HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
FILE ID: 07 d )9 L)0
Date: 10/18/2007
Requesting Department: Community Development
Commission Meeting Date: 12/13/2007 District Impacted:
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: TRANSFERRING FUNDS TO NANA FOR THE 33RD PROGRAM YEAR
Purpose of Item:
AUTHORIZING THE TRANSFER OF 32ND YEAR COMMUNITY DEVELOPMENT BLOCK GRANT
(CDBG) FUNDS, IN THE TOTAL AMOUNT OF $52,250.61, FROM NEIGHBORS AND NEIGHBORS
,ASSOCIATION, INC. (NANA); ALLOCATING SAID FUNDS TO NEIGHBORS AND NEIGHBORS
ASSOCIATION, INC. (NANA), FOR THE 33RD PROGRAM YEAR, AS SPECIFIED IN EXHIBIT "A,"
ATTACHED AND INCORPORATED, TO PROVIDE TECHNICAL ASSISTANCE TO FOR -PROFIT
BUSINESSES; FURTHER AUTHORIZING THE CITY MANAGER TO EXECUTE AN AMENDMENT,
IN SUBSTANTIALLY THE ATTACHED FORM, TO THE EXISTING AGREEMENT, WITH SAID
AGENCY FOR SAID PURPOSE.
Background Information:
PLEASE SEE ATTACHED
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:
P Project No:
nded by Homeland Defense/Neighborhood Improvement Bonds?
Start URCapital Cost:
Maintenantce Cost:
Total Fiscal Impact:
Dept. Director4
Chief \\,.l ,
Final Approvals
(SIGN AND DATE)
�(410
City Manager
Page 1 of 1
AGENDA ITEM SUMMARY FORM CONTINUED
Background Information:
Pursuant to Resolution No. 07-0170, adopted March 22, 2007, the City Commission approved the
allocation in the amount of $58,738.57, from Black Economic Development Coalition, Inc. to
Neighbors and Neighbors Association, Inc., (NANA), to provide technical assistance to businesses
located in District 5.
Pursuant to Resolution No. 07-0299, adopted June 12, 2007, the City Commission approved
correcting Resolution No. 07-0170, by changing the allocated amount from $58,738.57, to the correct
amount of $52,250.61,
Pursuant to Resolution No. 07-0315, adopted June 12, 2007, the City Commission approved the
allocation of 33`d program year CDBG funds, in the amount of $200,000 to NANA.
The second amendment for the 32nd yr. contract was not executed due to the fact that the funds were
approved late in the year and NANA did not have the opportunity to utilize the funds, prior to the
closing of the fiscal year.
NANA requested the transfer of the 32nd year CDBG funds, in the amount of $52,250.61, to the 33`d
year contract, to provide technical assistance to for profit businesses and micro -enterprises.