AgdaPkt 2012-04-23 - Laserfiche WebLink

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7.A. - Page 1 RE PO RT To the Honorable Mayor and City Council From the Cit Mana er April 23, 2012 SUBJECT Fiscal Year 2012-13 Annual Action Plan of the 2010-2015 Consolidated Plan RECOMMENDATION Adopt a resolution approving the fiscal year 2012-13 Annual Action Plan (Action Plan) and authorizing the City Manager to execute and file documents related to the Action Plan for submittal to the U.S. Department of Housing and Urban Development (HUD). BACKGROUND Consolidated Plan / Annual Action Plan The Consolidated Plan is a federal prerequisite for receiving various sources of entitlement funds from the U.S. Department of Housing and Urban Development (HUD). The term of the City's Consolidated Plan (Plan) is from July 1, 2010 to June 30, 2015. The Plan is made up of three components: 1. Community Profile and Market Needs Analysis: Describes the disproportionate needs of the community's low income and minority residents. 2. Five-Year Strateqic Plan: Identifies quantitative performance outcomes the City will achieve using federal funding each year of the Plan to meet the community need. 3. One-Year Action Plan: For each of the five years, identifies how funds will be used annually to meet the quantitative goals. The Action Plan includes an executive summary (Attachment 2) and budget (Attachment 3) that identifies all sources of funding, specific activities recommended for funding, and required narrative regarding the location of activities to be funded. ANALYSIS HUD estimates the City will receive $677,266 of CDBG and $222,280 of HOME entitlement funds for FY 2012-2013. The exact entitlement amounts are unknown until U.S. Congress publishes formula allocations for 2012-2013. The Action Plan funding recommendations made by the Housing and Human Concerns Committee (HHCC) are for programs and activities that will meet the five year strategic planning performance outcomes and objectives. The funding recommendations for the Action Plan were based on the HUD estimates, prior year HOME program income of $3,807 and an estimated $250,000 of fiscal year 2012-2013 CDBG program income from CDBG revolving loan funds (dedicated program income) for a total of $1,153,353 in federal revenue. If the actual entitlements vary more than 10% from the HUD estimates the HHCC will make amendments to these funding recommendations.