Res 05-88 RESOLUTION NO. 5-88
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DELRAY BEACH,
FLORIDA, AMENDING SECTION 4 OF RESOLUTION NO. 46-87 WHICH
AUTHORIZED THE FILING OF AN APPLICATION TO THE U.S. DEPARTMENT
OF HOUSING AND URBAN DEVELOPMENT FOR AN URBAN DEVELOPMENT
ACTION GRANT; PROVIDING FOR UP TO $1,100,000 FROM THE
UNENCUMBERED FUND BALANCE AS MATCHING FUNDS FOR THE URBAN
DEVELOPMENT ACTION GRANT; PROVIDING AN EFFECTIVE DATE.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF DELRAY BEACH, FLORIDA, AS FOLLOWS:
SECTION 1. That Section 4 of Resolution No. 46-87 is hereby
repealed and a new Section 4 is hereby enacted to read as follows:
Section 4. That the City will provide the 20% required in
matching funds for the Urban Development Action Grant up to
$1,100,000. Funds to come from the City's Unencumbered Fund
balance - General Fund.
SECTION 2. That this Resolution shall become effective
immediately upon its passage.
PASSED AND ADOPTED in emergency special session this 15th day
of January, 1988.
ATTEST: