...Title
Actions Related to the Substantial Amendment to FY 2017-2018 Annual Action Plan for the Use of Funds from the U.S. Department of Housing and Urban Development.
...Recommendations
(a) Hold a Public Hearing and take public comment on the proposed Substantial Amendment to the Fiscal Year 2017-2018 Annual Action Plan to:
(1) Reallocate approximately $650,000 in grant funding;
(2) Recognize an additional $200,000 in program income and commit $115,000 of it; and
(3) Funds for these changes will be made available by taking the following actions:
(i) Decrease the CDBG fund allocation for Legal Services from $530,000 to $30,000.
(ii) Decrease the CDBG fund allocation for Place-Based Street and Infrastructure Enhancements from $1,830,000 to $1,680,000.
(iii) Increase the CDBG fund allocation for Revenues by $200,000.
(b) Adopt a resolution approving the proposed Substantial Amendment for submission to the U.S. Department of Housing and Urban Development.
(c) Adopt the following 2017-2018 Appropriation Ordinance and Funding Sources Resolution amendments in the Community Development Block Grant Fund:
(1) Increase the estimate for Revenue from the Use of Money/Property by $200,000;
(2) Decrease the Housing Rehabilitation Loans and Grants Appropriation to the Housing Department by $150,000;
(3) Increase the Housing Emergency and Minor Repair Program appropriation to the Housing Department by $515,000; and
(4) Decrease Ending Fund Balance by $165,000.
(d) Adopt the following 2017-2018 Appropriation Ordinance amendments in the HOME Invest Partnership Fund:
(1) Decrease the Housing Loans and Grants appropriation to the Housing Department by $68,000; and
(2) Increase Ending Fund Balance by $68,000.
CEQA: Not a Project, File No. PP17-004, Government Funding Mechanism or Fiscal Activity with no commitment to a specific project which may result in a potentially significant physical impact on the environment. (Housing/City Manager)