Agenda Item Title:
LF051519-05 - Authorize the Mayor and Finance Officer to sign FY2018 Community Development Block Grant Reallocation Funds Contracts and Indenture of Restrictive Covenants – JB Holdings, Inc.
Origination Group:
Planning Commission
Origination Meeting Date:
05/15/2019
City Council Hearing Date:
05/20/2019
Staff Contact:
Michelle Schuelke, CDBG Division Manager
Agenda Item Summary:
Staff is seeking City Council approval for the Mayor and Finance Officer to sign two copies of the FY2018 Community Development Block Grant (CDBG) Reallocation Funds contract for JB Holdings, Inc.
CDBG funds will be for the infrastructure and rehabilitation of a triplex at 614 E. Watertown Street.
Funding Source & Fiscal Impact (if applicable):
| Funding | Cost Center |
|---|---|
Is Funding Budgeted?:
Budgeted
Funding Source & Fiscal Impact Notes:
FY2018 CDBG Reallocation Funds
Recommendations:
Origination Recommendation Action:
Approve