Agenda Item Title:
LF051122-14 - Authorize the Mayor and Finance Director to sign the FY21 Mid-Year CommonBond’s Contract and Covenants
Origination Group:
Legal & Finance Committee
Origination Meeting Date:
05/11/2022
City Council Hearing Date:
05/16/2022
Petitioner:
Community Enrichment Division
Staff Contact:
Michelle Schuelke, Community Enrichment Division Manager
Agenda Item Summary:
Staff is seeking City Council approval for the Mayor and Finance Director to sign two copies of the FY21 Mid-Year CDBG Community Development Block Grant Subrecipient Contract and two copies of the Indenture of Restrictive Covenants for CommonBond Communities.
Funding Source & Fiscal Impact (if applicable):
Funding | Cost Center |
---|---|
FY21 CDBG | |
Recommendations:
Origination Recommendation Action:
Approve
Origination Recommendation Notes:
Action: Staff requests City Council approval for the Mayor and Finance Director to sign two copies of the FY21 Mid-Year CDBG Community Development Block Grant Subrecipient Contract and two copies of the Indenture of Restrictive Covenants for CommonBond Communities.