HomeMy Public PortalAbout93-015 (02-16-93)
RESOLUTION? NO. 93-15
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF LYNWOOD TO APPROVE AMENDING THE CDBG FINAL
STATEMENT OF OBJECTIVES AND PROJECTED USE OF
FUNDS FOR FISCAL YEAR 1992/93 AND AUTHORIZING
THE APPROPRIATION OF CDBG FUNDS FROM HUD
UNAPPROPRIATED FUND BALANCE
WHEREAS, on May 21, 1992, City Council approved the CDBG
Final Statement of Objectives and Projected Use of Funds for
Fiscal Year 1992/93; and
WHEREAS, CDBG Regulations have been met which require that
Lynwood citizens have reasonable notice of and an opportunity to
comment on any proposed Substantial Changes in the use of CDBG
funds from one activity to another which occur after the start
of the Fiscal Year 1992 Program Xear (July 1, 1992 - June 30,
1993); and
Whereas, CDBG Regulations require that the 1992/93 Final
CDBG Statement of Objectives reflect any substantial change.
NOW THEREFOi:E, the City Council of the City of Lynwood does
hereby find, determine, order and resolve as follows:
SECTION 1. Approve and adopt the amendment of the CDBG
Final Statement of Objectives for Fiscal Year 1991/92, reflecting
a Substantial Charge to add the following project:
Economic Developme~.t Frogram
To provide funding far the Lyno:ood Entrepreneur Development
Academy (LEDA) in the amount of $225,000. Funds will be
used to subsidize administrative costs involved in
providing counseling, training and research assistance in
all aspects of small business management, to Lynwood
business or businesses wishing to be relocated to Lynwood.
In addition, assistance with financing, marketing,
production, organization enginerring and technical problems
will be provided. This project will be funded under the
the objective category of Business Revitalization.
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SECTION 2. That the City Manager of his designee is
authorized to make the following appropriations:
From:
$225,000
pz~
Y=
HUD Unappropriated
~; Fund Balance
~~~~ .
To:
$225,000
28-4664-4220
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SECTION 3. This resolution shall become effective
immediately upon its adoption.
PASSED, APPROVED and ADOPTED this ___16th__ day of
~~Ly , 1993°
PAUL H. RICHARDS, MAYOR
CITY OF LYNWOOD
ATTEST:
ANDREA L. HOOPER, CI Y CLERK
CITY OF LYNWOOD
APPROVED AS TO FORM:
APPROVED AS TO CONTENT:
~URENCF .1ADAMS,~SR.
CITY MANA ER
LFP TTA F. EARNEST, DIRECTOR
FLNANCE DEPARTMENT
5
STATE OF CALIFORNIA )
SS.
COUNT OF LOS ANGELES )
I, the undersigned, City Clerk of the City of Lynwood, do
hereby certify that the foregoing resolution was passed and
adopted by the City Council of the City of Lynwood at a regular
meeting held on the 16th day of Ft~auaL~y 1993.
And passed by the following vote:
AYES: b~ HMS [niFS.IS RIGP~S
NOES: NS7E
ABSENT: I~
ANDREA L. HOOPER, CITY'CLERK
CITY OF LYNWOOD
STATE OF CALIFORNIA )
SS.
COUNTY OF LOS ANGELES )
I, the undersigned, City Clerk of the City of Lynwood, and
Clerk of the City Council of said City hereby certify that the
above and foregoing is a full, true and correct copy of
Resolution No. 93-15 on file in my office and that said
resolution was adopted on the date and by the votes there in
stated. Dated this 16th day of ~p~~~, 1993 0
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ANDREA L. HOOPER, CITY CLERK
CITY OF LYNWOOD
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