HomeMy WebLinkAbout1990-170-03.26.1990 IX < H
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• RESOLUTION NO. 1990-170
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H Ht.r' S RESOLUTION APPROVING REVISION NO. 1 FOR OPERATING
BUDGET FOR FISCAL YEAR 1990 FOR RIDGEWAY TOWERS
n.) APARTMENTS AT 225 W. RIDGEWAY AVENUE ACTING AS
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o trIHE-1 PUBLIC HOUSING AUTHORITY OF THE CITY OF WATERLOO,
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H WHEREAS, the proposed Operating Budget Revision #1 for
the fiscal year 1990 for Project Ridgeway Towers Apartments
" of 225:-. W. Ridgeway Avenue, owned and operated by the
Waterloo Housing Authority has been presented to and
reviewed by the Board of Commissioners, and
WHEREAS, it is hereby determined that the proposed
expenditures are necessary in the efficient and economical
operOiOns of these housing projects for the purpose of
servinglow-income families; that the financial plan is
reaa464-ble in that:
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0 II) It indicates a source of funding adequate to cover
all proposed expenditures; and
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•( 2) It does not provide for Federal funding in excess
ET, of that payable under the provisions of these
'1) H regulations; and
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( 3) All proposed rental charges and expenditures will
be consistent with provisions of law and the
Annual Contributions Contract.
NOW, THEREFORE, BE IT RESOLVED that the Operating
Budget Revision #1 for the fiscal year 1990 for Project
Ridgeway Towers Apartments, 225 W. Ridgeway Avenue as
proposed to the Board of Commissioners, be approved, adopted
and submitted to the Department of Housing and Urban
Development for concurrence.
AYES NAYS ABSENT
Brown None None
Dell
Buck
Fox
Angel
Wright
Budak
PASSED AND ADOPTED this 26th day of March, 1990.
Lt
ernard L. McKinley, M or
ATTEST:
Lar y P. urger, C • y Clerk/Auditor