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Council completes first reading of Neighborhood Revitalization Fund ordinance; sets $3,000 initial grant cap
Summary
Council completed a first reading of an ordinance to establish a Neighborhood Revitalization Fund for grant-based rehabilitation assistance with an initial maximum grant set at $3,000; full adoption to be considered at the June meeting.
Council completed the first reading of an ordinance to create a Neighborhood Revitalization Fund on May 4. The ordinance as presented would establish the fund to receive and distribute rehabilitation grants only (the council directed that the fund not provide loans), and a draft resolution sets an initial grant maximum of $3,000 per award with the council retaining the ability to adjust that cap by later resolution.
Councilors asked for review and directed that the ordinance and operational rules be returned for consideration at the June meeting for possible adoption. The minutes record the first reading was completed and that further review and feedback from council members is expected before final action.
