Posted: September 23, 2016
Rapid City
Agenda Item Summary

Agenda Item Ref. #: LF092816-07

Agenda Item Title:

Approve Canyon Lake Senior Center's Request for Additional FY2016 Community Development BLock Grant (CDBG) Contingency Funds

Origination Group:
Legal & Finance Committee
Origination Meeting Date:
09/28/2016
City Council Hearing Date:
10/03/2016
Staff Contact:
Barbara Garcia
Agenda Item Summary:
Canyon Lake Senior Center is requesting $25,209.23 of the FY 2016 CDBG Contingency funds. Canyon Lake Senior Center has an urgent need for the replacement of insulation due to condensation build up causing mold and mildew to grow and insulation to get compacted. The Contingency funds current available balance is $174,313. The Investment Committee recommends funding the Canyon Lake Senior Center request.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center
Community Development Block Grant Contingency funds. $174,313 - $25,209.23 = $149,103.77 balance remaining.

Recommendations:

Origination Recommendation Action:
Approve
Origination Recommendation Notes:
Request Council Approval for Canyon Lake Senior Center to receive $25,209.23 of the FY 2016 CDBG Contingency funds.

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