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<br />- 33 <br /> <br /> <br /> <br /> <br />RESOLUTION 1997 - 87 R <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS APPROVING A REALLOCATION OF HOUSING AND URBAN <br />DEVELOPMENT COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS <br />.- AND DECLARING AN EFFECTIVE DATE. <br />I <br /> <br />RECITALS: <br /> <br />1. The City of San Marcos received Community Development Block Grant <br />(CDBG) funds from the Department of Housing and Urban Development (HUD) in 1994 <br />and 1995 that have not been expended. <br /> <br />, . <br /> <br />2. Representatives of HUD have determined that these unexpended funds are <br />available for reallocation. <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS: <br /> <br />PART 1. The reallocation of $132,988.35 in unexpended fu'nds remaining from <br />fiscal year 1994 and fiscal year 1995 to be used for the following future CDBG projects is <br />approved: <br /> <br />1. Neighborhood Sidewalk Project $53,000.00 <br />2. Downtown Sidewalk Project Phase II $79,988.35 <br /> <br />PART 2. That this Resolution shall be in full force and effect immediately from <br />and after its passage. <br />! <br />ì. ADOPTED this the 9th day of June , 1997 <br /> <br /> <br /> <br />~~Ciò~ <br /> <br />Billy G. Moore . <br />Mayor <br />Attest: <br /> <br />of( h;¡~ tJ/rr~ <br /> <br />JÆs K. Womack <br />City Secretary <br /> <br /> <br /> <br />I <br /> <br />! ' <br />t <br /> <br />