Agenda - 03-08-1995 - VIII-C - Laserfiche WebLink

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5 Magnolia Place Community Development Block Grant Grant Project Ordinance Project Number 19-800 Be it ordained by the Orange County Board of County Commissioners that pursuant to Section 13.2 of Chapter 159 of the General Statutes of North Carolina,the following grant project is hereby adopted. Section 1. The project authorized is the Community Development project as described in the work statement contained in the DCA grant number 93-C-8332 between this unit and the North Carolina Department of Commerce. This project is more familiarly known as the Magnolia Place Community Development Project. Section 2. The officers of the County are hereby directed to proceed with the grant project within the grant document,the rules and regulations of the North Carolina Department of Economic and Community Development and the budget contained herein. Section 3. The following revenue is anticipated to be available to complete this project: Intergovernmental-Magnolia Place Block Grant $250,000 Miscellaneous Revenue-Orange Community Housing S18,833 Total 1268,833 Section 4. The following amount is appropriated for this project: Magnolia Place Grant Project $268,833 Section 5. The finance officer is hereby directed to maintain within the Grant Project sufficient specific detailed accounting records to provide the accounting to the grantor agency required by the grant agreement and federal and state regulations. Section 6. Funds may be advanced from the General Fund for the purpose of making payments due. Reimbursement requests should be made to the grantor agency in an orderly and timely manner. Section 7. Copies of this grant project ordinance shall be made available to the finance officer for direction in carrying out this project. Section 8. This ordinance shall be in effect from the date of adoption through June 30, 1995. Adopted this 8th day of March, 1995. M:\BUDGET\9495\ORDS\GRANTS\MAGNOLIA