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n�I11NA1�CE 1 <br />AN ORDINANCE (1) ACCEPTING TWO RESILIENCY GRANTS IN THE <br />TOTAL AMOUNT OF $162,487.50 FROM THE VIRGINIA DEPARTMENT OF <br />EMERGENCY MANAGEMENT AND APPROPRIATING SAID FUNDS IN THE <br />FY 2020 GRANTS FUND AND (2) TRANSFERRING $54,262.50 FROM THE <br />STORM WATER MANAGEMENT FUND BALANCE TO THE FY 2020 GRANTS <br />FUND TO SERVE AS THE LOCAL MATCH FOR THE RESILIENCY GRANTS. <br />BE IT ORDAINED by the Council of the City of Portsmouth, Virginia: <br />1. That it accepts two Resiliency Grants in the total amount of $162,487.50 <br />from the Virginia Department of Emergency Management and appropriates said funds in <br />the FY 2020 Grants Fund. <br />2. That it appropriates $54,262.50 from the Storm Water Management Fund <br />Balance to the FY 2020 Storm Water Management Fund Operating Budget <br />3. That it transfers $54,262.50 from the FY 2020 Storm Water Management <br />Fund Budget to the FY 2020 Grants Fund to serve as the required local match for the <br />Resiliency Grants. <br />4. That estimated revenues and expenditures in the FY 2020 Grants Fund are <br />increased by $216,750. <br />5. That the Storm Water Management Fund Balance is reduced by <br />$54,262.50. <br />6. That this ordinance shall take effect on the date of its adoption. <br />ADOPTED by the Council of the City of Portsmouth, Virginia at a meeting held <br />on April 28, 2020. <br />Teste: <br />City Clerk <br />