Fiscal Note
The Common Council previously authorized the amendment of the adopted CDBG Operating Budget to recognize an additional $534,096 in Federal CDBG-R revenues and commensurate expenditure authority (RES-09-00509, Legistar ID # 14747). This Resolution provides for the approval of $480,687 to be expended for specific contracts with non-profit providers or for profit providers. ($53,409 will be retained in CDBG for administrative expense.)
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AMENDED SECOND SUBSTITUTE - Approving specific projects to be funded using the City of Madison’s Community Development Block Grant-Recovery (CDBG-R) program funds based on an RFP process previously approved and also authorizing the Mayor and City Clerk to sign agreements with Operation Fresh Start, Inc. for $167,059 $269,184, Common Wealth for $33,350, Higher Ground Urban Farm for $106,050, and YWCA of Madison, Inc. for $38,455, and Dane County Housing Authority for $33,648.and amending the 2009 operating budgets of CDBG and the Office of the Director of Planning and Community and Economic Development to provide for $102,125 in additional hourly salary and benefit expenditures and offsetting revenue. various agencies to implement projects. Projects proposed by area agencies will be reviewed and approved by the CDBG Committee and recommended to the Board of Estimates. Projects will be implemented in four categories targeting low and moderate income individuals: housing rehabilitation and preservation; economic development services; foreclosure prevention, counseling, and referral services; and job development and placement services.
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BACKGROUND:
The American Recovery and Reinvestment Act of 2009 provides $534,096 to the City for the Community Development Block Grant-Recovery (CDBG-R) program for the purpose of providing community development assistance for projects that assist low or moderate income households while creating and or retaining jobs and providing long-term benefits to the City of Madison. ...
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