Title
RESOLUTION AUTHORIZING TRANSFER OF $52,510.42 IN 2010, 2011 AND 2012 CDBG FUNDS AND AMENDMENTS TO THE 2014 CDBG PROGRAM UDAC BUILDING REFORMATION GRANT AGREEMENT; INCREASING THE FUNDING OF THE AGREEMENT.
Body
CITY PROPOSAL:
RESOLVED, that the proper city officials are hereby authorized to enter into an amendment to CDBG Agreement 22231 with Udac, Inc., increasing the amount payable thereunder from $250,000 to $302,510.42.
2010 CDBG Program
Fund 262, Agency 020, Object 5434, Project CD10CD
Project Activity Original Budget New Grant Difference
PFAC-PF02 Memorial Park CC $250,000 $247,500 ($2,500)
2011 CDBG Program
Fund 262, Agency 020, Object 5434, Project CD11CD
Project Activity Original Budget New Grant Difference
PFAC-PF04 Street Assess Assist $84,000.00 $83,989.58 ($10.42)
2012 CDBG Program
Fund 262, Agency 020, Object 5434, Project CD12CD
Project Activity Original Budget New Grant Difference
PFAC-PF02 Lincoln Pk School $50,000 $0 ($50,000)
2014 CDBG Program
Fund 262, Agency 020, Object 5434, Project CD14CD
Project Activity Original Budget New Grant Difference
PFAC-PF04 UDAC Building Ref $250,000.00 $302,510.42 $52,510.42
Statement of Purpose
STATEMENT OF PURPOSE: The purpose of this resolution is to increase the Fiscal Year 2014 project funding by $52,510.42 for the Udac building reformation project. Udac, Inc., has requested additional program assistance for their facility project that serves low income individuals in hillside neighborhood. These funds will help complete the project that has exceeded original projections.
The funding will come from three completed projects. The Lincoln Park School redevelopment project was removed from the 2012 annual action plan and a community development committee public hearing was held on May 26, 2015. Also, the Memorial Park Community Center project and the street assessment assistance project both had unused funds to be reprogrammed.