HomeMy WebLinkAboutRES 86-326 R E S O L U T I O N
WHEREAS, the budget adopted by the City Council for FY
'86 allocated $25,000 to the Neighborhood Housing Services of
Beaumont, Inc . , to be used to support the administrative costs of
its program operation and $75,000 to support a revolving loan fund;
and
WHEREAS, a shortage in the receipt of private financial
support has necessitated the request by Neighborhood Housing
Services to increase the allocation for administrative costs from
$25,000 to $30,000;
NOW, THEREFORE, BE IT RESOLVED BY THE
CITY COUNCIL OF THE CITY OF BEAUMONT:
THAT the City Manager be, and he is hereby , authorized to approve
the revised funding allocation for Neighborhood Housing Services of
Beaumont, Inc. , in the amounts of Thirty Thousand Dollars ( $30,000)
for administrative costs and Seventy Thousand Dollars ($70,000) to
support a revolving loan fund.
PASSED BY THE CITY COUNCIL of the City of Beaumont this
the day of 1986.
we
Mayor -
"— e, 6,