HomeMy WebLinkAboutResolution - 2008-R0077 - Approve Reccomendations From CDSB For Reallocation Of CDBG Unspent Funds - 02/28/2008Resolution No. 2008=R0077
February 28, 2008
Item No. 5.17
RESOLUTION
E IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the City Council of the City of Lubbock does hereby approve the
ecommendations of the City of Lubbock Community Development and Service Board
or the reallocation of unspent funds from the Community Development Block Grant
(CDBG). Said recommendations are attached hereto and incorporated in this resolution
4s if fully set forth herein and shall be included in the minutes of the City Council.
assed by the City Council this 28th day of February , 2008•
TTEST:
Garza, City Secretary
APPROVED AS 1TO CONTENT:
I 5
DAVID A. MILLER, MAYOR
res -reallocation unspent funds
Agency
City of Lubbock CD
City of Lubbock CD
City of Lubbock CD
East Lubbock, Street Paving
Project/Program
East Lubbock, Street Paving
CDBG Rehab Program
Resolution No. 2008—R0077
Amount
152,795
12,000
Emergency Repair Program 38,000
Grand Total $ 202,795
City Council originally voted to allocate money to this project during the regular allocation
process for FY 2007-2008. A vote allowing staff to target the unpaved streets in this area was
taken on .lune 26, 2007. The boundaries for the area are East 4a` Street, East Loop 289, and Idalou
Road. If this amount is approved for the project the total accumulated will be $302,795.
Residential Rehab -HOME Cost
City Council originally voted to allocate $20,000 to this program during the reallocation process
during their regularly scheduled meeting on February 22, 2006. The funds were to be used for
miscellaneous costs associated with the department's housing programs. HUD has recently ruled
that setting up escrow accounts for taxes and insurance for Reconstruction projects is not eligible
expense under HOME. This activity remains an eligible expense under CDBG. The additional
$12,000 will be used to set up the escrow accounts for homeowners in our Reconstruction
Program. This will bring the total amount of funding allocated to this program to $32,000.
Emergency Repair Program
City Council originally voted to allocate $125,000 to this project during the regular allocation
process for FY 2007-2008. The vote was held on June 26, 2007. All of the funds allocated have
been assigned to individual projects. The additional funds will be used to provide more low -to -
moderate income households with housing repairs that are of an emergency nature. This will
bring the total amount of funding for FY 07-08 to $163,000.