AgdaPkt 2009-04-27 - Laserfiche WebLink

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8A funds, plus $194,887 from the U.S. Department of Housing and Urban Development (HUD) Page 2 in American Recovery and Reinvestment Act (ARRA) funds, and an estimated $300,000 in program income for a total of $1,544,887.00 in Federal revenue. The following describes the process for the development, input, review, and recommendations that constitute the Action Plan that has been created for Redwood City. A binder of all proposals submitted for funding and financial statements for each nonprofit applicant is available for review in the City Clerk's office. Citizens Participation Process . 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 (HHCC) to review proposals submitted for funding. . A total of 22 proposals were received totaling $1,724,575 million dollars for the estimated COBG and HOME entitlements. . On March 4, 2009, the HHCC approved funding for 19 activities, including statutory and administrative set-a-sides, in the amount of $675,000 in COBG Funds, $375,000 in HOME Investment Partnership funds, and an estimated $300,000 expected to be received from Program Income revenue 1. . The Planning Commission reviewed the capital projects in the Annual Action Plan on March 17, 2009 and concurred that the proposed activities conform to the City's General Plan. . On April 8, the HHCC is expected to vote to recommend that $194,887 in American Recovery and Reinvestment Act funds be allocated to the Housing First Site Acquisition Project, and further, that any CDBG and HOME funding received above the estimated amounts also be allocated to the Housing First Site Acquisition Project. . The total Action Plan Budget for Fiscal Year 2009-201 0, including program income is $1,544,887.00. Refer to 2009-2010 HHCC CDBG/HOMElARRA Committee Final Vote (Attachment III). . A Statement of Community Development Objectives and Proposed Use of Funds was published for 15 day citizen comment on March 19, 2009 and prior to forwarding the documents to Council for approval. . The HHCC will recommend approval of a final Action Plan on April 8, 2009. . The City, pending Council's approval, will submit the Fifth Annual Action Plan to HUD on May 15, 2009. All of the activities proposed for funding have been determined to be exempt or categorically excluded under the National Environmental Protection Act (NEPA), or will be subject to further reviews when specific sites are determined. The City has also recorded a Notice of Exemption with the San Mateo County Recorder for the Annual Action Plan application pursuant to California Environmental Quality Act regulations (CEQA). The Human Service Financial Assistance (HSFA) recommendations will be brought to the City Council in a companion report tonight for information as part of the City's upcoming budget review process. Program Income I Monies that are generated by use ofCDBG funds and come back to the City, i.e. proceeds from lease or sale of property, principal & interest on loan payments, etc.