HomeMy WebLinkAboutMINUTES - 12161997 - C115 �w Contra
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TO: BOARD OF SUPERVISORS 'p Cour
FROM: Dennis M. Barry, AICP
Interim Community Development Director
DATE : December 16, 1997
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 $368,211 in unexpended Community Development Block Grant
(CDBG) funds from the FY 1995/96 CDBG Housing Development Assistance
fund (CDBG/HDAF) and $503,767 from the FY 1996/97 CDBG/HDAF to the FY
1997/98 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 1995/96 and FY 1996/97 CDBG/HDAF to
the FY 1997/98 CDBG/HDAF is necessary in order to consolidate funds
for allocation in the current program year. The purpose of the F
CONTINUED ON ATTACHMENT: X YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDAT OF BOAr COMMITT
APPROVE OTHER
SIGNATURE(S) :
ACTION OF BOARD ON 49 —/4, _ APPROVED AS RECOMMENDED OTHER
VOTE OF SUPERVISORS
r I HEREBY CERTIFY THAT THIS IS A
UNANIMOUS (ABSENT ) TRUE AND CORRECT COPY OF AN
AYES : NOES: ACTION TAKEN AND ENTERED ON THE
ABSENT: ABSTAIN: MINUTES OF THE BOARD OF
SUPERVISORS ON THE DATE SHOWN.
Contact: Kathleen K. Hamm
335-1257 ATTESTED A6 , 1997
cc: County Administrator PHIL BATCHELOR, CLERK OF
County Counsel THE BOARD OF SUPERVISORS
Auditor-Controller (N. Garnett) . AND COUNTY ADMINISTRATOR
Community Development ,
BY , DEPUTY
C IL5
1997/98 CDBG/HDAF is to provide resources to assist affordable
housing projects which develop during FY 1997/98 . The current
balance of the FY 1997/98 CDBG/HDAF is $1, 104 , 300 . Approval of the
transfer of funds from preceding years will bring the total to
$1, 976 ,278 . Based on preliminary applications and letters of
intent received from affordable housing developers, the Department
has identified potential requests for CDBG/HDAF funds in the range
of $1 . 5 to over $2 . 5 million during FY 1997/98 .
kh/15b/HDAF1