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HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM FILE ID: Date: 11/08/2011 oq Law Department Matter ID No. Requesting Department: Community Development Commission Meeting Date: 12/08/2011 District Impacted: 1,2,3,4,5 Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item ❑ Other Subject: CDBG Funding 2012-2013 Purpose of Item: AUTHORIZING THE ALLOCATION OF PROGRAM YEAR 2012-2013, COMMUNITY DEVELOPMENT BLOCK GRANT ('`CDBG") FUNDS, IN THE PROJECTED AMOUNT OF $7,503,156 TO THE ACTIVITIES SPECIFIED IN ATTACHMENT"A", ATTACHED AND INCORPORATED, BEGINNING APRIL 1, 2012; 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 2012, 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 2012-2013 beginning April 1, 2012. The funding allocation to such activities as specified in Attachment"A", may need to be adjusted once HUD confirms the final CDBG formula allocation for Program Year 2012-2013. 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: Final Approvals (SIGN AND DATE) CIP Budget If using or receiving capital funds Grants Risk Management Purchasin Cbie Dept. Director /City Manager Page 1 of 1