HomeMy WebLinkAboutSummary FormDate: 7/15/2005
AGENDA ITEM SUMMARY FORM
FILE ID: 05 - 0 01 IA 0
Requesting Department: Community Development
Commission Meeting Date: 7/28/2005 District Impacted:
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Transferring HOME funds to Single Family Rehabilitation Program
Purpose of Item:
AUTHORIZING THE TRANSFER OF HOME INVESTMENT PARTNERSHIPS PROGRAM
("HOME") FUNDS, IN THE AMOUNT OF $1,500,000, FROM THE DISTRICT 5 RESERVE
ACCOUNT; ALLOCATING SAID FUNDS TO THE SINGLE FAMILY REHABILITATION
PROGRAM FOR REHABILIATION ASSISTANCE, AS SPECIFIED IN ATTACHMENT ("A"),
ATTACHED AND INCORPORATED.
Background Information:
• The Administration is requesting the amount of $1,500,000 be transferred to the Single Family
Rehabilitation Program;
• Said funds will be utilized for rehabilitation assistance to homeowners.
Budget Impact Analysis
Is this item related to revenue?
Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No:
Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
Dept. Directo
Chi
Final Approvals
(SIGN AND DATE)
City Manager,
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