Subject: 20861/FundTHDABicNeighbrhds/CNE
Date: Fri, 5 Jan 1996 09:37:09 -0500


                               RESOLUTION NO. 20861
                 
                 
                  A RESOLUTION COMMITTING FUNDING FOR ONE (1)
                  YEAR THE AMOUNT OF TWO HUNDRED FIFTY THOUSAND
                  DOLLARS ($250,000.00) FOR THE BICENTENNIAL
                  NEIGHBORHOODS PROGRAM.
                 
                 
                                                    
                 
                 
       	    	 BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
       CHATTANOOGA, TENNESSEE, That the City be and is hereby committed
       to fund for one (1) year the amount of $250,000 for the
       Bicentennial Neighborhoods Program, which funding will be
       allocated from next year's capital budget and which shall serve 
as
       matching funds for a THDA grant of $2,000,000 to assist in 
housing
       development initiatives over the next three (3) years.
      
       ADOPTED:	 January 16, 1996
      
       RLN:cjc