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<br />180. <br /> <br />RESOLUTION 2004 - 93 R <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS, APPROVING AN AMENDMENT TO THE COMMUNITY <br />DEVELOPMENT BLOCK GRANT (UCDBG") FUNDED FIRST-TIME <br />HOMEBUYER'S PROGRAM TO REMOVE THE TARGET AREA <br />DESIGNATION; AND DECLARING AN EFFECTIVE DATE~ <br /> <br />RECIT ALS: <br /> <br />1. In 2001 the City Council allocated CDBG funding for the establishment of a <br />housing program for moderate income, first-time homeowners. <br /> <br />2~ On April 26, 2004 the City Council adopted a resolution approving a First- <br />Time Homebuyer Program utilizing CDBG funding for qualified housing in the City's target <br />area. <br /> <br />3. The City Cou ncil wishes to remove the target area designation and allow the <br />funds to be utilized City wide. <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br /> <br />PART 1. The amendment of the City of San Marcos First-Time Homebuyer's <br />Program to remove the target area designation and to make funds for the program <br />available to qualified, first-time homeowners City wide is approved. <br /> <br />PART 2. <br />passage. <br /> <br />This resolution shall be in full f oree and e ffeet from a nd a fier its <br /> <br />ADOPTED this the 10th <br /> <br />day of <br /> <br />May <br /> <br />, 2004& <br /> <br />~~7 <br /> <br />Robert Habingreither <br />Mayor <br /> <br />Attest: <br /> <br />tfMJ~;Y~~!Íin1tvJY¿/ <br /> <br />Janis K. Womack <br />City Clerk <br />