Minutes 11/12/2013 - Laserfiche WebLink

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November 12, 2013 - City Manager's Report - 13 - 459 -Adoption of an ordinance accepting an additional $59,839.28 of Community Development Block Grant (CDBG) program funds and accepting $10,056 of CDBG Program Income and $118,087 of HOME Investment Partnerships Program Income and appropriating said amounts in the FY 2013-14 Community Planning and Development Program Fund. Vision Principle: Neighborhoods and a Sense of Community. Background: • As part of the FY 13-14 budget adoption process, the City's budget was approved with expected HUD entitlements and expected program income for both the CDBG and HOME programs. • As part of the FY 13-14 budget adoption process, the City expected a CDBG entitlement of $1,351,678.05. For the HOME program, the City expected a HOME program entitlement of $80,820.67. Total funds expected was $1,432,498.72 Discussion: • The US Department of Housing and Urban Development (HUD) announced the allocation for CDBG and HOME after completion of budget. The allocation of CDBG is $1,452,052.00. The allocation of HOME is $40,286.00. Total funds awarded by HUD to the City is $1,492,338.00, which is $59,839.28 more than expected. • The FY 12-13 budget year closed on June 30, 2013. As part of the end of year reconciliation and close out process, a total of $10,056.00 in Program Income has been receipted in the CDBG program and a total of $118,087.00 in Program Income has been receipted in the HOME program. • The additional program income needs to be appropriated by City Council. Financial impact: • Because of the very small dollar amounts, the funds will support activities in the existing Annual Action Plan and there will be no impact to service delivery. • These changes will ensure consistency between the actual revenue received and the adopted City's budget. Recommended Action: • Adoption of the ordinance. Vision Principle: Neighborhoods and a Sense of Community. Next Steps Following Council Action: • The funds are approved and available upon authorization of the appropriation. Motion by Ms. Psimas, and seconded by Mr. Moody, to adopt the following ordinance, and was adopted by the following vote: "ORDINANCE ACCEPTING AN ADDITIONAL $59,839.28 OF COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) PROGRAM FUNDS, $10,056 OF CDBG PROGRAM INCOME, AND $118,087 OF HOME INVESTMENT PARTNERSHIPS PROGRAM INCOME AND APPROPRIATING SAID AMOUNTS IN THE FY 2013-14 COMMUNITY PLANNING AND DEVELOPMENT PROGRAM." Ayes: Cherry, Edmonds, Meeks, Moody, Psimas, Randall, Wright Nays: None 13 - 460 -Adoption of an ordinance to accept a Virginia Litter and Recycling Grant in the amount of $16,783 from the Virginia Department of Environmental Quality and to appropriate said funds in the FY 2013-14 Grants Fund. Vision Principles: Neighborhoods and a Sense of Community and Quality of Life.