Title
Subject: Request of OIC of Racine County, Inc. to amend its 2005 Community Development Block Grant agreement.
Recommendation of Community Development Committee of 10-05-06: To reduce the 2005 Community Development Block Grant funding of the Youthbuild project to $92,993.12 and return the balance to the Local Option Funds; to reserve $31,241.12 pending an agreement between OIC of Racine County and the City of Racine regarding the special assessments owed on 1146 South Memorial Drive; to allocate $1,752.00 for professional services; and to reserve $60,000.00 pending submission and approval of a 2006-2007 Youthbuild project plan including all funding sources and proposed uses of the funds.
Fiscal Note: Seventy-seven thousand six and 88/100 dollars ($77,006.88) will be returned to the Local Option Fund.