City Council

--i (ai' \ r I '. 22-tfr \ Counci 1 Agenda&E6 Item tlo. p 5/16/78VIII. MAY 16 1978 COUNCIL MEMO NO. I 208-78 May 10, 19 PPROVE D MAY 16 lels TO: Mayor and City Council BY THE CITY COUNCIL FROM: Ci ty Manager --rk?, r"rycrv cr.ERK SUBJ ECT: App'lication for Categorical Program Settlement Funds, John F. Kennedy Urban Renewal P'lan, Proiect Okla. R-35 Authorization for an application for Categorical Program Settlement Funds to comp'lete the John F. Kennedy Urban Renewal P1an identified as Proiect Okla. R-35 and initiation of appropriate areawide and State reviews is requested. Brp!s-!9!-[!-. The John F. Kennedy Urban Renewal Proiect was initially funded under the Categorical Urban Renewal Program of the United States Department of Housing and Urban Development (HUD). I.lith the passage of the Housing and Community Development Act of 1974, this original Urban Renewal funding was discontinued with the stipulation that funding for comp'letion of Renewal Proiects approved prior to the passage of the Act was to come from Commun'ity Development Block Grant funds. During the first three years of Community Deve'lopment Block Grant funding, 77% of the available Block Grant funds have been conrnitted to completion of prior approved Urban Renewal projects. The new Housing and Cornmunity Development Act of 1977 provides a special discretionary fund for categorical program settlement. The costs associated with completion of the Kennedy Renewal Project are eligible to compete for this discretionary funding. Grant Amount: The current estimated cost for substantial completion of the John F. Kennedy Renewal Project is $7,694,667. Recommendation: The Council authorize application for Categorical Program SeTUIemeffi-Funds for the John F. Kennedy Urban Renewal P'lan, Proiect Okla. R-35, and the 'initiation of approprfate areawide and State reviews. Respectfu'l1y su bmi te d, J ames Ci ty a9er Attachrnent ---- ..i Counci I Agenda Item No. VIII. p 5/16/78 .l208-78 NC MEMo N0. L q May 10, 1978 TO: Mayor and City Council FROM: Ci ty Manager SUBJ ECT: Application for Categorical Program Settlement Funds, John F. Kennedy Urban Renewal PIan, Project Okla. R-35 Authorization for an application for Categorical Program Settlement Funds to complete the John F. Kennedy Urban Renewal Plan identified as Project Okla. R-35 and initiation of appropriate areawide and State reviews is requested. Background: The John F. Kennedy Urban Renewal Project was initially funded under the Categorical Urban Renewal Program of the United States Department of Housing and Urban Development (HUD). With the passage of the HousinE and Cormunity Development Act of 1974, this original Urban Renewal funding was discontinued with the stipulation that funding for completion of Renewal Projects approved prior to the passage of the Act was to come from Cornmunity Development Block Grant funds. During the first three years of Community Development Block Grant funding, 77% of the available Block Grant funds have been corrnitted to completion of prior approved Urban Renewal projects. The new Housing and Community Development Act of 1977 provides a specfal discretionary fund for categorical program settlement. The costs associated with completion of the Kennedy Renewal Project are eligib'le to compete for this discretionary funding. Grant Amount: The current estimated cost for substantial completion of the John F. Kennedy Renewal Project is $7,694,667. Recommendation: The Council authorize application for Categorical Program ffifortheJohnF.KennedyUrbanRenewalP1an,Project0kla.R.35, and the initiation of appropriate areawide and State reviews. Respectful 1y subm 'l ted, J ames Ci ty ger IILED 4 Attachrnent M AY301978> 1-- 0\ the CitY Clerk Oftice ot CitY ot Citv 0klahoma rll'. .1b ' ::,t ,:..,, i-i .-r.;-r-.,:- ,.r .:. -: .,,4: CITY of OKTAHOMA CITY t o*,o,o^ A c,w, 23,02 MUNtctpAL BUu.DING 2oo NonrH wATKER May 17 , LgTg Mr. Billy V. Austin, Acting Director Department of Housing and Urban Development Area 0ffice 200 llorthwest 5th Street Oklahoma City, Oklahoma 73102 Moyol PATIENCE LATTING Dear Mr. Austin: Re: Appl ication for Categorica1 program Setilement Funds, John F. Kennedy Urban Renewal plan, Project 0kla. R-35 _ Completion of the John F. Kennedy Urban Renewal plan, Project No. R-35, is absolutely essential to Oklahoma citi. Our mutual commitment to the residents of this predominanily minority area must be honored. Failure to achibve substant-ial completion would be harmful to our community and adverse to the future health and vitality of our Centril City area. we are making a strenuous effort to honor our obligation to complete the renewal programs which we have undertaken. Out of the first four years of conmunity Development Fund allocations (including the fourth year ipplication now pending), we have committed 78.057" of these funds to renewal project completion. This amounts to $24,949,633 out of a total of $31,967,000 allocated to Oklahoma City. The future of the John F. Kennedy project area is vitally related to our job generating activities in both the Central Business District and in the Central City Industrial District Project, which lies adjacent to the Kennedy Project Area. To t[re extent that limited funds can be freed, we are gradually [ndertaking the development of light industrial and service oriented commerciar businesses in proximity to the John F. Kennedy project area in order to expand the base of job opportunities available to present and future residents of this hrea, and especially- low hnd moderate income members of our minority population. "PEOPLE Are Our Business" Mr. Billy V. Austin May 17, 1978 Page 2 The substantiar cost increases in this project are due primarily to HUD and federal action, and did'not s.ignificant result from any local amendment to the firoject. ii.. ,y letter on this subject dated.December 16, L977, uao..st.o to iecreiirv- Harris.) At the time. of approval of'the-originar appliii[i6n ror the Kennedy. project, HUD approved an agreem"it b.t*"en our Renewal Authority and tne bktahoma citi nouiing nutnoriiv ,._ g!1ring the Housing Authority to purchise, cteir and redeveloo 442 parcels. HUD rater disapprovba this igre.r.ri iu";;;;;';f cost) and then later approved'a substitute"ug..ement parcels under which these wourg uq purchased by the neneiai Authoritv ana io.rd to the Housing Authority for publit housing development. niier purchase of most of these parcels by the R6newal nirffrority, changes policy in HUD and i-egulatio-ns p..Ciro"o the sale of most of these parcels !o !!g Housing Authoritv for-Jevelopment-or puntrc housing. Other significant coits *e.e aideo uv r.o.i^ar iegiriitron. 0n May 28, LgrL, HUD acknowledge the necessity increased. of these costs. Since Lgl!, costs have been compounded by inflation and the extended time periods-..qrir.o due to incremental fundi ng. There is no satisfactory alternative to substantial completion of this project. Also, therL are no funding iit"rnatives available other than Community Development Funds, of ifrich almost four-fifths are already being devoted tb comp'letion of Jur-renewal projects. By reason of the limited increments in which these fundt miv-ue maOe availab'le, several years would be requi..o-[o-achieve suusiiniiat completion, thereby causing furth{r iost increases due to infration and extension of administritive cdsts. l.Iith a discretionary grant fqr financial settlement and com_ pletion as provided by ritie r, Sqction ioria)[zt-iiot.ort-;;r"il";cr,iereo oi ah; f;;riis ano community Development Act of tglr, financiui within 24 months of the date of such grant. it.Ok'rahomi c.,.ty-u.uun Renewal Authority, the agency responsible for completion, nur".on- sistently demonstrated i[s a-uirity to mover^upiity and efficienily when adequate funding is availabl!. A compl;[i;n grant remove_the_delay, would also mandated by financial regu'lationi, of accumulating funds for letting-major site improvement contracts until sufficient funds are available for obligation. we have made a strenuous effort to minimize the costs required for substantial completion. we have reviewed ine remainlng ac-iivi_ ties required for. the project and nave-soulhi ;; insure the reason- ableness of cost by: 1. Adopting the shortest reasonable time frame for completion of acti vi ti es and f i nanci a'l cl oseout. .-r1 . :. .:,: - : ).j .. : .,.-".1.. <.-. . ,. .: . ,.- . : .. .:..: :.:..'. ,:.:.. . .;.:i+.."i..t.,,,, ,. Mr. Bi11y V. Austin May 17, 1978 Page 3 2. Deleting proposed acquisitions, thereby arso reducing relocation and demorition costs, excepi *he.e required P .osu.]gpmgrl activitv or for lhe .ii*rniiion of unrehab- itable bl ighting struciures. 3. Transfer of $850,000 in rehabilitation grants funds to other completion activities. we have reduced the estimated comp'letion-Consequently, cost for substantial from $9 ,lZZ,ZBg (See letter Oii.a-fi.iember 16, L97l) to the sum of $7,694,661 . we most sincereiy and urgently request your assistance solving the practicar in and fininciar att'emmis"inrrerent in the need to substantr'al1y comprete John F. Kennedy Urban Renewar projeli-in a prompt and timely manner. S n Patience La ng Mayor , i. .: - '' ': ! ._,..,.,,,i- ** sF-424 nEptAjES IIUD-2015(llt/?il Application for Federal Assistqnce OMB Approv.t No. 2+.fto2t8 FEDERAL 2. APPLI. .. IUI|EER ASSISTANCE 3. STAIE I. IiUHBER T. TYPE CANT.S AFPLtCA, OF EI(PREtPPUGlTtoil APPLI. I. DAIE noN ACTTON tDEnn- b. oArE lFPUCrnoil CATION Yan amtlr &y Ylat aoatL lldotk !r. E FIER t/rly ?rofu l{oTtFrcf,nofl oF II{IE'IT (opr) ASStcilE0 19 boz, E Laoc REPCRT OF TEDERAI. ACn0il Blarl* ,l. LEGAL APPLICANT,/RECIPIENT 5, FEOERAL .. Aeptl..nt EM PLOYER il.rn : City Oklahoma NO. of Ciry 7 3-6005 359 l, orttnlEtloa Uni! : Ciry c. !!^fa-!oma Urban ienewal Aurhorir Stndr?.0. fq : 200 N. Walker 6 d. cit : PRO. t. 1 4 a 2 1 Oklahorna City r CosaU GRAM t. $.!. : Oklahoma !. rtnE ty : Oklahoma r. ItPGodr:73702 (Fron t L Conbsl p3rtoo (Alorr. Fddd Block Grant a /Discretionary No.) : Cttl&g) Grant t 7. TITLE AND OESCRIPTION OF APPLICANT'S PROJECT E E. TYPE OF /RECIPIENT E John F. Kennedy, ASttt. _OKLA_R_35; Financial Settlement 8-lntNlttatr and completion of Urban C-Subs&tr til**r"x.tiitfl ,,,_ E n."""ri-project District [fffi f; t D-Coqnty l({lh.r (Sr;ciry): E-citY ' I f- Scliml Dlrtricr HDcial PurDa. DhtiGt f Eat.,' cpptoptbac b,;tc" 9. TYPE OF ASSISTANCE I /L8.rlc Grrnt Elnrunacr 8-Supplcmsatrl Gnnt E{)thrr Enad a?ptb Er IO. AREA OF PROJECT C-Lmn IMPACi corntiu, Dtbh lctbr(.) tt. NU 12. TYPE FNr OF APPLICATION Oklahona Cit Okl C-Rryirisn €-tutm.nElioo Y, ahoma County, a. 7,3L4 B-iancrrl D-{ootinurtioi 13. PROFOSEO Entcr FUNDING t,t. aDuroprbb bt c OF: TYPE OF cHAf.lGE .. APPI|CIII lFq trc o rra, L ?iorEgr f-Ott.t (Spccily) . .00 05 05 t5. .00 tr. PROJECT Dur2noil .00 t" Etht tooro .00 t8. - Oriotc ba,G(.) lat ottl &y 19. EX|STING FEOERAL IDENTI FICATION NUMBER ?3. FEDERAL t9 AGENCY TO RECEIVE 5 REquEsr (Ncme, City, Storr, De ztP od., r tmen t o t Hous l- and 2t. REMARKS ADDED zt ban 1 tOKCi ,oKLA 731 Y€3 No b. ,, Orslrr THE aprrotri.tc^-95 lVo zc- Reoou E APPLTCAIIT a?onrc olletud CERTIFIES IHAT> o) tr f c, tr a. .. TYPEo I XE AiD Tiru L REPRE. Patience a oATE StcilEI) E SEflTATIVE Latting, Mayor 2+ AGENCY NAUE ,il{'AFi"6'1978 25. APPLtiCA. TION Ycs ,tronth bt 6 UNIT RECEIVEO l9 OFFICE E 2E. f"'g^imt"ii,"d*""TION E 23. ADORESS 30. FEOERAL rognrrrrcerroMGRANT E !L lcrilil ?AXEN 32. FUNDING Y*t tottl i E .. A;AnDrD do1 3{. Yan aorth bi r EECIED l9 E 3a Q r. tmJRitD tor 3G leat rr,orttr bi I TIIE,IDITIT' a. .00 a. D$ErnED i E a. sz. nsuanxs b .o0 aooio B .. TTTHDRAWi t. !& rboyc adion, Ycs FEDERAL AGENSY D. ofncilL A-95 AcTtoN u.) 121-toL h.rrlfi.t, a?1 t 4-28-78 Appllcantrg Name and Addresa: Clty of Oklahoma Clty Municipal- Butldlng, 200 North I'Ialker Okl-ahoma Clty, 0K 73102 ProJect Name: John F. Kennedy ProJect Number: 0k1a. R-35 Local- Publlc Ageney Responalble for ProJect: Name: Oklahoma Clty Urban Renewal Authorlty Colcord Bulldlng, L5 North Roblnaon Oklahoma Clty, 0K 73102 Latest Approved Budget: No. 19, dated June lL, 1976 SECTION A. PROJECT FUNDING NEEDS A-1 Federal Loans Outstandlng $ -o- A-2 Federally-Guaranteed Loans Outstandlng 4,070, ooo A-3 Other Loans Payable -0- L-4 Accounts Payable 79,696 A-5 ProJect Actlvltles to be Funded (schedule attached) L2,440 ,7 37 A-6 Mlscellaneous Fundlng Needs -0- A-7 Total ProJect Funding Needs 16,590,433 SECTION B. PROJECT FUNDING RESOURCES B-1 Cash on Hand 3L2,907 B-2 Unpald FederaL Grant 2 r 813,109 B-3 Comrunlty Devel-opment BLock Grants 3,29L,637 B-4 Other Resources (US Treasury Bl1Ls at Coet) 392,480 B-5 Surplus from Completed Urban Renewal ProJecte -0- B-6 Land Dlsposition Proeeeds Outstandlng 2,085r633 B-7 Total ProJect Fundlng Resourceg 8 1895,766 Flnanclal Settlement Grant Request (Llne A-7 mlnus Llne B-7) 7,6941667 SECTION C . GENERAL PROJECT DATA C-1- Coupletloa or Flnanclal Settlement Date: 2 yeare Frop Grant Approval c-2 c-3 c-4 ; t+-28:-78 JOEN F. KENNEDY, OKLA. R-35 Schedule I Reoalnlng Funds Required Adolnistrative Costs (1410., L475.) 1r085,408 Legal Services (1415.02 thru 1415.05) 24,820 Acquisition Expenses (L44O.02 thru L440.06) 132,191 Ternp. Opr. Acquired Property (1448.) L48,766 Relocation (1443. and 1501.) Lr576 1677 Site Clearance (1450.) 556,325 ProJect Improvements (1455. ) 4r22O,Ooo Disposal Costs (1445.) 120,680 Rehabilitatlon (1460.) 1,078 Iqterest (1420.01, L420.02) 813,159 Contingencies 200,000 Real Estate Purchases (1440.01) 1r606,478 Rehabllitati.on Grants 279,522 Land Deficit L.675,633 TOTAT L2r44O,737 4-28-78 JOEN F. KENNEDY, OKLA. R-35 Schedul-e 2 Dlstribtuion of Funds in This ApplicaEion Aduinlstrative Cosrs (1410. , L475.) 1r200,000 Legal Services (1415.02 thru 1415.05) 22,500 Acqulsition Expenses (L440.02 thru 1440.06) 80,000 Temp. Opr. Acquired Property (1448.) 106,500 Rel-ocation (L443. and 1501.) L,2g7,ooo Slte Cl-earance (1450.) L73,254 ProJect Improvenents (1455.) 2,583,2L3 Disposal Costs (L445.) 35,000 Rehabllitation (1450. ) -0- Interest (1420.01, 1420.02) -0- Contingencies 200,000 Real Estate Purchases (1440.01) 1r200,000 Rehabilltation Grants - 850,000 Land SaLes Deficlt L'-675,633 Other Incone (-) (L449.) 29,433 TOTAL 7 ,694,667 4-28-78 JOEN F. KENNEDY, OKLA. R-35 Schedule 3 Comunlty Development Funds Unconrmi tted Legal Services 2,015 - Acqulsltlon Expenses 50,063 r Tenp. Opr. of Acquired Property 55,OOo r Relocation 40,000 - Slte Clearance 389,400 I ProJect Improvements 1,553,879 r Disposal Costs 78,LzO Rehabilitation and Conservation 718 Interest 833,780 1 ReaL-Estate Purchases 288,662 L TOTAL 3r29L,637 Tltle I Frmde Uncomrnmi tted Adninistrative Costs - L23,7642 Acquisition Expenses 552 Temporary Operation Acquired Property 41532 Relocation 24,089 Slte Clearance 21529 - ProJect luprovements 182,154 r Dlsposal Costs 7 1560 Rehabllitation 350 Iaterest 20,62t2 Other Income 29,433 Real Estate Purchases 3,500 Relocation GranE 215,588 1 Rehabilitation Grant L,L29,5223 TOTAL Lr454,433 1 Ttrese funds will be substan y conrmitted within the current year; 2 Already over-cornmitted ; 3 I{e propose to transfer 850,000 to other liaes (see schedule 2). ,l-,: : , 5-g-za JOHN F KENNEDY, OKLA. R-35 Narra tive in Support of Schedule 2 Line 2. Administrative Costs In order to complete thiE project in ?l_yltn=:. ir wirr u"-"eJ".sary to lncrease the administrati.ve workload by 5O?. This means approximarelv rnSirSr*i;lr;;;r;an increase to"-= $1,090, o0o Overrun at 3/31/79 Lt4,592 Requested s1-;19csez $1,200,000 line 3. Le a1 Services 286 parcels to be purchased: Requested $22 ,5OO Line 5. siti on Expenses 286 parcels to_ be purchased @ $450 = $128 ,7 OO Batance at 3/3L/78 52,200 Requested $76lmo $8o, ooo Line 6. Temporary operation o f Acguired Prope rty We estimate total to close project $14 8 ,7 66 Balance at 3/3tlle- 42,266 Reguested $IoEEoT- $105,500 Line 7. Relocati on and Comm unity organization 200 of the 2s6 -lppI"Iimatetyy.rl be occupied acquisitions oy tenants. 150 by owners and 50 150 @ $9,000 $1,350, 50 @ = ooo $4,500 225 000 Balance $ ,5 ,00 at 3/3L/78 279,677 Reguested $D3SFzs- $1,297,000 5- 9- 78 (cont. ) JOHN F. KENNEDY, OKLA. R-35 ,u2 Line 8. Site Clear ance Requested See attached Schedule $rz: ,254 Line 9. SiLe rovements sted See attached schedule $2,593,213 Line 10. Dis a1 Lease Retention Costs Required to pr oject_completion $120,680 Balance at 3/31/7g 85,680 Reguesred $-tlO.oo Line 13. Other fncome Requested $35, ooo -$28,433 Line L4. Contin qe ncies Requested $200, 0oo Line 15. Real Es tate P urchases 286 parcels to be purchaqed overall averase_"I $a;6rq: at Balance = $1 ,60'1 320 at 3/3I/7g 407 320 $ !, 0 Requested , 0 Line $1,200, ooo 19. Rehabili tati-9n Grants Balance at 3/3L/7A $ 1,729 ,522 Need to Complete 279,522 Requested -B-m-;oTo 950, Line 22. proceecls 000 from Sale o f Land Budgeted $2,9l-2 Estimate Sales at ,7go Close L ,23'1 ,l-57 Land Sales Deficit $r;675;6-33- Reguested $1, 675, 633 Schedule for Line B April 18, L97B COSTS ESTTMATES FOR WORK REMAINTNG IN JOHN F. KENNEDY, CALLED FOR TN PLAN OKLA. R-35 Site Clearance Structures demolition $152,663 Street, curb and gutter removal Sidewalk removal 54,303 Utility relocation/removal 23, a00 Gas Electrical l6L, 046 Telephone 23,230 Petroleum 69,575 To Complete 72,508 Balance at 3/3L/7g $556-zs Requested FMEA393, 071 Schedule f or Line 9 IdoRK REMATNTNG 3i:1"3t;JI"l$trffR rN J.HN F- KENNED', .KLA. R-3s Site rmp rovements Streets Storm Sewer $2,359,189 Water 384,792 Sanitary Sewer 242 ,995 Greenways and Tot Lots 644 ,535 Rough Grading 220 ,000 Sidewalks 250,000 120,000 To Complete $a;zzo-;OTI- Balance at 3/3I/7g 1,636,787 Requested $mE=13- ..!)-:.1;;::-,i.,; i'_ -.r: i .. .. -.J.. --^- :-) '' -1.,/ t -... . .,..'. clTY of oK!-AHof,f,A clTY fl o**,o^A c,ry, 23,02 MUNICIPAL BUITDING 2oo NoRTH WATKER December 16, 1977 Ms. Patricia Haris, Secretarv Department of Housing and-U"fin Development 4.51 Seventh Street, Southwesi-" Washington, D.C. ?O4LO l,{cyor PATIENCE LATTING Dear Secretary Harris:' Oklahoma City critical y needs an aJlocation uid in the of funds !9 completion of John F. Kennedy Urban nenewai- Plan, Project No.'Oklu. n_gb In order to comprete urban renewal projects undertaken and-commiitea which were prro" to the passage of the Housino and. Communi ty Act. of !914', vast majoritv 0tiatroma Ci ty muit ii f o..t."H;',, of its con'nuniiv oever;fi;n;-Frinds to ongoing urban renewat orojects. ouri-ng the fir;i-til;;. years, . 9!lulg'q qi!vl:^cild;i tv-o.r"iop*"ri bio.["e"anr totar Ied 925,549,000- a r r ocati ons 0? irrr. tirtjr, $ig,b'ri,+ss has been committed to our ongoing ,"bun_renewal projects. represents a commitment-of This la.ll"l ot-ir,E' iiuiiuore community Development Brock Grant_tylir, and of these itHu;;-ihat onry 23% funds are avaitauid-io-lira""tl[."inj"n., aciiviires. Our situation,with^regard project,-OkIa. to the John F. Kennedy urban Renewal n-iS, is especiaity aistressing. June of t970, Oklahoma In ciiv'urtritled ;;';il;;atory appl ica_ tion to the John.F. fenneai [.iun Renewal project, R-35(LG) requestins Okla. u.6,;";;y _roan ini".i.."of $2s,925,335 19-$11:a96,817, Froject' iapiial grant increase of $16,535,020 to ^a ,247,-; relocation $3,2ls,44s to $sgrleq increase of $q,tit;ei,;';n[ -; rehabiiitilior' srant increase of $S ,79G,BlO to $+,eqO,gZO.' The primary reason for the increase capital grant in the project wis the cr,ung"-i, tii" HtjD".#;veo methoa ot acquiring property for.puulrc iiousirg in-[[L"ionn project area. As-origiharl.y-approvua_uv r. Kennedy Urban Renewal plan iuo,-ionn r. Kennedy inituJea"+4I parcels-to Ue Oought, cleared and redevgtopgd by the Oklahomi subsequent !itv Horiing-nrtf,ority. A ruling by HUD decri.eJ i'nil"i.r['o?"th. p]un "PEOPLE Are Our Susrnors.. Ms. Patricia Harris, Secretary Departnent of Housing and UrUin t2/16/77 Development Page 2 economically infeasible in that it-would cause the. per housing to exceed au-thorii.J --il; unit cost of pub.lic -the.ort -0r.penditu res budget constitu cu!'rence in your i ncurring tes a con- costs in conformity r.irth such budget. ^a)Dl-nCere ly, Robert H. Breeden Area Director Enclosur.es c^-F.v)\ e\. ttst&.- Tt\. t \tt-.*s-d\ '/Sxl It.\, t\=s.--r .S--=--.- 'ilvr.-P*,.--^Nv-\5,, --'\\- , HUD Mandated amount for project completion at May J-97J- HUD Grant as of S5:ptenber, LgTL $40, l45 ro27 Needed to complete (1971 22 r!33, B5o Dollars) $13;Trtr77 L971 Eo 1972 Construction Cost Increase (Department of commlrce fndex) Cornposite Cost 5.88 Total Need for tgTI_72 $ I ,044 | 648 L972 HUD Grant Lgr 055 tg25 Need to complete (lg72.Do1lars) $ItEffi?t5r319,566 1972 to 1973 Construction Cost Increasq (Departnent of Commerce Index) CompoSite Cost 8.4e" Total need for Lg72_73 $ I ,15 3,945' 1973 HUD Grant 14, gg0, 105 Need to complete (1973 Dollars) $F,e751r 015,055 L973 to Lg74 Construction Cost Increase 16.32 Jgtai Need, for tg73_74 $ ,26 1r 633 L974 HUD Grant 16, 13 6, 693 Need to complete (Lg74 Doliars) 3r 493 ,379 $ru;853;Eo5 L974 to 1975 Construction Cost Increase (Departnent of Cornmerce Index) Composite Cost 9.592 Total need. for Lg74_Zs $ t, 2l3 ,452 L975 CDBG Fund.s atlocated, by City 13, 866 17 57 Oklahoma City of, Need to complete 1r g6 4,6L2 ifgZS Dollars) $TMTTIZ5 1975 to lg76 Construction Cost Incrgase (Oepartment of Cornmerce Index) Composilte Cost 3.84? Total Need, for ].9T5_76 $--6T;ED L97 6 CDBG Fund,s al1ocJted. by 12 r 463,027 Oklahoma City City of Need, to Complete l, 048 ,932 itglS Dollars) $T[rTa;15 L976 to lgZT Construction Cost fncrease (Departmenr of commerc"-C"*pJ;il; fndex) Cosr 6. 38 Total i,Ieed, for tg76_72 $-fE;T.m L977 cDBc Funcls aliocated 12r133 r299 City by city of oklahoma Need to Complete (LgtZ Dollars) 1r 711, ooo Proposed. fg?e cDBG Allocation fo,@ Need ro comptere (1tt7-;;rlars) 700,000 $ 9 ,7 22 ,289