HomeMy WebLinkAbout1995-04-11; City Council; 13102; PROJECT SELECTION AND FUNDING ALLOCATIONS FOR 1995-96 FEDERAL COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAMJ e e /Q2
CITY OF CARLSBAD - AGEhDA BILL
AB# .”
ClTY FOR 1995-96 FEDERAL COMMUNITY DEVELOPMENT MTG.
DEPT, TITLE: * 4/11195 PROJECT SELECTION AND FUNDING ALLOCATIONS
1 I DEPT. HSG & RED BLOCK GRANT PROGRAM 1 CITY
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RECOMMENDED ACTION:
Adopt Resolution No. 7 4-95 approving the projects and funding allocations fi
Carlsbad’s 1995-96 Community Development Block Grant program and authorizins
and Redevelopment Director to submit the City’s final statement of proposed pr
Department of Housing and Urban Development (HUD) for final approval.
ITEM EXPLANATION:
Under Title I of the Housing and Community Development Act of 1974, the Cit
continues to be eligible to receive funding under the federal Community Developmer
(CDBG) Entitlement Program to finance projects which serve the identified neec
moderate income persons.
The City of Carlsbad expects to receive a new CDBG allocation of $647,000 fror
fiscal year 1995-96. The City also has CDBG funds which were allocated in previ
now need to be reallocated to new projects. These funds include:
$50,000 from a previously approved capital improvement/public facility proje
canceled (Western institute Foundation for Mental Health/Alzheimer’s Day Car
$19,847.84 from a previously approved capital improvementlpublic facility proji
completed with a surplus of funds (Carlsbad High School/Stadium Lighting
The total amount of federal funds currently available for allocation to eligible projec
the needs of low and moderate income persons is $716,847.84.
In response to the City‘s “Request for Proposals“, a total of thirty-seven (37) PI
$1,734,684 in funding requests, have been submitted to date for consideratic
Council. The proposals were reviewed and evaluated, based upon pre-established
Council-appointed CDBG Funding Advisory Committee and staff. A chart
Committee’s evaluation of the proposals and funding recommendations from the (
attached as Exhibit 2 for consideration by The City Council,
On April 4,1995, The City Council held a public hearing to accept comments on tt
community development needs of low and moderate-income persons within the C
and the various proposals which were submitted for funding under the City‘s 1
program. During the noted meeting, the City Council expressed its intent to ap
project funding allocations at a future meeting.
u
a PAGE 2 0 0
AB # 13,102-
Staff is now requesting that the City Council make its final project selection and appl
allocations for Carlsbad’s 1995-96 CDBG program. The chart provided as Exhib
each request for funding received by the City with an indication of how each meets
and local objectives for the program. Although every proposal submitted for fundi1
CDBG program should be considered by the City, the Council has no obligation tc
proposal. The City Council should select projects which best meet the identified
low and moderate-income population within Carlsbad.
The chart below summarizes the funding available and the maximum amount v\
allocated in each expenditure category:
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~~ ~ ~
EXPENDITURE AMOUNT OF AMOUNT OF
CATEGORY
$ 97,05( $ 4233 14.00 Public Services
AVAILABLE FUNDI REQUESTED FUNDING
(24 proposals)
I I I
Public Facility/
Improvements &
Other Proiects
$ 1 ,I 81,770.00
(1 2 proposals)
$ 490,39;
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Administration $ 129,40( $ 129,400.00
(1 proposal)
TOTAL $ 71 6,84: $ 1,734,684.00
(37 proposals)
I I I ____________~ ~
A resolution approving the selected projects, with designated funding levels, must
to the U.S. Department of Housing and Urban Development (HUD) by June 1 , 19s
the Council in its decisions, the CDBG Funding Advisory Committee met several tin
and discuss the various proposals submitted for consideration.
RECOMMENDATIONS:
From staff‘s perspective, the CDBG Funding Advisory Committee members work
together and were able to fairly quickly reach consensus regarding the
projects/activities and subsequently the level of funding to be recommended to the
Staff is recommending at this time that the City Council accept the project
recommendations of the Committee.
It is staff’s recommendation at this time that the City Council select the projects
levels for Carlsbad’s 1995-96 CDBG program and authorize the Housing and Re
Director to prepare and submit the required application documents for submissic
Department of HUD.
J PAGE 3 0 e
AB# 13. lox
FISCAL IMPACT:
The City of Carlsbad will receive an estimated new allocation of $647,000 in CD
program year 1995-96. An additional $69,847.84 in CDBG funds is also
reallocation from previously approved, completed or canceled projects. The Cil
maximum of twenty percent (20%) of the new allocation, or $129,400, for adr
the program. The CDBG Program has no impact on the General Fund.
EXHIBITS:
1. Resolution No. 9 5 -9 5 approving projects selected for CDBG funding and a1
Housing and Redevelopment Director to submit a final statement to the U.S. D
Housing and Urban Development for approval.
2. Summary of the evaluation of proposals and funding allocation recornmendat
CDBG Funding Advisory Committee.
3. Summary of proposals with an indication of how each proposal meets
objectives.
4. Project I proposals (37) (on file in the City Clerk's Office).e m 2
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CITY COUNCIL RESOLUTION NO. 95-95
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA, SELECTING SPECIFIC PROJECTS
DEVELOPMENT BLOCK GRANT PROGRAM.
FOR FUNDING UNDER THE 1995-1996 COMMUNITY
WHEREAS, the City Council of the City of Carlsbad, California, held a pu’
hearing on April 4, 1995 to accept comments on the needs of low and moderate incc
persons and the proposals submitted for funding consideration under the 1995-1
Community Development Block Grant Entitlement Program;
WHEREAS, the City Council selected projects and funding allocations duril
public meeting on April 11, 1995; and,
WHEREAS, the City Council has taken all testimony into account.
NOW, THEREFORE BE IT HEREBY RESOLVED as follows:
1. That the above recitations are true and correct.
2. That the projects selected at the City Council meeting of April 11, 1
are hereby approved at the indicated funding levels for inclusio~
Carlsbad’s Consolidated Plan for the 1995-1996 Community Developr
Block Grant Program.
3. That the City will publish a summary of the proposed projects in a I
newspaper(s) and allow a thirty (30) day public review and coml
period prior to submitting the City’s Consolidated Plan to the 1
Department of Housing and Urban Development for approval.
4. That the Housing and Redevelopment Director is authorized to submi
required application documents to the U.S. Department of Housing
Urban Development for approval upon expiration of the public revieu
comment period. .... ,...
.I.. .... .... .... ....
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PASSED, APPROVED AND ADOPTED at a regular meeting of
City Council of the City of Carlsbad, California, held on the 11th day of April, 19
by the following vote, to wit:
AYES: Council Members Lewis, Nygaard, Kulchin, Finnila, Hall
NOW: None
ABSENT: None
ABSTAIN: None
ATTEST:
zzL4bA7
ALETHA L. RAWENKRANZ, City Clerk
(SEAL)
1
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e 0 EXHll
CITY OF CARLSBAD
COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM
1995-1996
EVALUATION OF PROPOSALS & FUNDING RECOMMENDATIONS
No.
EVALI OVERALL EVAL
COMMI'ITEE RANKIK FUNDING REQUEST TYPE OF AGENCY/
PROJECT COMMITTEE AMOUNT PROJECT
($) ($) SCORE SCORE
1 Qua 8.6 74.1 7,000 25,000 Public Service - Carlsbad Care Crew/SD County
Mental Health Seniors
2 Qua 7.6 84.3 2,500 6,OOo Public Service - NO CO Council on Aging/
Case Mngt. €or Seniors Seni0I-S
3 Highly 9.4 92.3 a,m 9,040 Public Service - Senior Adult ServiceslMeals on
wheels Seni0l-S
Homeless Prevention
Employment Tmg
* CDBG Program
Evaluation & Recommendations
Page 2
0
0 CDBG Program
Evaluation & Recommendations
Page 3
0
NOTES:
1. The total number of points possible was 100. The maximum number of points received by any propos The lowest number of points was 23 points.
2. The average point value, or mean, was 80.7 points.
3. The point values that appeared most often, or the modes, were 93 points and 82 points.
4. The point value which appeared in the middle of the range, or median, WAS 86 points.
5. Each proposal was given an overall impression score, from a scale of 1 to 10.
6. A proposal was evaluated based upon the following scoring criteria: 1) organization’s ability/( financial ability and stability; 3) benefits and beneficiaries; 4) ready implementation of the project/p~
5) overall impression. Each proposal was given a ranking according to the following evaluation sc
85 points + = Highly Qualified
70 to 84 points = Qualified 69 points or less = Minimally Qualified
WP: EVAL&REC.TBL
Revid: 03/I 7/95
~ ~~
-1-
e 0
No. REQUEST NATIONAL LOCAL TYPE OF AGENCY/
PROJECT
5,000 L/M Income Special Needs - Public Service - AIDS FoundatiodCase Mngt. Svc. 19
AMOUNT($) OBJECTIVE OBJECTIVE PROJECT
AIDS Patients Benefit AIDS I I I I I I I 20 Fraternity House/Res Care for 1 Public Service - 1 Aff Housing - 1 L/M Income I 10,000 I Chronicallv Ill AIDS Patients Shelter & Svc Benefit I 1 I I I
1- I I 1 ~ 27 75,000 L/M Income Aff Housing - Site Acquisition - Habitat for Humanity/Very Low
~~~
Income Housing Benefit Acq & Rehab Aff Housing
28 25,000 L/M Income Aff Housing - Public Facilities & Catholic Charities/
La Posada de Guadalupe Benefit Homeless Improvements -
Homeless
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29 Social Services Public Facilities & City of Carlsbad
Pine Field - Recreation Improvements -
Parks & Rec
30 - Rec & Improvements - Installation of Bldg
Social Services Public Facilities & Join Hands Save a Life/
Youths Counseling
31
- Rec & Improvements - Patio & Rec Area
Social Services Public Facilities & Girls Club/
Youths Counseling
32
- Rec & Improvements - Expansion of Village Branch
Social Services Public Facilities & Boys & Girls ClublRemodel &
Youths Counseling
33
Children Abused & Neg
Abused & Neg Improvements - Special Needs - Public Facilities & New HavedExpansion of Campus
Children
34
Rehab Single Family Residential Rehabilitation Program
Aff Housing - Rehabilitation - City of CarlsbadSingle Family
-.
-8
-
-
-
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L/M Income 35,000 I Benefit
L/M Income 75,000 Benefit
L/M Income 100,000 Benefit
L/M Income 100,000 Benefit
L/M Income 134,000
Benefit
L/M Income 230,770 1 Benefit
WP: LIST.TBL
Revised: 3/16/95 -2-
0 0
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April 5, 1995
TO: CITY MANAGER
CA ec
FROM: Assistant to the City Manager
HISTORICAL PERSPECTIVE ON FUNDING - COMMUNIN DEVELOPMENT
BLOCK GRANT AND COMMUNIN ACTIVITIES FUNDS
Attached are matrices depicting how Community Development Block Grant and
Community Activities funds have been allocated over the last seven years. Each
matrix provides a total, by agency, of funds received by that agency.
Please let me know if you have any questions.
&*
LORI LIEBERMAN
c. Housing and Redevelopment Director
Financial Management Director
I1 .I
. CITY OF CARLSBAD
COMMUNITY SERVICE PROGRAM
HISTORICAL PERSPECTIVE ON FUNDING
PI 1988 TO PI 1995
r- ~~
CITY OF CARLSBAD
~~ ~~~
COMMUNITY DEVELOPMENT BLOCK GRANT PROGRA hm
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April 7, 1995
1 FMTCiE I?:: < J+C!fhl,f4tll
TFiE CITY csmc
pb;009r :
CITY MI - CA
TO: MAYOR AND CITY COUNCIL CJL
VIA: CITY MANAGER
FROM: HOUSING AND REDEVELOPMENT DIRECTOR $4
RE: 1995-96 CDBG FUNDING RECOMMENDATION-SECTION 108 LOA!
Following the public hearing held by City Council on April 4, 1995 to solicit comments on
1995-96 CDBG Program, the City received new information from the U.S. Departmen
Housing and Urban Development (HUD) regarding repayment of the City's CDBG Section
Loan. This new information requires the Council to consider changes in the reconxner
CDBG funding allocations at their meeting on April 11, 1995
In 1993, the City obtained an interim CDBG Section 108 Loan from HUD in the amoun
$1,200,000 to assist in the acquisition of property for the development of the La Ten
Affordable Housing project. The interest rate on the interim loan was approximately 5.6:
Although principal payments were not required on the interim loan, interest payments were IT
which amounted to approximately $25,652.50. CDBG funds were available to make the requ
public offering of trust certificates guaranteed by the Secretary of the Department of HUD,
April 5, 1995, the City received the repayment schedule for the Section 108 Loan. Unti
received the repayment schedule, staff could only estimate the payments which woulc
required on the loan each year. The repayment schedule (see attached) requires the City to n
a principal payment in August and two interest payments during the fiscal year (one in Au
and the other in February). The loan has a nine (9) year term.
For fiscal year 1995-96, the City must make a principal payment of $100,000 and intc
payments amounting to $92,659.50. Unfortunately, it was not anticipated that the interest
for the permanent loan would be higher than that which was applied to the interim loan.
interest rate on the permanent loan ranges from 6.84% to 8.27 % over the nine year peric
the loan. HUD had indicated to staff that the permanent loan would most likely have a I(
interest rate. But, the interest rate for the permanent loan is not actually known (or set) unti
public offering is complete.
Since the Council approved repayment of the loan from the annual CDBG program,
presented a recommendation to the CDBG Funding Advisory Committee to allocate $125
for the Section 108 Loan repayment. Due to the higher interest rate on the loan, the
payment required in 1995-96 for the Section 108 Loan will be $192,659.50 which means
additional CDBG funds ($67,659.50) are required to make the payment in 1995-96.
If acceptable to the Council, staff will take the following actions to make funds ($27,261
available through the CDBG program for the 1995-96 Section 108 Loan payment:
interest payments. A permanent loan was approved by HUD on February 1, 1995 followin$
April 7, 1995 0 0
-* 1995-96 CDBG Funding Recommendations - Page 2
e The remaining balance of funds ($23,275) within the CDBG' Affordable Hou
Development Fund will be used for the 1995-96 loan payment;
e Staff will reallocate $1,986.66 in prior year CDBG administration funds to the
payment account;
e Staff will reallocate $2,000 in 1992-93 CDBG funds from a cancelled Boys and C
Club project (outdoor recreation area);
With the above actions taken, the City will still need an additional $40,397.84 in 1995-96 CI
to be allocated to the project. To address this matter, staff is proposing the following ac
regarding the 1995-96 allocation of CDBG funds which will be considered by the Counc
their next meeting on April 11 , 1995 :
Staff is recommending that the 1995-96 CDBG funding allocations be reduced for the follov
public facilities/improvement projects: 1) Western Institute Foundation for Mental He2
facility; 3) Girls Club/Outdoor recreation area; 4) Join Hands/Installation of a modular buik
(1st of 2 proposals); 5) City of Carlsbad/Renovations to Pine Field; and, 6) Ciq
Carlsbad/Administration.
Staff is not recommending changes in the allocations for: 1) Catholic CharitiedRenovation
La Posada de Guadalupe; or, 2) Join Hands/Acquisition of Property (2nd of 2 proposals).
The proposed funding reductions are as follows:
Alzheimers Day Care Center; 2) Boys and Girls ClublRenovations to the Village Bra
Allocation Revised 95-96
Description Reduced by Funding
6) Recommendation .,
1995-96 Prog Administration 2,000.00 127,400.00
1995-96 Alzheimer's Day Care Ctr 15,000.00 35,000.00
1995-96 City of Carlsbad-Pine Field 5,000.00 20,000.00
1995-96 Boys & Girls Club-Remodel 5,897.84 70,000.00
1995-96 Join Hands-Install Bldg 5,000.00 70,000.00
1995-96 Girls Club-Rec Area 7,500.00 70,000.00
Staff believes that these reduced allocations would be acceptable to the CDBG Funding Advis
Committee based on comments made during the meetings held to discuss the func
recommendations.
April 7, 1995 0 0
" 1995-96 CDBG Funding Recommendations - Page 3
SUMMARY
In light of the recent information received from HUD regarding the payments on the Section
loan, staff is requesting that the Council consider the above recommendation for reallocatin8
1995-96 CDBG funds based on the original recommendations made by the CDBG Func
Advisory Committee. Staff does not believe that the reductions in funding would hay
consider and take action on staff's recommendation during their meeting on April 11, 199
detrimental impact on completion of the subject projects. Staff will request that the COL
questions regarding this matter, please contact me at X2815.
EVAN E. BECKER
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t 1 .To: Lori Lieberman From: Debbie Fountain Subject: CDBG Program Date: 4/11/95 Time: 3:04p
foF( Tk<E i?jFCC:,,Jj.T:i::f.j CF
THE c!T( t>s!j~Gii-./ .r-l/,cpyJ"*
~ Dn-rE +;s~ 'r() ';VI: c:,:TY MANAGER
For information purposes.... c;-
The CDBG Funding Advisory Committee received a copy of recommendations which were forwarded to the City Council for their ri
Redevelopment Office on March 17, 1995. I will fax a copy of the let
you for your information. This letter summarized the Committee's
recommendations to the Council and also outlined the change made by the recommendations to provide Catholic Charities with an additional for building emergency repair purposes; these funds were taken equal Boys and Girls Club and Girls Club.
The Committee members were provided the opportunity to comment on th recommendations forwarded to Council. However, no comments were rece
staff .
April 4, 1995 in a letter forwarded to them from the Housing and
"3 1 I L. I . ."I ""I II I "-4 %" - A_ -3 z.i4r1'1 I " "SI z i L
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Much 17, 1995
To: CRERI SATO, BDY NOBLE, JAMES WElTTKER, m SPITZ;
FROM: HOUSING ANI) REDEVEL0P"T DEPAR'T", - HIN]
ZmRA nG, ED JUCBNIEWICZ, JANET "NSON
SUBJECT: LIST OF PROJECTS RECOMMENDED FOR FuNDlNG
1 would like to take this opportunity to personally thank each of you for the time and effort 1
took to review and evaluate each of the submitted pmposalo and to develop fund
recommendations to the City Council for the 1995-96 Community Development Block GI
(CDBG) program. Your assistance was greatly appreciated by both staff and the City Coun~
Although the funding decisions are always difficult, the entire process went much smwther t
year $s I result of your hard work.
Attached for your information is a copy of a chart which outlines the various requests rec&
by the City of Carlsbad for funding under the 1995-96 CDBG Program and your Fundi Committee Recommendations that will be presented for consideration by City Council.
Please note that staff did alter the recommendations slightly due to an emergency situation tl
arose for Catholic Charitidh Po~ada de Guaddupc. This week our Department was contacl
regarding La Posada de Guadalupe and damages to the shelter due to our recent storms, tbe la
has eroded and portions of the trailer are not sitting on stable ground. Catholic Charit
requested consideration ef m additional iequcst for $5,066 €or ~~saiy repairslimprovemen
Realizing the difficulty in contacting all of you again for consideration of this request and tl
flexibility you showed regarding your allocations for public facility/improvement activities, st2
has taken the liberty of deducting $2,500 from both the Boys and Girls Club's rehabilitation
the Village Branch facility and the Girls Club patio and recnation areas to recammend 4 additional $5,000 for La Pasada de Guadalupc, We believe that the reduction of $2,500 recommended funds for the Boys and Girls Club and the Girls Club will have minimal impa
on their ability to implement their wnstntction activities.
The next step in the praccss is a publlc hearing before the City Council to accept pub1 comments on the housing and community development nds of low and modcrateincon
households within Carlsbad and the various proposals which have been submitted for findir
2985 Roosevelt St., Ste. €3 Carlsbad, CA 92008-2389 (619) 434-2810/2811 FAX (619) 720-20:
~
'=~IY I 3 r i I-HFLSBQD HSG&RtU e "-11-45 2: 15FM ; 0 + 01'3 '('dk
k Marrh 17, I995 Funding Recommendations
Page 2
under the City's 1995-96 CDBG program. This hearing is tentatively scheduled for April
195 at 6 p.m. in the City Council Chambers at 1200 Carlsbad Village Drive.
Once again, thank you very much for your time and assistance. If you have any comments I questions regarding the funding recommendations, the process for fd selection and docatit of CDBO funds by City Council, or Carlsbad's CDBG program, please contact my office at 434
2818,
Sincerely, ,.
.' i/ .,.*<A+
LJuLANIBINEQ Management ~~ly~t
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TO: RAY PATCHETT FROM: Debbie FWn
COMPANY: "CITY MANAGER BEPI: ' - Hausina (& Redevelc
PHONE #: .. - PHONE #: (61 91 434-2935
FAX #: FAX #: (619) 720 I 2037
i ~ ., . ,-1 e.. .. . .. .
MESSAGE:
Hi Ray, We have continued to work with the CDBG figures and 1 believe that we have come to reduce some of the impact created by the increased payment required for the Section 10
Attached are the overheads that I intend to use tonight to address this issue with the Cdunc the amounts by which the previously identified projects need to be reduced has decreasec
impact is fairly insignificant. We spoke with all of the groups impactad by the proposed real although they would prefer to get every dollar that they can, they were OK with the propw
let me know if there is anythlng in the overheads which concerns you or that you do not thi
address. Leilani will go through the basic recommendations of the Committee and then 1 v
information on the Section 108 Loan and the proposed allocation revisions.
This when message is for the exclusive u8e of the addressee and may contain confidenrid, privileged, and non-closal the recipicnr of this mesrage is not the addrcsscc, or a person responsible for dclivvsring the mcssogc tQ tbe ad~ressee, 1
prohibited from reading or using this masags in any way. If you have received this message by mistake, please call 1
deswy rhc rclscopy mesaage.
Housing & Redevelopment Depamnent 0 2965 Roosevelt Street, Suite B Carlsbad, California 9
". . . - -. ..,-_I, I- . ."_. ."
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L
SECTION 108 CDBG LOAN
Q interim Loan received in 1993; no principal payment due until
August, 1995: 1904 interest paid from CDBG funds in the total amount ef $25,6!52,50.
4 Permanent Loan approved by HUD on February 1 I 1995 followir
public offering; repayment schedule received by City on April 5,
1995.
G Principal payment made once a year in August; 2 interest pap
due (February & August),
0 lnterest'payment higher than originally estimated by HUD staff; f
ranges from .6,84% to 8.27% over the 9 year period of loan.
0 City identified CDBG funds as saurce far repayment of loan principal and interest; $125,000 sebaside for FY95-$6.
G Need an additional $67,659.50 to make Section 108 loan paymt in FY95-86; these funds must come from either the CDBG progr or the City's General Fund.
___. . . - ~ .."_._ ~ ""
,. W ' -- 4- "64, I ! , e 7 ULX rrTt '. .
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1995-96 CDBG ALLOCATIONS
STAFF RECOMMENDATIONS FOR REVISIONS
Q $33,982.29 can be made available from previous vea fund
balances within the CDBG program (for Sec.108 loan pmt).
Q $33,67721 additional CDBG funds needed from new 1995-96
alloatton.
o Staff recommends the following reductlons only in the 95-96 allocations recommended by the Advisory Committee:
J Program Administration: $ 8,5wloo J WIF Alzheimer's Day Care Center: $1 5,000.00 J City of Carlsbad - Pine Field Improvements: $5,000.00 J BOYS & Girls Club - Village Branch Remodel: $ 2,177,21
J Join Hands - Install new building on site: $ 1 ,000100 J Girls Club - New Patio/Recreation Area: $ a,ooo.QQ
Total Reductions: $33,677.21
@ Reductions in allocations wlll not have a significant impact on th noted organizatlons' ability to complete their proposed projects.
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REVISED RECOMMENDATIONS
1996-96 CDBG ALLGCATlONS
SENT BY:CRRLSSGD HSGPIRED
c e .?-11-95 3: Z7PM ; e + 619 721
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SECTION 108 CDBG LOAN REPAYMENT
OTHER OPTlONS
G Use $33,677.21 in General Fund monies to make up dlfference
between 95-96 CDBG allocation and amount needed to make- Section 108 Loan payment: or,
0 00 not fund city projects with CDBG funds which include Pine F
Improvements ($25,000) and Stay N’ Play project ($6,000); take
remainder from COBG Administration ($2,677,21); or,
0 Reduce 199596 CDBG Administration Budget by the entire
$33,877.21 ; costs not covered by COBG budget would need to
addressed in other city budgets: or,
p Reduce every project recommended for CDBG funding by
approximately 6% across the board (except for the Section 108 Loan Repayment); this would raise approximately $35,500: reductions would range from approx, $90 to $7700.
J SENT BY:CPRLSBDD MSGBRED - e 4-11-95 3: 27PM ; i), 3 5.19 721
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RECOMMENDED COUNCIL ACTIONS
0 By minute motion, authorize staff to take the following actions
related to previous year CDBG programs to raise $33,882.29 in
funds for the Section 108 Loan Repayment Project:
J Carry-over the fund balance ($23,275) in the CDBG Afford;
Housing Development Fund to program year 1996-96 and
transfer into the Section 108 Loan Repayment Account; ar
J Transfer surplus CDBG Administration Funds ($8,707.29) f
prior years to Section 108 Loan Repayment Account; and,
4 Reallocate funds ($2,000) from the cancelled 1992-93 Boy
. and Girls Club to the Seetian 108 Loan Repayment ACCOU this was a slow moving project which needed to be came due to HUD concerns,
4 By adopting resolution No. 95-95, approve the projects and fun(
allocations for the City of Carlsbad as recommended by the CD
Advisory Committee and with revisions, as appropriate, to reallc
$33,677,21 in CDBG funds to the Section 108 loan Repayment
Project.
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