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�A. / - � � <br /> The strategies proposed and goals set for the five year plan address these needs. � <br /> Fiscal Impact � <br /> The one year cost for the Annual Action Plan for 2005/2006 is $834,053 ftom Community <br /> . Development Block Grant funds, and $444,286 from HOME Investment Partnership Funds <br /> and an estimated $300,000 to be received in program income for a total of $1,578,339. <br /> Conclusion <br /> Adoption of the Consolidated Plan and Annual Action Plan positions the City to receive an <br /> estimated $6 million over the five year period. The City will be able to spend these dollars <br /> to meet the needs in neighborhoods where primary benefit will target low income persons. <br /> These funds can be spent for affordable housing, capital improvements, supportive service <br /> programs, and economic development activities according to the priority strategies <br /> identified in the Five Year Strategic Plan. <br /> , <br /> ,. <br /> ,-1 <br /> � -( , <br /> . Debbi ones ho s� ��usan Moeller � <br /> ousing Coordin Redevelopment Manager <br /> , <br /> , <br /> _ --- _�� <br /> � �-_� ---- �`` ; �� � <br /> Joel Patterson ��d Ev ' ett � <br /> Community Development City Manager � <br /> Services Director <br /> Attachments � <br /> 1. Resolution <br /> 2. Consolidated Plan Executive Summary <br /> 3. 2005-2006 Annual Action Plan <br /> 4. HHCC CDBG-HOME Vote Matruc 2005-2006 <br /> REDEVSHARED 2005 STAFF REPORTS_0�2005_Staff Report ConPlan Adopt <br /> DJT:ce <br /> 4 <br />