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HomeMy WebLinkAboutSummary FormDate: 12/03/2010 AGENDA ITEM SUMMARY FORM FILE 1D: 1 0 ^ of 11 2 5' Law Department Matter ID No. Requesting Department: Community Development Commission Meeting Date: 01/13/2011 District Impacted: 1,2,3,4,5 Type: ® Resolution ❑ Ordinance 0 Emergency Ordinance ❑ Discussion Item ❑ Other Subject: CDBG Funding 2011-2012 Purpose of Item: AUTHORIZING THE ALLOCATION OF PROGRAM YEAR 2011-2012, COMMUNITY DEVELOPMENT BLOCK GRANT ("CDBG") FUNDS, IN THE PROJECTED AMOUNT OF $8,950,890 TO THE ACTIVITIES SPECIFIED IN ATTACHMENT'R.", ATTACHED AND INCORPORATED, BEGINNING APRIL 1, 2011; AUTHORIZING THE CITY MANAGER TO EXECUTE ALL DOCUMENTS FOR SAID PURPOSE(S). Background Information: The U. S. Department of Housing and Urban Development ("HUD") has yet to release the final Community Planning and Development Program Formula Allocations for Program Year 2011, as such; the amount of CDBG funds being recommended is a projection. The Administration recommends allocating said funds to the various activities as specified in Attachment °A" for Program Year 2011-2012 beginning April 1, 2011. . The funding allocation to such activities as specked in Attachment "A", may need to be adjusted once HUD confirms the final CDBG formula allocation for Program Year 2011-2012. .1110 Budget Impact Analysis NO Is this item related to revenue? NO Is this item an expenditure? If so, please identify funding source below. General Account No: Special Revenue Account No: CIP Project No: NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: CIP If using br.receiviak'capital :funds Grants Final Approvals (SIGN AND DATE) Budget Risk Management _ l Purchasing Chief Dept. Director City Manager, Page Iof1