HomeMy WebLinkAbout10475RESOLUTION NO. 10475 A RESOLUTION OF INTENT TO TRANSFER AND REPROGRAM UNENCUMBERED FEDERAL COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) FUNDS FROM PRIOR YEAR PROJECTS TO AN EXISTING PROJECT WHEREAS, the City of Pueblo is designated as an entitlement city under the Housing and Community Development Act of 1974, and has received in prior years Community Development Block Grant funds; and WHEREAS, the City of Pueblo annually reviews all CDBG projects for completion and unencumbered funds and conducts public hearings to obtain the views of citizens, non - profit and neighborhood groups on the City's housing and community needs. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. The City intends to transfer and reprogram $165,178.28 in unencumbered Community Development Block Grant funds for citywide curb ramps. The City will hold a public hearing to receive comments on the proposed use of the funds. INTRODUCED August 8, 2005 .. T - C W IL A, V BY Michael Occhiato Councilperson Background Paper for Proposed RESOLUTION AGENDA ITEM # 2I DATE: August 8, 2005 DEPARTMENT: HOUSING AND CITIZEN SERVICES / ADA RIVERA CLARK TITLE A RESOLUTION OF INTENT TO TRANSFER AND REPROGRAM UNENCUMBERED FEDERAL COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) FUNDS FROM PRIOR YEAR PROJECTS TO AN EXISTING PROJECT ISSUE The approval of a resolution allowing for the transfer of unencumbered CDBG funds for ADA ramps citywide. RECOMMENDATION Approval of the Resolution BACKGROUND The Department has closed out several CDBG projects that have been completed. The resulting unencumbered amount is $165,178.28. It is the recommendation of staff that the funds be transferred and reprogrammed for ADA ramps citywide. Normally, these funds would be part of an open application cycle, through which the City takes applications for new projects. This year the City finds itself in a unique situation. The City has not met the HUD required expenditure ratio for the CDBG grant, and we therefore must expend funding as quickly as possible in order to avoid a reduction in the 2006 CDBG grant. Since time is of the essence staff recommends that the excess CDBG funds be programmed for citywide ADA ramps. Council has already awarded this project, and the contract contains "add alternates ". This allows for a speedier expenditure of the funds. It is also intended that the amount of funding being directed from the 2006 CDBG grant for citywide curb ramps will be reduced by this same amount of $165,178.28. The 2006 request would be for $234, 821.72 as opposed to $400,000. FINANCIAL IMPACT The amount of excess CDBG funds to be reprogrammed is $165,178.28. The funds are to be transferred to CDBG project CD0514. The new project balance for this activity is $560,000. The funds are available from unencumbered balances in fund 250 - 9540 - 600- 80 -50.