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Date: 4-22-2016
AGENDA ITEM SUMMARY FORM
FILE ID: 16-00590
Law Department
Matter ID No.
Requesting Department: Community & Economic Development
Commission Meeting Date: 06-09-2016 District Impacted: 1,2,3,4,5
Type: Z Resolution ❑ Ordinance ❑ Emergency Ordinance n Discussion Item
❑ Other
Subject: DE -OBLIGATION OF CDBG FUNDS FY: 2015-2016
Purpose of Item:
AUTHORIZING THE DE -OBLIGATION OF COMMUNITY DEVELOPMENT BLOCK GRANT
FUNDS, FROM THE AGENCIES AND/OR ACTIVITIES, AS SPECIFIED IN EXHIBIT "A", IN THE
TOTAL AMOUNT OF $416,420.40 ALLOCATING SAID FUNDS AS DESCRIBED IN EXHIBIT "B",
ATTACHED AND INCORPORATED; AUTHORIZING THE CITY MANAGER TO EXECUTE THE
NECESSARY_ DOCUMENTS,_ IN A FORM ACCEPTABLE TOTHE _CIT_YATTORNEY, ..FOR SAID
PURPOSE(S).
Background Information:
Please see attached
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: $416,420.40
Final Approvals
(SIGN AND DATE)
CIP Budget L
If using or receiving eapital funds
Grants Risk Management
D t. Director
4 "City Manager
Page 1 of 1
AGENDA ITEM SUMMARY FORM CONTINUED
Background Information:
Community Development Block Grant ("CDBG") funds were allocated to the agencies and/or
activities as specified in Exhibit "A", attached and incorporated, in the total amount of $416,420.40.
These agencies will no longer use the remaining balances or the activities did not start and as such
these balances/funds need to be de -obligated and reallocated to be in compliance with HUD
regulations.
The Administration recommends the de -obligation of CDBG funds, in the total amount of
$416,420.40, from the agencies and/or activities specified in Exhibit "A" allocating said funds as
described in Exhibit "B" attached and incorporated.