HomeMy WebLinkAbout1994-12-28 95-53 RESOLVECODNCIL ACTION
Date: Dec 28 1994
Item No. 95-53
Item/SubjecG Supplemental Appropriation of Community Development
Rehabilitation Loan for Capital Improvements at
Park woods Project
Responsible Department: Community and Economic Development
This Resolve will supplementally appropriate the proceeds from a
Community Development Rehabilitation Loan in the amount of $109,]]5. The
funds will be used for the separation of electrical service, the installation
of electrical meters, electrical work to correct code violations, handicap
access improvements, plumbing repairs, heating repairs and carpentry repairs
at the Park woods Project.
Depa Head
Manager's CormentsA : n I 9
I wl � .CAR9l¢V4W AU -n �
City Manager
Associated Information:
Budget Approval:
Finance Director
Legal Approval:
City So i
.traduced For
Passage
—� of—
First Reading
Page_
Referral +; y �a-Eorni
Assigned -to Councilor Blanchette - 95-53
December 28, 1494
CITY OF BANGOR
(TITLE.) ?RV901 P...............supplemental appropriation..af....communitx... .._.._, ....
Development Rehabilitation Loan for Capital
Improvements at Park Woods Project
_. _.-- - ......._. _.. I- ... 1..... _..___._.-"..
By We City CoundR of the air ofBrnyoy:
RESOLVED,.
WHEREAS, the City of Bangor will grant a Community
Development Residential Rehabilitation Loan in the
amount of $109,995 payable monthly at 38 interest
for 20 years; and
WHEREAB, the funds will be administered by the Community
and Economic Development Department for capital
improvements at the Park Woods Project; and
WHEREAS, a supplemental appropriation of the anticipated
venues and expenditures isrequired for payment
ofexpensesassociated with this loan,
NOW, THEREFORE, BE IT RESOLVED THAT
a supplemental appropriation of $109,775 is hereby
approved; and
the Finance Director is authorized tb establish
such accounts as necessary for the proper
recording of revenues and expenditures associated
with this loan and its liability; and
this appropriation will continue until the
purposes for which this loan is made are either
completed, amended or abandoned.
In City Council December 28, 1994
Referred to Finance Committee
cit clerk
IN CITY CODNCIL
January 9, 1995
PO d 199/
14�—
CITVCLERK
95-53
8 E 5 0 L V E
Supplemental Appropriation of Community
Development Rehabilitation Loan for
P,oject