File #: 17-0439    Version: 1 Name: Amend General Fund 2017-2018 Budget to Reimburse HUD
Type: Resolution Status: Consent Calendar
File created: 11/20/2017 In control: City Council
On agenda: 12/19/2017 Final action:
Title: Amend the FY 2017-18 General Fund Budget to Reimburse the U.S. Department of Housing and Urban Development (HUD) Recommended Action: It is recommended that the City Council: (i) approve Resolution 2017-057 amending the City’s FY 2017-18 General Fund Budget to reimburse the City’s line of credit with the U. S. Department of Housing and Urban Development (HUD); (ii) authorize a budget amendment to increase the City’s Community Development Block Grant (CDBG) expenditure account 251-29-700-7142-8000; and (iii) authorize the City Manager or Economic Development Manager, or their designee, to execute and transmit all necessary documents required to complete the reimbursement of $665,775.
Sponsors: Rod Yahnke
Attachments: 1. SR Budget Amendment HUD 12-19-2017, 2. Resolution 2017-057
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Title Amend the FY 2017-18 General Fund Budget to Reimburse the U.S. Department of Housing and Urban Development (HUD)

 

Recommended Action:

 

It is recommended that the City Council: (i) approve Resolution 2017-057 amending the City’s FY 2017-18 General Fund Budget to reimburse the City’s line of credit with the U. S. Department of Housing and Urban Development (HUD); (ii) authorize a budget amendment to increase the City’s Community Development Block Grant (CDBG) expenditure account 251-29-700-7142-8000; and (iii) authorize the City Manager or Economic Development Manager, or their designee, to execute and transmit all necessary documents required to complete the reimbursement of $665,775.