Title
Amending the CDBG general ledger budget to reflect the receipt of an additional $818,245.68 in prior year CDBG Program Income, and amending the CDBG activity budget to reflect the HUD undesignated balance.
Body
WHEREAS, the City Council of the City of Saint Paul did approve, upon the recommendation of the Mayor, the fiscal year 2017 Community Development Block Grant, HOME, and Emergency Solutions Grant Programs ("2017 Programs") as part of the 2017 Special Funds Budget; and
WHEREAS, by Resolution 17-673, the City Council of the City of Saint Paul approved the 2017 annual action plan and authorized the proper City officials to execute grant agreements and contracts between the U.S. Department of Housing and Urban Development ("HUD") and the City of Saint Paul ("City") for the 2017 Programs; and
WHEREAS, during the 2017 Budget Process, the Council of the City of Saint Paul approved the estimated financing for the 2017 CDBG Program in the amount of $6,850,000; and
WHEREAS, the grant agreement between the U.S. Department of Housing and Urban Development and the City is in the amount of $6,850,000 for the 2017 CDBG grant program; and
WHEREAS, the CDBG grant general ledger fiscal year 2017 budget needs to be increased by $818,245.68 to reflect additional CDBG program income received by the City; and
WHEREAS, the City will publish the required legal notice announcing the availability of the additional program income and notice of comment period for proposed allocation of funds prior to committing funds to a project consistent with the 2015-2019 Consolidated Plan and 2017 Annual Action Plan;
WHEREAS, the Mayor, pursuant to Section 10.07.01 of the Charter of the City of Saint Paul, does certify that there are available for appropriation, funds of $818,245.68 in excess of those estimated in the current grant budget; now, therefore, be it
RESOLVED that that upon the recommendations of the Mayor, the City Council adopts these changes to the CDBG grant program budget as noted in the attached Financial Analysis Form.