Agenda Item Title:
Approve FY22 CDBG CommonBond Communities Contract Amendment in the amount of $50,000.00, an increase from $200,000.00 to $250,000.00, and Amended Indenture of Restrictive Covenants
Origination Group:
Legal & Finance Committee
Origination Meeting Date:
12/13/2023
City Council Hearing Date:
12/18/2023
Staff Contact:
Michelle Schuelke
Location:
Circle of Friends Community Room
Agenda Item Summary:
Requesting approval for the Mayor and Finance Director to sign two copies of the FY22 Community Development Block Grant Amendment to Subrecipient Contract for CommonBond Communities and one copy of the Amended Indenture of Restrictive Covenants
Funding Source & Fiscal Impact (if applicable):
| Funding | Cost Center |
|---|---|
| FY23 CDBG Funds | $50,000.00 |
Recommendations:
Origination Recommendation Action:
Approve
Origination Recommendation Notes:
Staff is seeking City Council approval for the Mayor and Finance Director to sign two copies of the FY22 Community Development Block Grant Amendment to Subrecipient Contract for CommonBond Communities and one copy of the Amended Indenture of Restrictive Covenants.