Posted: May 11, 2022
Rapid City
Agenda Item Summary

Agenda Item Ref. #: LF051122-14 - Authorize the Mayor and Finance Director to sign the FY21 Mid-Year CommonBond’s Contract and Covenants

Agenda Item Title:

LF051122-14 - Authorize the Mayor and Finance Director to sign the FY21 Mid-Year CommonBond’s Contract and Covenants

Origination Group:
Legal & Finance Committee
Origination Meeting Date:
05/11/2022
City Council Hearing Date:
05/16/2022
Petitioner:
Community Enrichment Division (Formerly CDBG Program Division)
Staff Contact:
Michelle Schuelke, Community Enrichment Division Manager
Agenda Item Summary:
Staff is seeking City Council approval for the Mayor and Finance Director to sign two copies of the FY21 Mid-Year CDBG Community Development Block Grant Subrecipient Contract and two copies of the Indenture of Restrictive Covenants for CommonBond Communities

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center

Recommendations:

Origination Recommendation Action:
Approve

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