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HomeMy WebLinkAboutSummary FormDate: 5/08/2007 AGENDAITEM SUMMARY FORM FILE ID: Vl - on b 6 Requesting Department: Community Development Commission Meeting Date: 6/12/2007 District Impacted: Type: Z Resolution ❑ Ordinance 0 Emergency Ordinance ❑ Discussion Item 0 Other Subject: ALLOCATION OF CDBG FUNDING BY PROGRAM CATEGORIES Purpose of Item: AUTHORIZING THE ALLOCATION OF COMMUNITY DEVELOPMENT BLOCK GRANT ("CDBG") FUNDS BY PROGRAM CATEGORIES, IN THE AMOUNT OF $8,438,887 TO THE VARIOUS ACTIVITIES, AS SPECIFIED IN ATTACHMENT"A", ATTACHED AND INCORPORATED, FOR THE 33RD PROGRAM YEAR, BEGINNING OCTOBER 1, 2007. Background Information: U.S. HUD has advised the City that CDBG funding, in the amount of $8,438,887, for Fiscal Year 2007-2008, is available for distribution. Any future program income will be utilized for single family homes including rehabilitation and code enforcement activities. 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. Direc Chief Final Approvals (SIGN AND DATE) City Manager Page 1 of 1