HomeMy WebLinkAboutM1986-0373 - 08/26/1986soMotions - 8/26/86 •
1. Reaffirming the following guidelines, adopted on March 21, 1984, for
the Community Development Block Grant Program;
a. No Community Development Block Grant Funds be authorized to applicant
agencies for the support of operating expenses.
b. No capital grants will be made without sufficient evidence of the
financial capacity of the applying agency to operate the program.
C. Priority will be given to those applying agencies that make
substantial new capital contributions to the project for which they
are seeking funds; and
Reaffirming the stated Community Development Objectives which are:
To provide for the development and preservation of a viable urban
community, a suitable living environment, decent housing and expanded
economic opportunities, principally for persons of low and moderate
income, and to aid in the prevention or elimination of slums and
blight. The City carries out its objectives by providing for
appropriate streets and drainage, housing, recreational opportunities,
neighborhood preservation, and revitalization and economic development
as needed.
M86 -0373