HomeMy WebLinkAboutMINUTES - 09011998 - C148 Contra
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TO: BOARD OF SUPERVISORS �p �
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FROM: Dennis M. Barry, AICP '`
Community Development Director
DATE: September 1, 1998
SUBJECT: Request for Transfer of Community Development Block Grant Funds
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
APPROVE and AUTHORIZE the Deputy Director, Redevelopment to carry
forward $542, 178 in unexpended Community Development Block Grant
(CDBG) funds from the FY 1997/98 CDBG Housing Development Assistance
Fund (CDBG/HDAF) to the FY 1998/99 CDBG/HDAF.
FISCAL IMPACT
No General Fund impact. CDBG funds are provided to the County by the
U.S. Department of Housing and Urban Development.
BACKGROUND REASONS FOR RECOMMENDATIONS
The transfer of funds from the FY 1997/98 CDBG/HDAF to the FY 1998/99
CDBG/HDAF is necessary in order to consolidate funds for allocation
CONTINUED ON ATTACHMENT: x YES SIGNATURE: r
X RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMIT EE
APPROVE OTHER
SIGNATURE(S) :
,moi i6i �'�
ACTION OF BOARD ON Sel2tember 1, 1998 APPROVED AS RECOMMENDED x OTHER
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A
X UNANIMOUS (ABSENT - - - - - ) TRUE AND CORRECT COPY OF AN
AYES: NOES: ACTION TAKEN AND ENTERED ON THE
ABSENT: ABSTAIN: MINUTES OF THE BOARD OF
SUPERV I SORB 'ON THE DATE SHOWN.
Contact: Kathleen K. Hamm
335-1257 ATTESTED September 1, 1998
cc: County Administrator PHIL BATCHELOR, CLERK OF
County Counsel THE BOARD OF SUPERVISORS
Auditor-Controller AND C U TY ADMINISTRATOR
Community Development
BY , DEPUTY
in the current program year. The purpose of the FY 1998/99
CDBG/HDAF is to provide resources to assist affordable housing
projects which develop during FY 1998/99 . The current balance of
the FY 1998/99 CDBG/HDAF is $660,500 . Approval of the transfer of
$542, 178 in prior year funds will bring the total in the currant
year CDBG/HDAF to $1,202 , 678 . Based on current applications and
letters of intent received from affordable housing developers, the
Department has identified potential requests for CDBG/HDAF funds in
the range of over $1 .5 million during FY 1938/99 .