HomeMy WebLinkAboutO-96-22 ORDINANCE NO. 0-96-22
AN. ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
SEBASTIAN, INDIAN RIVER COUNTY, FLORIDA CREATING
AND ESTABLISHING A SPECIAL REVENUE FUND FOR THE
COMMUNITY DEVELOPMENT BLOCK GRANT AND ADOPTING
A CDBG BUDGET FOR THE FISCAL YEAR BEGINNING
OCTOBER 1, 1995 AND ENDING SEPTEMBER 30, 1996;
DETERMINING AND FIXING THE AMOUNTS NECESSARY TO
CARRY ON THE ACTIVITIES OF THE CDBG PROGRAM AND
ESTIMATING RECEIPTS FOR THE FISCAL YEAR; PROVIDING
FOR SEVERABILITY; PROVIDING FOR CONFLICTS; AND
PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the City of Sebastian, Indian River Cotmty, Florida, is the recipient of
Housing and Urban Development economic assistance in the form of a Commtmity
Development Block Grant ("CDBG"); and
WHEREAS, the City Council desires to establish a separate fund for revenue
obtained from the CDBG and expenditures incurred by the City, in accordance with
applicable State and Federal law; and
WHEREAS, a budget has been developed containing estimated CDBG revenue and
expenditures for the current year;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF SEBASTIAN, INDIAN RIVER COUNTY, FLORIDA, THAT:
Section 1. There is hereby established and created a Community Development Block
Grant ("CDBG") Special Revenue Fund. All monies collected as a result of the City's
Community Development Block Grant are specifically appropriated to the CDBG Fund.
Section 2. The budget of the CDBG Fund for the Fiscal Year beginning October 1,
1995 and ending September 30, 1996 a copy of which is attached hereto and incorporated
herein by this reference as Exhibit "A", is hereby adopted and the appropriations set out
therein are hereby made to maintain and carry on activities of the program.
Section 3. If any clause, section, or other part of this Ordinance shall be held by any
Court of competent jurisdiction to be unconstitutional or invalid, such unconstitutional or
invalid part shall be considered as eliminated and shall in no way affect the validity of the
other provisions of this Ordinance.
Section 4. All Ordinances or parts of Ordinances in conflict herewith are hereby
repealed to the extent of such conflict.
Section 5. This Ordinance shall become effective upon the date of adoption.
Section 6.
public hearing on September 25,
Councilmember /'6/~.d~r ~t~ .
The motion was seconded by Councilmember
being put to a vote, the vote was as follows:
This Ordinance was advertised in the Vero Beach Press Journal for a
1996, at which time it was moved for adoption by
and, upon
Mayor Louise Cartwright
Vice Mayor Walter Barnes
Councilmember Norma Damp
Councilmember Richard Taracka
Councilmember Ray Halloran
Th~AXj4ayor thereupon declared this Ordinance duly passed and adopted this c~5%~"day of
~i~~ 199 (~.
---ATTEST:-
City Clerk
O'Halloran, CMC/AAE
CITY OF SEBASTIAN, FLORIDA
By:
~ Louise
Approved as to Form and Content:
Valerie Fernandez Settles,
City Attorney
3
CITY OF SEBASTIAN
CI)BG FUND
REVENUE
Intergovernmental
Transfer-ln
TOTALREVENUE
PROPOSED
FY 95 - 96
$ 89,100
30
$ 89_,130
EXPENDITURE
Operating Expenses
Capital Outlay
TOTAL EXPENDITURE
$ 79,130
10,000
$ 8,9,130
EXHIBIT "A"