HomeMy WebLinkAboutSummary FormDate: 2/23/2007
AGENDA ITEM SUMMARY FORM
FILE ID: 0-1.� b�M�
Requesting Department: Community Development
Commission Meeting Date: 03/22/2007 District Impacted:
Type: ® Resolution ['Ordinance ❑ Emergency Ordinance ❑ Discussion Item
['Other
Subject: TRANSFER OF CDBG FUNDS TO NANA
Purpose of Item:
AUTHORIZING THE TRANSFER OF COMMUNITY DEVELOPMENT GRANT FUNDS, IN THE
TOTAL AMOUNT OF $58,738.57, FROM BLACK ECONOMIC DEVELOPMENT COALITION, INC,
AS SPECIFIED IN EXHIBIT "A," ATTACHED AND INCORPORATED; ALLOCATING SAID FUNDS,
TO NEIGHBORS AND NEIGHBORS ASSOCIATION, INC, TO PROVIDE TECHNICAL
ASSISTANCE TO BUSINESSES LOCATED IN DISTRICT 5; AUTHORIZING THE CITY MANAGER
TO EXECUTE THE NECESSARY DOCUMENT(S), IN SUBSTANTIALLY THE ATTACHED
FORM(S), WITH SAID ENTITIES, FOR SAID PURPOSES
Background Information:
Pursuant to Resolution No. 04-0378, adopted June 10, 2004, the City Commission approved
allocating the amount of $40,000 to Black Economic Development Coalition, Inc. to provide technical
assistance to private for profit entities
Pursuant to Resolution. No. 06-0371, adopted June 8, 2006, the City Commission approved
allocating the amount of $150,000 to Neighbors and Neighbors Association, Inc., ("NANA") and the
amount of $50,000 to Black Economic Development Coalition, Inc. to provide technical assistance to
private for profit entities
The Administration is recommending the transfer of CDBG funds, in the total amount of
$58,738.57, from Black Economic Development Coalition, Inc., as specified in Exhibit "A", attached
and incorporated and allocated said funds to Neighbors and Neighbors Association, Inc., ("NANA") to
provide technical assistance to businesses located in District 5
Businesses currently being assisted by Black Economic Development Coalition, Inc will be
transferred to Neighbors and Neighbors Association, Inc., for assistance
C1P
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?
Final Approvals
(SIGN AND DATE)
Budget
Griusing or receiving capital funds Risk Managenneit
Purchasing Dept. Director''')::'1
Chief City Manager
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