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HomeMy WebLinkAbout8372 - HUD 701 Funds• • RESOLUTION NO. 8372 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH EXPRESSING THE DESIRE OF THE CITY OF NEWPORT BEACH TO PARTICIPATE THROUGH THE STATE IN THE HUD "701" FUNDS FOR FISCAL YEAR 1975 -76 WHEREAS, the United States Department of Housing and Urban Development has instituted a voluntary program of State administration of HUD "701" (Comprehensive Planning and Management Grant Assistance) funds to cities over 50,000 population; and WHEREAS, the State of California, through the Office of Planning and Research (OPR) has provided the opportunity for the City of Newport Beach to enter into a mutual agreement whereby OPR would administer future HUD "701" funds, beginning with the 1975 -76 fiscal year; and WHEREAS, after reviewing the material concerning this most worthwhile program, the City Council has concluded that on balance it can support State administration of the "701" funds; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Newport Beach that beginning with the 1975 -76 fiscal year, the City desires and does hereby agree to the State of California administering its future HUD "701" grant funds through the Office of Planning and Research. ADOPTED this 15th day of October , 1974. ATTEST: /I t_ _=, /�._ . C FIED AS TM O INAL CITY CLERK OF THE C'Iyy OF FORT BEACH OCT 1? 197 DATE, DDO /bc 9/27/74