Title
Resolution to Appropriate Unexpended Balance of FY 2009 Office of Community Development General Fund Budget and the Affordable Housing Trust Fund Budget in the Office Of Community Development FY 2010 General Fund Budget and Affordable Housing Trust Fund Budget to be Spent on Foreclosure Prevention in FY 2010 and to Amend the Human Service Agency Contracts to October 1, 2009 ($17,918.42 General Fund, Affordable Housing Trust Fund) (8 Votes Required)
Memorandum
Attached for your review and approval is a resolution to appropriate unexpended general funds and Affordable Housing Trust funds from the FY 2009 Office of Community Development budget into the FY 2010 Office of Community Development General Fund and Affordable Housing Trust Fund Budget for disbursement to the following Agencies:
General Fund
WC Treasurer-Tax Foreclosure Prevention $2,993.66
WC Treasurer/MSU Extension-Mortgage Foreclosure Prevention $4,924.76
General Fund Total: $7,918.42
Affordable Housing Trust Fund
WC Treasurer-Tax Foreclosure Prevention $10,000.00
Affordable Housing Trust Fund Total $10,000.00
TOTAL: $17,918.42
On June 2, 2008, City Council approved Resolution R-08-240 which allocated $160,000 in General Funds and Ann Arbor Housing Trust Funds to Human Services Agencies providing foreclosure prevention services. At the end of 2009 a balance of $7,918.42 was unexpended from the Foreclosure Contracts in the General Fund and a balance of $10,000.00 was unexpended from the Affordable Housing Trust Fund.
The Office of Community Development recommends that these funds be appropriated to be allocated back to the Human Service agencies who have not expended these funds.
Staff
Prepared by: Andrea Plevek, Human Services Coordinator, Mary Jo Callan, Director of Community Development
Reviewed by: Jayne Miller, Community Services Administrator
Body
Whereas, City Council approved Resolution R-08-240 on June 2, 2008 for a total of $160,000.00 for Human Services Agencies prov...
Click here for full text