Title
Approval of Community Development Block Grant (CDBG) Program Year 2015 Action Plan Amendments
Recommended Action
Committee Recommendation:
Move to approve the proposed amendments to the Community Development Block Grant (CDBG) Program Year 2015 Action Plan.
City Manager Recommendation:
Move to approve the proposed amendments to the Community Development Block Grant (CDBG) Program Year 2015 Action Plan.
Report
Issue:
Whether to approve the proposed amendments to the City's Program Year 2015 Action Plan (Sept. 2015 - Aug. 2016).
Staff Contacts:
M. Anna Schlecht, CDBG Program Manager, Community Planning & Development 360.753.8183
Leonard Bauer, Deputy Director, Community Planning & Development, 360.753.8206
Presenter(s):
None - Consent Calendar Item.
Background and Analysis:
CDBG Program Year 2015 Amendment:
The City Council adopted the CDBG Program Year 2015 (PY15) Action Plan in July 2015. Since that time, additional project opportunities have become available that can be funded within PY2015. In addition, the City must increase its expenditures in PY 2015 to meet federal regulations requiring the timely expenditure of funds to ensure that tax monies are not "banked" indefinitely for the future (see further explanation of CDBG regulations below). Due to receipt of greater-than-expected repayments of past loans and other unexpended projects, the City's CDBG program must expend at least $510,513 by June 30, 2016 to meet this requirement.
These two factors result in the recommendation to consider amending the existing PY15 Action Plan as shown in the attached Matrix of Proposed CDBG Amendments.
Two of the recommended amendments would be for additional funding to existing CDBG activities:
* $130,650 repayment of the City's Section 108 Loan, which funded the Downtown Improvement Project (Alley Lighting and ADA Sidewalk Improvements). This amendment would make an additional $65,650 payment, and also corrects the current...
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