CITY of RAPID CITY

Agenda Item Summary

 

Meeting Date: 3/30/2016

Commission, Board or Committee: Click here to enter date.

Staff Contact: Barbara Garcia

PW Committee or L&F Committee: L&F

Petitioner: Click here to enter text.

City Council 1st Reading: Click here to enter date.

Location: Community Development

City Council 2nd Reading: Click here to enter date.

Agenda Title:

Request for Council Final Approval of the Community Development Block Grant (CDBG) FY2016 Annual Action Plan with Investment Committee Recommended Changes and authorization for Mayor and Finance Officer to sign the Federal Assistance SF-424 and CDBG Certifications.

Summary:

Preliminary approval of CDBG allocations was on December 7, 2015.  Estimated funding was CDBG $425,000 and Program Income $6,400 for a total of $431,400.

 

HUD Entitlement award received is $433,518, $8,518 more than estimate used for preliminary allocation awards. In addition to EN increase, we received an additional $6,628 in Revolving Loan income allowing us to increase the amount allocated to Public Services by $3,897.  HUD has mandatory caps for program Administration which allows an increase of ($1,703) to Administration.  The remaining ($2,918) increase could be allocated to ready-to-go Housing, Public Facilities and/or Economic Development projects. 

 

Investment Committee recommendations are:

Administration – Increase allocation by ($1,703) to $87,983;

Public Service – Allocate the full increase ($3,897) to Pennington County Health & Human Services, new total $28,514;

Housing – Allocate the full ($2,918) to the City of Rapid City Contingency funds, new total $174,313;

 

No public comments were received during the 30-day public comment period.  All other allocations as previously approved.

 

Funding Source & Fiscal Impact (if applicable):

Community Development Block Grant Funds and estimated $6,400 of Program Income to be earned in FY 2016.  Total CDBG $433,518 plus $6,400 Program Income = $439,918 available

Recommendation:

Action: Choose an item. Approve

Notes:  Request Council Final Approval of the Community Development Block Grant (CDBG) FY2016 Annual Action Plan with Investment Committee Recommended Changes and authorization for Mayor and Finance Officer to sign the Federal Assistance SF-424 and CDBG Certifications.

Options:

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Attachments & Links:

Annual Action Plan

Funding Recommendations worksheet

Certifications

SF-424

 

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