Agenda Item Title:
LF051320-04 – Authorize the Mayor and Finance Officer to Sign Amended HUD SF-424 for Community Development Block Grant FY20
Origination Group:
Legal & Finance Committee
Origination Meeting Date:
05/13/2020
City Council Hearing Date:
05/18/2020
Petitioner:
CDBG Program Division
Staff Contact:
Michelle Schuelke, CDBG Division Manager
Agenda Item Summary:
Staff is seeking City Council approval for the Mayor and Finance Officer to sign the amended CDBG FY20 SF-424. HUD has requested an update to Federal award B-20-MC-46-0002 SF-424 to include the Revolving Loan Fund balance of $50,344 in Program Income. Program Income will be amended from $37,644 to $87,988 to reflect this change.
Funding Source & Fiscal Impact (if applicable):
| Funding | Cost Center |
|---|---|
Funding Source & Fiscal Impact Notes:
FY20 CDBG Funds
Recommendations:
Origination Recommendation Action:
Approve