Title
Subject: A communication from the Director of City Development requesting an advance of city funds to Community Development Block Grant and Emergency Shelter Grant programs to allow the City reimbursement to the grantee in anticipation of receipt of funds from the U.S. Department of Housing and Urban Development. (Res.09-1585)
Recommendation of the Finance & Personnel Committee on 08-24-09: Permission be granted for the City to advance funds to the Community Development Block Grant and Emergency Shelter Grant programs in the amount up to $1,000,000 and the Committee be informed when the U.S. Department of Housing and Urban Development releases the awarded money to the City.
Fiscal Note: There are sufficient funds available for the advancement.