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HomeMy WebLinkAbout08-081 DATE SUBMITTED: BILL # DB-08! AGENDA BILL CITY OF BREMERTON CITY COUNCIL ........................................................................................ SUBJECT: Public Hearing and adoption of Resolution No.3054 approving amendments to the 2008 Community Development Block Grant (CDBG) Action Plan Committee Meeting Date: J/26/20Q8 3/1 ;J. /0 B COUNCIL MEETING Date: 4/2/2008 Department: DCD - CDBGIHOME Presenter: Marie Vila Phone: 360-473-5375 SUMMARY: On November 7,2007 City Council approved the 2008 CDBG / HOME Funding Recommendations. CDBG staff submitted these recommendations to the Department of Housing and Urban Development (HUD) in the 2008 Annual Action Plan. The proposed resolution makes two additions to the 2008 CDBG / HOME Action Plan: 1) Allocate up to $146,000 of uncommitted HOME funding to the City's Down Payment Assistance Program; and 2) Allow participation in the CDBG Section 108 Loan Guarantee Program No changes will be made to the 2008 funding recommendations already accepted by City Council. ATTACHMENTS: 1. Proposed Resolution 2. Staff Memos FISCAL IMPACTS (Include Budgeted Amount): HOME: Pass through HUD funding of $146,000 prior year uncommitted funds; SECTION 108: Should we choose to participate in the Section 108 program in the future, funding is sec d with current and future CDBG entitlement. APPROV ALS: DEPARTMENT DIRECTOR: CITY ATTORNEY: FINANCE DIRECTOR: MA YOR: COMMITTEE CHAIR COUNCIL PRESIDENT: CONSENT AGENDA 0 GENERAL BUSINESS 0 PUBLIC HEARING RECOMMENDED MOTION: Move to pass Resolution No.3054_ approving amendments to the 2008 Action Plan. COUNCIL ACTION: d Approve o Deny o Table o Continue 0 No Action