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HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM Law Department Matter Ill No. FILE Ill: 15-01644 �. Date: 12-07-2015 Requesting Department: Community & Economic Develoneat Commission Meeting Date: 01-28-2016 District Impacted: 1,2,3,4,5 Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item ❑ Other Subject: CDBG Funding: Program Category 2016-2017 Purpose of Item: AUTHORIZING THE ALLOCATION OF PROGRAM YEAR 2016-2017, COMMUNITY DEVELOPMENT BLOCK GRANT ("CDBG") FUNDS, IN THE PROJECTED AMOUNT OF $4,768,648 FOR PROGRAM YEAR 2016-2017 ALLOCATION AND $120,000 IN PUBLIC SERVICE FROM PRIOR YEAR PROGRAM INCOME FOR A TOTAL OF $ 4,888,648 TO THE ACTIVITIES SPECIFIED IN ATTACHMENT"A", ATTACHED AND INCORPORATED, BEGINNING APRIL 1, 2016; AUTHORIZING THE CITY MANAGER TO EXECUTE ALL DOCUMENTS FOR SAID PURPOSE(S). Background Information: Please see attached 1 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 o:NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: $4,888,648 Final Approvals (SIGN AND DATE CIP If rising or receiving capital funds Grants Purchasing Chief �' 7-S1 AJ Budget 2 /? Risk Management Dept. Director City Manager l ` r Page 1 of 1 AGENDA ITEM SUMMARY FORM CONTINUED Background Information; The U, S. Department of Housing and Urban Development ("HUD") has yet to release the final Community Planning and Development Program Form ula�Allocations for Program Year 2016, 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 2016-2017 beginning April 1, 2016.