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06-2370
| A | | Request of OIC of Racine County, Inc. to amend its 2005 Community Development Block Grant agreement. | Application | 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. | Deferred | Pass |
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06-2305
| A | | Allocation of 2007 Community Development Block Grant (CDBG) funds. | Application | Subject: Allocation of 2007 Community Development Block Grant (CDBG) funds.
Recommendation of Community Development Committee of 10-05-06: To approve the recommended allocation of 2007 Community Development Block Grand funds, to place in the Local Option Fund any funds received in excess of those allocated; to reduce the Local Option Fund accordingly if the funds received are less than those allocated; to authorize and direct the appropriate City officials to execute and submit the appropriate documents on the City's behalf to the U.S. Department of Housing and Urban Development to secure the City's 2007 Community Development Block Grand funds; and to authorize the appropriate City officials to execute third-party contracts with agencies approved for use of 2007 Community Development Block Grant funds.
Fiscal Note: The City expects to receive a 2007 Community Development Block Grant of no less than $2,007,000. | | |
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