Posted: December 27, 2018
Rapid City
Agenda Item Summary

Agenda Item Ref. #: LF010219 11

Agenda Item Title:

FY 2019 CDBG Funds Annual Plan Allocations Recommendation

Origination Group:
Legal & Finance Committee
Origination Meeting Date:
01/02/2019
City Council Hearing Date:
01/07/2019
Staff Contact:
Barbara Garcia
Location:
Community Development
Agenda Item Summary:
Attached is the Investment Committee’s recommendation for the FY 2019 Annual Action Plan allocations. These allocations are based on estimated amounts to be received of CDBG grant funds and program income in FY 2019. Adjustments to allocations will be made, if necessary, once we are notified of the actual award amount.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center
FY2019 CDBG Entitlement Funds (estimated)

Recommendations:

Origination Recommendation Action:
Approve
Origination Recommendation Notes:
Action: Staff requests Council Approval of the Investment Committee recommendation for the FY2019 CDBG Annual Action Plan allocations with direction to allow the Investment Committee to make adjustments to funded projects without further Council approval, if actual allocation received is 25% or less of the estimated total allocation (Minor Amendment to Plan). If the adjustments necessary exceed 25% of the estimated total allocation, a public comment period and Council final approval is required (Major Amendment).

Attachments & Links to Download:

pdf LF010219-11 FY19 CDBG Funding Recommendation

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