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<br />Other Funds <br />General Funds: Council has authorized the HHCC to recommend an allocation of <br />$80,000 per year to Shelter Network for the Redwood Family House transitional housing <br />facility. This budget amount may be a combination of COBG funds and/or General funds. <br />The Committee is recommending $40,000 from COBG and $40,000 from the General <br />Fund for 2009-2010 from HSFA funds. <br /> <br />8A <br />Page 3 <br /> <br />AL TERNA TIVES <br />Council may choose to modify the recommendations for the Fiscal Year 2009/2010 Action <br />Plan. <br /> <br />FISCAL IMPACT <br />Upon submittal of an approved Action Plan, the City will receive an estimated $1,050,000 <br />in COBG and HOME, and $194,887 in ARRA funds for housing and community <br />development activities for Fiscal Year 2009-2010. Additional impacts include a <br />recommendation for $40,000 from the General Fund for Shelter Network's Redwood <br />Family House from HSFA funds. Approximately $300,000 is expected to be received in <br />income from loans. The Total Action Plan Budget for 2009-2010 is estimated at <br />$1,544,887.00. <br /> <br /> <br />~~ <br /> <br />Chu Chang, P.E. <br />Community Development Director <br /> <br />~~aJQ.w~ <br />atricia J. Webb <br />Housing, Economic Development and <br />Redevelopment Manager <br /> <br />V / <br /> <br />Peter Ingram,. ~ <br />City Manager <br /> <br />ATTACHMENTS <br />1. Resolution Adopting Fiscal Year 09/10 Action Plan <br />2. Attachment II: Executive Summary - Annual Action Plan by Priority <br />3. Attachment IIA: Summary of Funds Available <br />4. Attachment III: 2009-2010 HHCC CDBG/HOME Committee Final Vote <br />5. Attachment IV: 5 Year Consolidated Plan Goals-Priorities and Performance <br />Measurements Assessment 2005-2010 <br /> <br />RELATED DOCUMENTS IN CITY CLERK'S OFFICE <br />Binder of Proposals & Financial Statements of Applicants <br />