HomeMy WebLinkAboutResolutions - 1977.05.05 - 13286Henry W4Hoot, Chairman
Resolution No 7965 iNky 5, 1977
BY: PUBLIC SERVICES COMMITTEE - Henry W. Hoot, Chairman
IN RE: 'AUTHORIZATION TO REALLOCATE COMMUNITY DEVELOPMENT SECOND YEAR LOANS
AND GRANTS FUNDS
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS:
Mr. Chairman, Ladies and Gentlemen:
WHEREAS, the County of Oakland is participating as an urban County
under the Community Development Act of 1974, and
nEREAS, the primary objective of the Act is to provide decent homes
and a viable living environment for those persons of low and moderate income,
and
WHEREAS, Oakland County by Resolution #7462 did allocate $500 -,000 in grant
monies for loans and grants in the Second Year Program with the intent that 80%
be used for loans and 20% for grants to eligible homeowners, and
WHEREAS, the grants portion of $100,000 have been expended and the loans
portion has only expended $15,000 of $400,000, and
WHEREAS, the County has over SO applications, and
WHEREAS, the Community Development Advisory Council has recommended that
$500,000 be transferred from the loans portion to the grants portion of the program,
and
WHEREAS, there are no County funds required for this purpose,
NOW THEREFORE BE IT RESOLVED that the Oakland County Board of Commissioners
authorize transfer of $300,000 from loans portion to the grant portion of the
Second Year Community Development Program.
The Public Services Committee, by Henry W. Hoot, Chairman, moves the
adoption of the foregoing resolution.
PUBLIC SERVICES COMMITTEE
#7965 May 5, 1977
Moved by Hoot supported by Patterson the resolution be adopted.
The Chairman vacated the chair. Paul E. Kasper took the Chair.
Discussion followed.
AYES: Kasper, Kelly, Lanni, McConnell, Montante, Moxley, Page, Patterson,
Peterson, Price, Roth, Simson, DiGiovanni, Doyon, Fortino, Gabler, Gorsline. (17)
NAYS: Hoot, Wilcox, Aaron, Daly. (4)
A sufficient majority having voted therefor, the resolution was adopted.
The Chairman returned to the C hair.
STATE OF MICHIGAN)
COUNTY OF OAKLAND)
I, Lynn D. Allen, Clerk of the County of Oakland and
having a seal, do hereby certify that I have compared the annexed copy of
9r.1 .1E79$.5 .Q4Q14tqci .b.Y. Apki ova. County .BQacd .of,
.C.9rIrPP.r.s.P;L.PNjr.rilcW,Q9.[10.4.(4r0/0.Y..54..1 977
with the original record thereof now remaining in my
office, and that it is a true and correct transcript -
therefrom, and of the whole thereof.
In Testimony Whereof, I have hereunto set my hand and
affixed the seal of. said County at Pontiac, Michigan
... ...........day of.. MY 1977..
Lynn D. Allet ....... ...... ..... Clerk
By •Deputy clerk
HERWAPPROVE THE FOR _ ONG RESOLUNON
V