HomeMy WebLinkAbout2005-06-07; Housing & Redevelopment Commission; Resolution 3951
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HOUSING AND REDEVELOPMENT COMMISSION RESOLUTION NO. 395
THAT THE HOUSING AND REDEVELOPMENT COMMISSION
APPROVE A BUDGET AMENDMENT AND AN ADDITIONAL
BUDGET APPROPRIATION OF $435,000 FOR THE SECTION 8
AND AUTHORIZATION FOR THE FINANCE DIRECTOR
EXPEND SAID FUNDS FOR RELATED PROGRAM COSTS
RENTAL ASSISTANCE PROGRAM FOR FISCAL YEAR 2004-05,
WHEREAS, the Housing and Redevelopment Department had an unanticipated increase
in its voucher lease up rate for the Section 8 Rental Assistance Program in fiscal year 2004-05
which resulted in unanticipated increases in costs; and
WHEREAS, in addition, there were increases in costs related to the payment standards
for the participants on said Section 8 Rental Assistance Program; and
WHEREAS, the Housing and Redevelopment Department requires additional budget
appropriation for fiscal year 2004-05 to cover said unanticipated program cost increases for the
Section 8 Rental Assistance Program; and
WHEREAS, the City has adequate program cash reserves, and the U.S. Department of
Housing and Urban Development will provide adequate federal funding, to cover said program
costs for the Section 8 Rental Assistance Program.
NOW, THEREFORE, BE IT HEREBY RESOLVED by the Housing and
Redevelopment Commission of the City of Carlsbad, California, as follows:
1. The above recitations are true and correct.
2. That the Housing and Redevelopment Commission hereby approves an
amendment to the 2004-05 budget for the Section 8 Rental Assistance Program.
3. That the Finance Director is hereby authorized to appropriate an additional
$435,000 to the 2004-05 Section 8 Rental Assistance Program budget for the
purpose of covering all related program costs through to June 30,2005.
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Page 2 of HRC Resolution No. 395
3. That the Finance Director is hereby authorized to expend the additional budget
appropriation for all appropriate program costs related to the Section 8 Rental
Assistance Program, and to recover said costs through the use of cash program
reserves and through receipt of additional program funds from the US Department
of Housing and Urban Development.
PASSED, APPROVED, AND ADOPTED at a special meeting of the Housing
and Redevelopment Commission of the City of Carlsbad, California, held on the 7th day of June,
2005 by the following vote, to wit:
AYES: Commissioners Hall, Kulchin, Packard, Sigafoose
NOES: None
ABSENT: Commissioner Lewis
CLAUDE A. LEWIS, CHAIRMAN
MATT HALL, Vice-Chair
ATTEST: