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Subject: Communication from the Director of City Development requesting an allocation of Community Development Block Grant funds for maintenance and disposition of the former Southside Revitalization Corporation properties.
Recommendation of the Community Development Committee on 6-14-07: To allocate $47,000 from the Local Option Fund to the Department of City Development for expenses associated with acquiring the real estate assets of the Southside Revitalization Corporation.
Fiscal Note: The funds are available in the Local Option Fund.