Title
Subject: (Direct Referral) Proposed allocation of 2013 Community Development Block Grant (CDBG), HOME Housing Investments Partnerships Program (HOME), and Emergency Solutions (ESG) funding. (Res. No. 12-3476)
Recommendation of the Community Development Committee on 12-6-12: That the recommended allocation of the 2013 Community Development Block Grant, HOME Housing Investment Partnerships Program and Emergency Solutions Grant Funding be approved.
Further that funds received in excess of those allocated be placed in the Local Option Fund and that the Local Option Fund be reduced if funds received are less than those allocated.
Further that the appropriate city officials be authorized and directed to execute and submit the appropriate documents on the city's behalf to the U.S. Department of Housing and Urban Development to secure funding.
Further that the appropriate city officials be authorized to execute third-party contracts with agencies approved for the use of the funds.
Fiscal Note: The approval will allocate $1,608,030 in CDBG funds, $125,600 in ESG funds and $609,154 in HOME program funds.