Title:
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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.
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