HomeMy WebLinkAboutSummary FormFILE ID:
Date: 12-11-2016
Commission Meeting Date: 01-28-2016
Type: X Resolution
II
Other
AGENDA ITEM SUMMARY FORM
15-01642
Law Department
Matter ID No.
Requesting Department: Community & Economic Development
District Impacted: 1,2,3,4,5
Ordinance Emergency Ordinance
Subject: Allocation of CDBG Program Income
Purpose of Item:
Discussion Item
AUTHORIZING THE ALLOCATION OF PROGRAM INCOME FROM COMMUNITY
DEVELOPMENT BLOCK GRANT ("CDBG") FUNDS, GENERATED FROM AUGUST 19th ,2015 TO
NOVEMBER 30th,2015 IN THE AMOUNT OF $1,016,674.57 AS SHOWN IN ATTACHMENT "A",
ATTACHED AN INCORPORATED; AUTHORIZING THE CITY MANAGER TO EXECUTE ALLTHE
NECESSARY DOCUMENT(S), FOR SAID PURPOSE(S).
Background Information:
Please see attachment
Budget Impact Analysis
NO Is this item related to revenue?
YES Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No: TO BE DETERMINED
CIP Project No:
NO Is this item funded by homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact: $1,016,674.57
Final Approvals
(SIGN AND DATE)
CIP Budget
If using or receiving capital funds
Grants Risk Management
Purchasing Dept. Director
Chief City Manager
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AGENDA ITEM SUMMARY FORM CONTINUED
Background Information:
The Department of Community and Economic Development receives various types of repayments
from loans provided to developers and homeowner in the past. Such funds, referred to as program
income, are required to be used for eligible program activities.
The Department annually estimates such program income and includes the eligible portion for
program administration in its annual budget.
Between August 19th, 2015 to November 30th, 2015 the Department of Community and Economic
Development has collected an amount of $1,016,674.57 in CDBG program income.
Pursuant to CDBG regulations 24 CFR Part 570.504, program income must be used for eligible
CDBG activities.
The Fire -Rescue Department continues to need funding for fire equipment for low and moderate
income areas of the City.
Due to the decrease of available Community Development Block Grant (CDBG) funds, all Public
Service agencies need additional funds to serve low-income families.
The City Administration recommends the allocation of the total program income from CDBG funds
generated from August 19th,2015 to November 30th, 2015 in the amount of $1,016,674.57 to the
activities specified in Attachment "A".