Agenda Item Title:
LF101420-04 – Approve the Preliminary Recommendations for the FY20 Community Development Block Grant CV Funding
Origination Group:
Legal & Finance Committee
Origination Meeting Date:
10/14/2020
City Council Hearing Date:
10/19/2020
Petitioner:
CDBG Program Division
Staff Contact:
Michelle Schuelke, CDBG Division Manager
Agenda Item Summary:
Attached are the Community Investment Committee’s preliminary funding recommendations for FY20 CDBG-CV funds. CARES Act Community Development Block Grant (CDBG-CV) is supplemental CDBG funding allocated through the Federal Coronavirus Aid, Relief, and Economic Security Act (CARES Act.)
Staff requests Council approval of the Community Investment Committee’s preliminary FY20 CDBG-CV funding recommendations with direction to allow the Community 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 with the City of Rapid City Community Development Block Grant Program Resident Participation Plan.
Major amendments, including changes beyond the thresholds described above or a substantial change in the purpose, scope, location, or beneficiaries will require a public comment period and final Council approval in accordance with the City of Rapid City Community Development Block Grant Program Resident Participation Plan.
Funding Source & Fiscal Impact (if applicable):
| Funding | Cost Center |
|---|---|
Recommendations:
Origination Recommendation Action:
Approve