Fiscal Note
This Resolution proposes to amend the Community Development Division's 2021 Adopted Operating Budget to recognize receipt of additional CARES Act (CDBG-CV2) grant revenues in the form of a pass-thru allocation via the State of Wisconsin Department of Administration, along with their commensurate expenditures, as follows:
· Revenue: +$493,376.92
· Purchased Services: +$493,376.92
This Resolution also authorizes the Mayor and City Clerk to execute agreements with nonprofit agencies to provide eligible public service activities using the additional CDBG-CV funds.
Title
Authorizing the City of Madison to accept a pass-thru CDBG-CV grant award of up to $493,377 from the State of Wisconsin Department of Administration; authorizing the Mayor and City Clerk to execute agreements with agencies to provide public service activities using the CDBG-CV funds; and amending the Community Development Division's 2021 Adopted Operating Budget to reflect receipt of these funds and commensurate expenditures.
Body
BACKGROUND
In March 2020, Congress passed and the President signed the Coronavirus Aid, Relief and Economic Security Act ("CARES Act"), which provided critical supplemental funding to communities in their local response efforts to the COVID-19 pandemic. As part of its direct allocation of CARES Act funds via HUD's Office of Community Planning and Development (CPD), the City of Madison was awarded $1,160,897 in supplemental Community Development Block Grant ("CDBG-CV") funds to help prevent, prepare for and respond to the coronavirus.
In May 2020, HUD announced that State government grantees would receive direct allocations from a second tranche of these supplemental CDBG-CV grant funds ("CDBG-CV2"). The State of Wisconsin was awarded $16,979,300 in CDBG-CV2 funds, a portion of which the State has decided will be sub-allocated as pass-thru awards to current CDBG Entitlement communities. Through this State sub-allocation process, the City of Madison will rece...
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