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Res 085-94 6/7/1994RESOLUTION NO. O "1 4 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, APPROVING THE AMENDMENT OF A PREVIOUSLY APPROVED PROGRAM DESCRIPTION AND THE REALLOCATION OF HOME FUNDS TO JERUSALEM COMMUNITY DEVELOPMENT CORPORATION; FINDING AND DETERMINING THAT THE MEETING AT WHICH THIS RESOLUTION WAS PASSED WAS OPEN TO THE PUBLIC AS REQUIRED BY LAW. WHEREAS, the City of Wichita Falls previously entered into a contract with Jerusalem Community Development Corporation (a non- profit Community Development Housing Organization-CHDO) to provide HOME funds for low income housing related activities; and WHEREAS, the automated accounting system of the U. S. Department. of Housing and Urban Development cannot accept payment requests from two different sources for a project at the same physical address, which requires the City to transfer, to the CHDO, that portion of the HOME funds the City would have paid for these projects; and WHEREAS, there is need to reallocate an additional $17, 400 in HOME funds to the Jerusalem Community Development Corporation to assist low income first time homebuyers. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS THAT: SECTION 1. The City Manager is hereby authorized to amend the HOME program description and re-allocate $17, 400 to the Jerusalem Community Development Corporation. SECTION 2 . The City Manager is hereby authorized to amend the previously approved contract with Jerusalem Community Development Corporation by increasing their maximum contract amount to 129, 900. SECTION 3 . It is hereby officially found and determined that the meeting at which this resolution was passed was open to the public as required by law. PASSED AND APPROVED this the f + " , 19•4 . 7 M Y O R ATTEST: nt.a..) nucfcti