Board Bill Number 170 In Session 2010-2011

Summary

BOARD BILL NO. 170 INTRODUCED BY: Alderman Alfred Wessels, Jr. An ordinance, recommended by the Board of Estimate and Apportionment, authorizing the Mayor of the City of St. Louis, on behalf of the City, to submit a 2011 Annual Plan to the United States Department of Housing and Urban Development ("HUD") as required to apply for funding under the Federal Community Development Block Grant ("CDBG"), HOME Investment Partnership ("HOME"), Emergency Shelter Grant ("ESG") and Housing Opportunities for Persons with AIDS ("HOPWA") Entitlement Programs, authorizing and directing the Mayor and the Comptroller on behalf of the City to enter into and execute agreements with HUD for the receipt of 2011 CDBG, HOME, ESG and HOPWA funds, appropriating the sum of Twenty-Two Million Four Hundred Sixty-Two Thousand Four Hundred Twenty-One Dollars ($22,462,421) which the City estimates will be available for the 2011 CDBG Program Year; appropriating the sum of Four Million Six Hundred Nineteen Thousand Five Hundred Sixteen Dollars ($4,619,516) which the City estimates will be available for the 2011 HOME Program Year; appropriating the sum of Eight Hundred Seventy Thousand Nine Hundred Dollars ($870,900) which the City estimates will be available for the 2011 ESG Program Year; and appropriating the sum of One Million Three Hundred Sixty-Two Thousand One Hundred Dollars ($1,362,100) which the City estimates will be available for the 2011 HOPWA Program Year, authorizing and directing the Director of the Community Development Administration ("CDA") to contract with municipal agencies, non-profit corporations and other entities, as necessary for the expenditure of CDBG and HOME funds, to establish and implement a lump sum drawdown procedure for the purpose of financing property rehabilitation activities, to establish and implement a program to guarantee in whole or in part construction loans from private financial institutions, and/or to establish and implement a procedure for providing financial assistance to CDBG-eligible undertakings through float loan financing, authorizing and directing the Director of the Department of Human Services ("DHS") to contract with municipal agencies, non-profit corporations and other entities, as necessary for the expenditure of ESG funds, authorizing and directing the Director of Health and Hospitals to contract with municipal agencies, non-profit corporations and other entities, as necessary for the expenditure of HOPWA funds, and directing the Comptroller to issue warrants thereon upon the City Treasury; and containing an emergency clause.

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