lor- and moderate-income persons or aid in the prevention or elimination of slums and blight, and rith other applicable lace; and that the Director of the Community Development Agency of West tlemphis be designated the "lead person" for the Community Development Block Grant Program. 4. That this resolution shall be in full force and effect from and after its passage and approval. DATE PASSED: AP~~`~o r45s Approved: Al Boals, yor Attest: Dan Cra~~, Cit~ivls+Fk~1'reasurer RECEIVED CITY CLERK OFFICE DATE C1.+ti..,~.P, la 19q~ S'~ ~ou,Y.. a-a~pso~, B-95-MC-OS-0009: Rehabilitation: Elderly (55 and older): $ 200,000 Demolition: 50,000 Public Facilities Improvements: South Loop Project 206,000 Administration and Planning: 114,000 Total Grant Amount: $ 570,000 Amend the Housing Rehabilitation Policy Regulations to raise the cap spent per house from $11,000 to $20,000 and also to include a seven (7) year forgivable lien. Public Service Grants must be expended within a one year time period of the date on the agreement or the funds will be captured for reallocation. Reallocate the funds from the B-94-MC-OS-0009 public facilities improvements (South 21st Street) to the South Loop Project. Develop a housing and street condition inventory to be used for allocations of the housing rehabilitation, demolition and public facility funds.