Sponsor
Alderman Shakoor
Title
Approval of 2010 Community Development Block Grant (CDBG) Funding Allocation and appropriate city officials be authorized to execute all necessary documents
Resolved, that the 2010 Community Development Block Grant (CDBG) funds be allocated as shown on the attachment.
Further resolved, that any funds in excess of those allocated be placed in the Local Option Fund and that any funding shortfall be compensated from the Local Option Fund.
Further resolved, that the appropriate city officials be authorized and directed to execute the appropriate documents to secure the grant funding.
Further resolved, that the appropriate city officials be authorized to execute third-party agreements with agencies and organizations approved for use of the funds.
Fiscal Note: A grant award of $2,100,000 is expected.