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Title:
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Bill 92
This ordinance corrects legislation previously passed placing the funds into appropriate accounts. The bill will reverse Ordinance 15886, and appropriate the ARPA money allocated for HDC-Mid Atlantic project to the correct expense account within the ARPA fund. The original Ordinance 15886 was passed and allocated One Million Dollars ($1,000,000) to the 2023 General Fund DCED Director’s budget. This does not allow for proper tracking and oversight of ARPA funding. The original intention of the Ordinance 15886 was to appropriate One Million $1,000,000 Dollars for the 1528 West Hamilton St. Affordable Housing Project being developed by HDC-Mid Atlantic. These funds should be placed in the ARPA civic expenses account. 100% of the funds will be used to offset construction costs of the project.
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