Title
Community Development Block Grant - 2001/2002 Program Year -
Resolution to request a one (1) year waiver of recapture for $68,000.00 of 2001 CDBG Funds, Street Improvement/Special Assessment
Body
Whereas, the U.S. Department of Housing and Urban Development (HUD) mandates that Community Development Block Grant (CDBG) balances not exceed 1.5 times the current program year allocation sixty (60) days prior to the end of the program year (February 28th); and
Whereas, the Oakland County Board of Commissioners adopted a policy allowing communities to protect funds from their two most recent program years to help comply with this regulation; and
Whereas, all unobligated 2001 and older funds are at risk of recapture December 31, 2003; and
Whereas, the City of Rochester Hills may protect unobligated 2001 funds from recapture for one additional year by requesting a waiver; and
Whereas, a separate Waiver request form must be submitted for each 2001 line item to the Manager of the Oakland County Community and Home Improvement Division no later than Friday, November 28, 2003;
Resolved, that the City of Rochester Hills hereby requests to waive recapture of 2001 CDBG funds as follows:
Account Number Project Name Amount
3616 Street Improvement Special Assessment $68,000.00