Title
RESOLUTION REPROGRAMMING FUNDS FROM THE 2014 PROGRAM YEAR IN THE AMOUNT OF $10,000.00, and $80,877.24 FROM PRE-2015 UNCOMMITTED HOME FUNDS FOR A TOTAL OF $90,877.24.
Body
CITY PROPOSAL:
Resolved, that the city council transfers $50,287.00 to the Jay Street Project and $40,590.24 to the HRA from 2014 Program Year unspent funds and from Pre-2015 Program Years Uncommitted Funds.
2014 HOME Program Fund 260, Agency 020, Object 5434, Project CD14HM
Sub- Project Activity Project Amount New Grant Difference
HOUS CH14-6905 One Roof $20,000.00 $10,000.00 ($10,000.00)
PRE 2015 Uncommitted Fund, Project Various $(80,877.24)
Total $(90,877.24)
2016 HOME Program Fund-Fund 260, Agency 020, Object 5434, Project CD16HM
Sub- Project Activity Project Amount New Grant Difference
HOUS CH16-6915 One Roof $124,444.00 $174,731.00 $50,287.00
HOUS GN16-173B HRA $42,518.00 $83,108.24 $40,590.24
Total $90,877.24
Statement of Purpose
STATEMENT OF PURPOSE: The additional $80,877.24 HOME funds were discovered when HUD implemented an audit of their funding computer software nationwide (Integrated Disbursement Information System, aka IDIS). The IDIS system has generated reports showing this amount and the report states if the funds are not committed by June 20, 2017, the city of Duluth will not be able to access these funds. City staff has discussed this amount and process with the HUD representatives and have been directed to commit these funds as soon as possible. The Jay Street project had initially been committed with $30,287.00 in CDBG and $51,944.00 in HOME funds (for a total amount of $82,231.00), however none of the CDBG funds have been spent, therefore the allocated CDBG amount is available to be transferred from the Jay Street project to another CDBG project in a separate resolution. Recently, One Roof informed staff that there were environmental clean-up costs for the Jay Street project; therefore, an additional $20,0...
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