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HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM Law Department Matter ID No. FILE ID: C)lf ` 2 f r��6Gi Date: 10/22/2009 Requesting Department: Community Development Commission Meeting Date: 11/19/2009 District Impacted: 1,2,3,4,5 Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item ❑ Other Subject: TRANSFER OF COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS TO THE SINGLE FAMILY REHABILITATION PROGRAM Purpose of Item: AUTHORIZING THE TRANSFER OF COMMUNITY DEVELOPMENT BLOCK GRANT ("CDBG") HOUSING ACTIVITIES FUNDS, IN THE AMOUNT OF $500,000; ALLOCATING SAID FUNDS TO THE SINGLE FAMILY REHABILITATION PROGRAM, AS SPECIFIED IN EXHIBIT "A", ATTACHED AND INCORPORATED, FOR REHABILITATION OF SINGLE FAMILY HOMES FOR LOW TO MODERATE INCOME HOMEOWNERS; AUTHORIZING THE CITY MANAGER TO EXECUTE ALL NECESSARY DOCUMENTS FOR SAID PURPOSE. Background Information: Please see attached Budget Impact Analysis NO Is this item related to revenue? NO Is this item an expenditure? If so, please identify funding source below. General Account No: Special Revenue Account No: CIP Project No.- NO o:NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: CIP If using or receiving capital funds Grants Purchasing Chief Final Approvals (SIGN AND DATE) Budget Risk Man Dept. Dir City Man Page 1 of I AGENDA ITEM SUMMARY FORM CONTINUED Background Information: The Department of Community Development has established a Code Compliance Program in the City to assist in revitalizing low and moderate income neighborhoods of the City. The Single Family Rehabilitation Program provides eligible low and moderate income homeowners with up to $35,000 to repair and bring their properties to code. The Administration is requesting the amount of $500,000 be transferred to the Single Family Rehabilitation Program, as indicated in Exhibit "A", attached and incorporated;