HomeMy WebLinkAbout2009-07-27 09-250 RESOLVECOUNCIL ACTION
Item No. u 4 -
Date: July 27, 2009
Item/Subject RESOLVE, Appropriating $1,084,873 from the Maine Department of Economic and
Community Development under the United States Department of Housing and Urban
Development Neighborhood Stabilization Program
Responsible Department: Community & Economic Development
Commentary:
The attached Resolve will appropriate $1,084,873 in funds from the State of Maine Department of Economic
and Community Development under the U. S. Department of Housing and Urban Development Neighborhood
Stabilization Program. The funds will support the purchase, rehabilitation, and resale of foreclosed properties
in low to moderate income neighborhoods that are at or below 120% of Area Median Income. Work will
begin once the Contract is accepted by the Maine Department of Economic and Community Development and
the City of Bangor, which we expect to occur by the end of this month.
Department Head
Manager's Comments:
City Manager
Associated Information:
Budget Approval:
Finance Director
Legal Approval:
ity Solicitor
Introduced for
Passage
X First Reading Page _ of _
X Referral to Finance 8-3-09 @ 7.30 a m
�9 250
Assigned to Councilor - Stone July 27, 2009
CITY OF BANGOR
(TITLE.) Resolve, Appropriating $1,084,873 from the Maine Department of Economic and
Community Development under the United States Department of Housing and Urban
Development Neighborhood Stabilization Program
WHEREAS, on February 23, 2009, the City Council authorized the submission of an application to the
Maine Department of Economic and Community Development for Neighborhood
Stabilization Program funds in the amount of $1,084,873; and
WHEREAS, the City has received notification that the application has been approved in the amount of
$1,084,873;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BANGOR THAT
A $1,084,873 grant from the Maine Department of Economic and Community Development under the
United States Department of Housing and Urban Development Neighborhood Stabilization Program is
hereby appropriated for the purpose of purchasing, rehabilitating, and resale of foreclosed and
abandoned residential properties.
IN CITY COUNCIL
July 27, 2009
First Reading
Referral to Finance Committee
Meeting of 8/3/09 at 7:30am
t
CITY CLERK
IN CITY COUNCIL
August 10, 2009
Pass d
CITY CLERK
RESOLVE
(TITLE) Appropriating $1 _084„873 from the
Maine Department of Economic and Community
Development Neighborhood Stabilization Program
Assigned to Councilor__ S"