Board Bill Number 181 In Session 2011-2012

Summary

BOARD BILL NO. 181 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 2012 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 2012 CDBG, HOME, ESG and HOPWA funds, appropriating the sum of Eighteen Million Five Hundred Twenty Nine Thousand One Hundred Sixty Dollars ($18,529,160) which the City estimates will be available for the 2012 CDBG Program Year; appropriating the sum of Four Million Twenty Seven Thousand Nine Hundred Thirty Dollars ($4,027,930) which the City estimates will be available for the 2012 HOME Program Year; appropriating the sum of Eight Hundred Sixty Five Thousand Five Hundred Dollars ($865,500) which the City estimates will be available for the 2012 ESG Program Year; and appropriating the sum of One Million Three Hundred Seventy Five Thousand Eight Hundred Dollars ($1,375,800) which the City estimates will be available for the 2012 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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