AgdaPkt 2006-04-24 - Laserfiche WebLink

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8A Page 1 REPORT To the Honorable Mayor and City Council From the City Manager April 24, 2006 Subject Annual Action Plan to the Consolidated Plan for FY 2006/07 Recommendation 1. Adopt a resolution approving the Annual Action Plan and authorizing the City Manager to execute and file documents related to the Annual Action Plan for submittal to the U.S. Department of Housing and Urban Development; 2. Amend the 2005/06 Annual Action Plan and reprogram funds from prior years to the Cedar Street Site Acquisition Project, and 3. Approve a funding agreement that is substantially in final form with Mental Health Association of San Mateo County for the acquisition of the Cedar Street site for affordable housing. 4. Adopt a resolution to authorize the transfer of funds from the Bradford St. project to the Cedar 8t. project. Background The City expects to receive $748,090 in Community Development Block Grant funds and, $382,693 in HOME Investment Partnership funds from the U.S. Department of Housing and Urban Development (HUD) for FY 2006/07. As a condition of receiving funds, the City is required to follow a UCitizens Participation Process" that involves holding a number of public meetings and publishing the proposed use of funds for citizen comment before the City Council gives final approval on the use of the funds. A binder of proposals and financial statements for each nonprofit applicant is available for your review in the Council Chambers and the Redevelopment, Housing, and Economic Development Division. Citizens Participation . Mandatory application and technical assistance workshops were held by staff to assist interested organizations to prepare competitive proposals and several meetings were held by the Housing and Human Concerns Committee to review proposals submitted for funding. . A total of 25 applications were received totaling $1,8 million dollars for the $748,090 entitlement. A total of 3 proposals were received for HOME funds totaling $804,733. . On March 9, 2006, the Housing and Human Concerns Committee approved funding recommendations for 25 programs for $748,090 from CDBG Funds and $382,693 from HOME funds. On April 6 the Committee amended their recommendations to include prior year funding and estimated program income totaling an additional $934,598.25 in CDBG and HOME funds. See Funding Recommendations by Motion (Attachment 1). . A Statement of Community Development Objectives and Proposed Use of Funds was published for 15 day citizen comment on April 12 and prior to forwarding the documents to Council for approval. 1:REDEVELOPMENT/2006 STAFF REPORTS/04-2006IAction Plan Adoption 1 --,..~,