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<br /> 61 <br /> RESOLUTION 1998 - 48 R <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br /> TEXAS, APPROVING THE REALLOCATION OF 1996 COMMUNITY <br /> DEVELOPMENT BLOCK GRANT (CDBG) FUNDING FROM CDBG <br /> ADMINISTRATION TO THE NEIGHBORHOOD SIDEWALK PROJECT; <br /> AND DECLARING AN EFFECTIVE DATE. <br /> RECITALS: <br /> 1. In Resolution 1996-96R, adopted on June 24, 1996, the City Council <br /> approved the allocation of 1996 Community Development Block Grant (CDBG) funding for <br /> fiscal year 1996. <br /> 2. A total of $35,430.00 remains in the administration line item of the 1996 <br /> CDBG allocation. <br /> 3. The U.S. Department of Housing and Urban Development ("HUD") requires <br /> that all administrative funds from prior years be reallocated to current CDBG projects. <br /> 4. It is necessary to amend the FY1996 CDBG Funding Proposal Spreadsheet <br /> to reflect the reallocation of $35,430.00 from the CDBG Administration line item to the line <br /> item for th~ Neighborhood Sidewalk Project. <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br /> TEXAS: <br /> PART 1. The 1996 CDBG Funding Proposal Spreadsheet approved in <br /> Resolution 1996-96R is amended to reallocate $35,430.00 from the CDBG Administration <br /> line item to the line item for the Neighborhood Sidewalk Project. <br /> PART 2. This resolution shall be in full force and effect from and after its <br /> passage. <br /> ADOPTED this the 16th day of March ,1998 <br /> D~~,~ <br /> Billy G. Moore <br /> Mayor <br /> Attest: ! <br /> oJ,I 'J& fl. WLJ/ <br /> ltZ1v .' ítI, <br /> Ja is K. Womack <br /> City Secretary <br />