Posted: December 11, 2019
Rapid City
Agenda Item Summary

Agenda Item Ref. #: LF121119-03 –Approval of Preliminary Recommendations for FY 2020 CDBG Entitlement Funds and Neighborhood Lift Lot Allocations

Agenda Item Title:

LF121119-03 –Approval of Preliminary Recommendations for FY 2020 CDBG Entitlement Funds and Neighborhood Lift Lot Allocations

Origination Group:
Legal & Finance Committee
Origination Meeting Date:
12/11/2019
City Council Hearing Date:
12/16/2019
Petitioner:
CDBG Program Division
Staff Contact:
Michelle Schuelke, CDBG Division Manager
Agenda Item Summary:
Attached are the Investment Committee’s preliminary recommendations for FY 2020 CDBG Entitlement Funds and the Neighborhood Lift Lot Allocations. These allocations are based on estimated amounts of CDBG grant funds and program income to be received in FY 2020.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center
Is Funding Budgeted?:
Budgeted
Funding Source & Fiscal Impact Notes:
FY 2020 CDBG Entitlement Funds and Neighborhood Lift Lot

Recommendations:

Origination Recommendation Notes:
Staff requests Council approval of the Investment Committee’s recommendations for FY 2020 CDBG Entitlement funds and Neighborhood Lift Lot Allocations-Preliminary Recommendations with direction to allow the Investment Committee to make minor amendments, which includes 1) 50% change, if project is funded at $25,000 or less; 2) 25% change, if project is funded more than $25,000 in accordance to City of Rapid City Community Development Block Grant Program resident Participation Plan. Major amendments including changes above the thresholds described or a substantial change in the purpose, scope, location or beneficiaries will require a public comment period and Council final approval in accordance to the City of Rapid City Community Development Block Grant Program Resident Participation Plan.

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