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Date: 4/20/2006
AGENDA ITEM SUMMARY FORM
FILE ID: p 6- 00 $ 6
Requesting Department: Community Development
Commission Meeting Date: 6/8/2006 District Impacted:
Type: ® Resolution ❑ Ordinance ['Emergency Ordinance ['Discussion Item
❑ Other
Subject: SHIIP FUNDING 2006-2007
Purpose of Item:
AUTHORIZING THE ACCEPTANCE OF STATE HOUSING INITIATIVES PARTNERSHIP FUNDS
("SHIP"), IN THE AMOUNT OF $2,048,541, FOR HOUSING ACTIVITIES, NOT LIMITED TO
SINGLE FAMILY REHABILITATION, SINGLE FAMILY REPLACEMENT HOMES, THE
HOMEBUYERS FINANCING PROGRAM AND THE HOMEOWNERSHIP DEVELOPMENT
PROGRAM, FOR THE IMPLEMENTATION OF THE LOCAL HOUSING ASSISTANCE PLAN AND
THE AMOUNT OF $227,616 FOR THE ADMINISTRATION, FOR THE TOTAL AMOUNT OF
$2,276,157, FOR FISCAL YEAR 2006-2007; AUTHORIZING THE CITY MANAGER TO EXECUTE
THE NECESSARY DOCUMENTS, FOR ACCEPTANCE OF SAID FUNDS
Background Information:
It is projected that the State Housing Initiatives Partnership ("SHIP") funding for Fiscal Year 2006-
2007 will be in the amount of $2,276,157
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 thls item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
Final Approvals
(SIGN AND DATE)
Dept. Direct°
Chie 41 City Manager
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