Fiscal Note
HUD's Approval of the Substantial Amendment means that the City will receive $817,092 in additional federal funds. Up to 5% is available to the CDBG Office and sub-grantee for administrative costs; the balance will be contracted with a non-profit agency selected as part of an RFP process. Funding and expenditures are not currently included in the CDBG Adopted Operating budget; therefore, an amendment to the budget is required, as follows:
$817,092 SC01 54920 260000 (Community Agency Contract Expenditures)
($817,092) SC01 73113 260000 (HUD Grant Revenues)
Title
Stimulus funds for approving the City's Substantial Amendment to the Community and Neighborhood Development Consolidated One Year Action Plan (2008); authorizing the Mayor and City Clerk to sign the amendment as a condition for receiving HUD Homelessness Prevention and Rapid Re-Housing Program funds and amending the adopted CDBG operating budget to recognize $817,092 in federal revenues and commensurate expenditure authority and authorizing the CDBG Office to issue a request for proposals for services.
Body
WHEREAS, the American Recovery and Reinvestment Act of 2009 provides $817,092 to the City for the Homeless Prevention and Rapid Re-Housing Program for the purpose of providing financial assistance, housing relocation and housing stabilization services for persons who are homeless or who are at risk of homelessness;
WHEREAS, the City's Community and Neighborhood Development Consolidated One Year Action Plan (2008) sets forth the housing, economic development and neighborhood activities of the CDBG Office using federal, state and city funds;
WHEREAS, the amendment to this Plan allows the CDBG Office to expend Homeless Prevention and Rapid Re-Housing Program funds to some homeless persons and those at risk of homelessness;
WHEREAS, the CDBG Office, will prepare a request for proposals for the purpose of contracting with a non-profit agency to provide eligible services using these funds;
NOW, THEREFORE, BE IT RESOLVED that the Common Council approve the Substantial Amendment to the Community and Neighborhood Development One Year Consolidated Plan Action Plan (2008), authorize the Mayor and City Clerk to sign the amendment and amend the adopted CDBG Operating Budget to recognize an additional $817,092 in federal revenues and commensurate expenditure authority; and authorize the CDBG Office to issue a request for proposal for services.