Board Bill Number 276 In Session 2005-2006

Summary

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 2006 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 Partnerships ("HOME"), American Dream Down Payment Initiative ("ADDI"), 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 2006 CDBG, HOME, ADDI, ESG and HOPWA funds, appropriating the sum of Twenty Four Million Fifty Thousand Seven Hundred Thirty Six Dollars ($24,050,736) which the City estimates will be available for the 2006 CDBG Program Year, appropriating the sum of Four Million Six Hundred Thousand Dollars ($4,600,000) which the City estimates will be available for the 2006 HOME Program Year, appropriating the sum of One Hundred Thousand Dollars ($100,000) which the City estimates will be available for the 2006 ADDI Program Year, appropriating the sum of Nine Hundred Thousand Dollars ($900,000) which the City estimates will be available for the 2006 ESG Program Year, appropriating the sum of One Million One Hundred Sixty Thousand Dollars ($1,160,000) which the City estimates will be available for the 2006 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, HOME and ADDI funds, to establish and implement a lump sum drawdown procedure for the purpose of financing property rehabilitation activities, 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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