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DATE SUBMITTED:
BILL # OS # ()B1
AGENDA BILL
CITY OF BREMERTON
CITY COUNCIL
........................................................................................
Committee Meeting Date: 03/23/05
COUNCIL MEETING Date: (}4/06/0S. if-P20-oS""'
Department: DCD
Presenter: Michelle Eichhorn
Phone: (360) 473-5375
SUMMARY: The KCCDC requests $20,000 of CDBG funds (Program Income) for program
administration costs and seed money for their revolving loan fund.
SUBJECT: CDBG "off cycle" funding
request for the Kitsap County Community
Development Corporation (KCCDC) Small
Business Revolving Loan Program
ATTACHMENTS: Memorandum from CDBG staff, summary letter from KCCDC staff,
corporation flowchart.
FISCAL IMPACTS (Include Budgeted Amount): Requested funds are available from CDBG
Revolving Loan Fund (program Income); otherwise no impact.
APPROVALS:
DEPARTMENT DIRECTOR:
CITY ATTORNEY:
FINANCE DIRECTOR:
MAYOR:
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~~~=:~ET:~' CONSENT AGENDA D
COUNCIL PRESIDENT: -p~ ~~
RECOMMENDED MOTION: Move to approve awarding $20,000 ofCDBG 2005 funds to Kitsap
County Community Development Corporatio~ ~ \(~'r 'Lc>o ~ 0,,", ty,
COUNCIL ACTION: ~pprove 0 Deny 0 Table 0 Continue 0 No Action
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