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HomeMy WebLinkAbout87-455 - Resolutions RESOLUTION NO. 87-455 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, REPROGRAMMING $53,735 IN UNSPENT COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) FUNDS FROM THE 1984-85 AND 1985-86 PROGRAM YEARS TO COMPLETE THE NORTH TOWN PHASE IV STREET IMPROVEMENT PROJECT WHEREAS, the City of Rancho Cucamonga operates a Community Development Block Grant ProEram in compliance with the regulations established by the U.S. Department of Housing and Urban Development; and, WHEREAS, the City Council allocated $166,000 from the Fiscal Year of 1985-86 Community Development Block Grant to complete the North Town Phase IV Street Improvement Project (Acacia and Belmont Streets); and WHEREAS, the project has cost more than expected; and WHEREAS, there are unexpended CDBG funds from previous years which could be allocated to this project; and WHEREAS, the City Council has held a duly noticed public hearing to receive public comment on the use of these funds. NOW, THEREFORE, BE IT RESOLVED, that funds will be reprogrammed to cover the cost of completion of North Town Street Improvements Phase IV as follows: To North Town Phase IV from the following project: 1984-85 Administration $10,259 1984/85 Turner Avenue - West Side 28,286 1984/85 North Town IV Design 240 1984/85 Contingency 9,950 1985/86 Handicapped Signs 5,000 $53,735 PASSED, APPROVED, and ADOPTED this 19th day of August, 1987. AYES: Brown, Buquet, Stout, King NOES: None ~~~ ABSENT: Wright Dennis L. Stout, Mayor Resolution No. 87-455 Page 2 ATTEST: Beverly ~. Authelet, City Clerk I, BEVERLY A. AUTHELET, CITY CLERK of the City of Rancho Cucamonga. California, do hereby certify that the foregoing Resolution was duly passed, approved, and adopted by the City Council of the City of Rancho Cucamonga, Californla, at a regular meeting of said City Council held on the 19th day of August. 1987. Executed this 20th day of August. 1987 at Rancho Cucsmonga, Cal ifornia. Beverly ~. Authelet, City Clerk