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COUN'T'Y OF
of suPE~v~soRs
...BUTTE, STATE OF CALIFORNIA
RE~solufion Nc~. o~-oL6
A RESOLUTION OF THE BUTTE COUNTY BOARD OF SUPERVISORS
TRANSFERRING COMMUNITY DEVF,LOPMENT BLOCK GRANTS PROGRAM INCOME
BETWEEN REVOLVING LOAN ACCOUNTS
WHEREAS, Community Development Block Grant (CDBG) program income is defined as
gross income received by the County that has been directly generated from the use of CDBG funds;
and
and
WHEREAS, program income must be substantially expended by the end of each fiscal year;
WHEREAS, per CDBG regulations, program income must either be returned to the
Department of Housing and Community Development, expended for the same activity that is funded
under an open CDBG grant, or expended through an existing Revolving Loan Account; and
WHEREAS, the Butte County Board of Supervisors adopted the document entitled "Reuse
Flan Governing Program Income from Community Development Block Grant Assisted Activities for
the County of Butte" on March 23, 1999; and
WHEREAS, the Butte County Board of Supervisors amended the document entitled "Reuse
Plan Governing Program Income from Community Development Block Grant Assisted Activities for
the County of Butte" on March 1 1, 2003; and
WHEREAS, t11e Butte County Board of Supervisors amended the document entitled "Reuse
Plan Governing Program Income from Community Development Block Grant Assisted Activities for
the County of Butte on April 27, 2004; and
WHEREAS, the County's Program Income Reuse Plan allows for the transfer of the County's
Program hleome From the County's Housing Rehabilitation Revolving Loan Account {RLA) to the
Cotnty's Business Expansion RLA and from the County's Business Expansion RLA to the County's
Housing Rehabilitation; and
NOW, THEREFORE, BE IT RESOLVED that the Board of Supervisors of the County of
Butte does hereby approve the transfer of $ l 00,000 of Program Income from the County's Housing
Rehabilitation Revolving Loan Account (RL.A) to the County's Business Expansion RLA.
PASSED .AND ADOPTED by the Butte County Board of Supervisors this 1 1`}' clay of March
2008 by the following vote:
AYES: Supervisors Connel_.1_y, Dolan, Kirk, Yamaguchi, and Chair Josiassen
NOES: None
ABSENT: None
NOT NOTING: None
ATTEST:
C. Brian addr'x, C,1hl ~ f Administrative Qfficer
And Clcrk~fk~i~, B~a~ of Supe sors ~,
putt'
Curt ~Tosiassen, Chair