HomeMy WebLinkAbout10549RESOLUTION NO. 10549
A RESOLUTION TRANSFERRING AND REPROGRAMMING UNENCUMBERED FEDERAL
COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS FROM PRIOR YEAR PROJECTS TO
CD0528 — STREET OVERLAY
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
progress, unencumbered funds resulting from this review are slated for reprogramming. The City
conducts public hearings to obtain the views of citizens, non - profit and neighborhood groups on the
proposed use of funds.
NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1.
The City of Pueblo held a public hearing on October 27, 2005 to receive comments on the
reprogramming of funds from completed or canceled projects to a new CDBG project called Street
Overlay. The projects are outlined in Attachment 1. The comments received at the hearing are
contained in Attachment 2. The funds are to be transferred to CD0528- Street Overlay.
SECTION 2.
The City hereby transfers and reprograms $254,042.46 in unemcumbered Community
Development Block Grant funds to the Street Overlay project.
INTRODUCED November 14, 2005
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BY Michael Occhiato
Councilperson
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Background Paper for Proposed
RESOLUTION
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AGENDA ITEM # a
DATE: November 14, 2005
DEPARTMENT: HOUSING AND CITIZEN SERVICES / ADA RIVERA CLARK
TITLE
A RESOLUTION TRANSFERRING AND REPROGRAMMING
UNENCUMBERED FEDERAL COMMUNITY DEVELOPMENT BLOCK GRANT
FUNDS FROM PRIOR YEAR PROJECTS TO CD0528 — STREET OVERLAY
ISSUE
The approval of a resolution allowing for the transfer of unencumbered CDBG
funds for the repaving of streets in low -to moderate - income neighborhoods.
RECOMMENDATION
Approval of the Resolution
BACKGROUND
In an effort to assure that the City meets its required CDBG expenditure ratio, the
Department has closed out several CDBG projects that have been completed or
have not progressed. The projects are outlined in Attachment 1. It is the
recommendation of staff that $254,042.46 of the funds be transferred and
reprogrammed for the repaving of streets in low- to moderate - income
neighborhoods.
On September 26, 2005, Council approved a resolution of intent to transfer and
reprogram the funds, thereby instructing staff to proceed with meeting the
necessary requirements. The Department of Housing and Citizen Services held
a public hearing on October 27, 2005. The meeting was advertised in The
Pueblo Chieftain. The comments received at the meeting are contained in
Attachment 2.
FINANCIAL IMPACT
The amount of excess CDBG funds that may be reprogrammed is $254,042.46.
The funds are to be transferred to CDBG project CD0528. The funds are
available from unencumbered balances in fund 250 -9540- 600- 80 -50.