Minutes 05/12/2009 - Laserfiche WebLink

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May 12. 2009 Next Steps Following Council Action: . The City Manager has ultimate responsibility and authority for the implementation of the Capital Improvement Program. The Chief Financial Officer has day-to-day responsibility for ensuring the CIP is spent as appropriated by City Council. Motion by Mr. Heretick, and seconded by Ms. Psi mas, to adopt the following ordinance, and was adopted by the following vote: "ORDINANCE TO APPROPRIATE $22,139,999 IN THE FY 2009-2010 CAPITAL IMPROVEMENT FUND AND $20,366,535 IN THE FY 2009-2010 PUBLIC UTILITIES CAPITAL IMPROVEMENT FUND." Ayes: Heretick, Moody, Psi mas, Randall, Smith, Whitehurst, Holley Nays: None 09 - 261 - Adoption of a resolution approving the 5-Year Consolidated Plan (CP) for Housing and Community Development Programs for Federal Fiscal Years 2009 to 2013 and the Annual Action Plan for Federal Fiscal Year 2009 (City 2010) and to authorize the City Manager to submit the plans to the US Department of Housing and Urban Development (HUD) by May 15, 2009. Vision Principle: A Robust and Prospering Economy. Background: . The City prepared the 5-Year CP in order to strategically implement federal funding programs that support housing, community and economic development activities within Portsmouth. HUD intends that communities develop a comprehensive vision that encompasses affordable housing, adequate infrastructure, fair housing, enhancement of civic design, vigorous economic development combined with human development and a continuum of care for helping the homeless. . For each of the five years covered by the CP, the City prepares an Annual Action Plan detailing how the resources made available will be used to implement the goals outlined in the 5-Year CPo FY 2010 (FFY 2009), which runs July 1, 2009 through June 30, 2010, is the first plan of the five-year cycle. . The City of Portsmouth will receive funds through the Community Development Block Grant Program (CDBG) and HOME Investments Partnership Program (HOME). The financial resources the City expects to have available during the FY 2010 program year include a CDBG entitlement grant of $1,744,434, projected program income of $122,000, and reprogrammed prior year funds of $400,000 (total $2,266,434). The City will have available a HOME entitlement grant of $705,492, program income of $100,000, reprogrammed prior year funds of $148,885, and prior year program income of $351 ,067 (total $1,305,444). Discussion: . The Department of Planning requests adoption of the 5-Year CP and the FY 2009 Annual Action Plan to and to authorize the City Manager to submit the plans to HUD allowing the City of Portsmouth to receive its CDBG and HOME entitlements. Financial Impact: . Funds will be available for undertaking the priorities established by the 5-Year CP and in agreement with the statutory purposes of the CDBG and HOME programs. . There is no matching fund requirement for CDBG funds. HOME funds require a match contribution of not less than 12.5% of the HOME funds drawn. Staff Recommends: . Approve adoption of the 5-Year CP and the FY 2009 Annual Action Plan and to authorize the City Manger to submit the plans to HUD. Vision Principle: A Robust and Prospering Economy.