2014-52 APPROPRIATING $100,000 IN CITY FUND #82 DCDF

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FINANCIAL MANAGEMENT DEPARTMENT #2014 - 13 DATE: September 23, 2014 TO: Honorable Mayor McElroy and City Council Members FROM: Ryan P. McCrady, City Manager Gregg D. Zientara, City Treasurer&Director of Finance SUBJECT: Ordinance to Appropriate $100,000 in DCDF Fund #82 for the Purpose of Defraying the Expenses of Demolition of Abandoned and Blighted Properties within the City Limits SUMMARY RECOMMENDATION: City Administration recommends City Council approve the attached Ordinance, which provides appropriation approval for the City of Decatur to spend monies to demolish certain abandoned and blighted properties in the City of Decatur BACKGROUND: On December 16, 2013, the City Council passed Council Resolution R2013-121 approving the 2014 Budget of the City of Decatur. Furthermore, on Mar h 17, 2014, the City Council passed City Ordinance 2014-10 granting 2014 appropriation spending authority in accordance with State of Illinois statutes, and providing the City with the legal authority to expend monies in fiscal year 2014. The spending authority granted included $750,000 in Community Dev lopment Block Grant (CDBG) Funds for the purpose of funding the demolition of abandoned and blighted properties within the City of Decatur. As the CDBG monies e United States Department of Housing and Urban Development monies, certain requirements are attached to the funds which may from time to time limit the City's abi ity to affect the most timely and efficient actions in the demolition of abandoned and blighted property. The City therefore sought a limited source of funds that would provide al ernative monies for use as necessary when certain federal requirements hindered demolition activity. DCDF, Inc., a City Enterprise fund with over-site by a Mayoral appointed and Council approved Board, provided the limited funding solution. The charter p pose of DCDF, Inc. as stated in the by-laws is to "promote general health, safety, and welfare for the common good of the people of Decatur. To acquire, hold, develop and dispose of land or improvements in connection with public purposes for the City of Decatur. To cause or assist with, or engage in, the providing of decent housing and a suitable living environment for all citizens of said City, particularly those of loA and moderate income.........". council letter Page 1 of 2 age 1 of 2