File #: 17-0440    Version: 1 Name: Amend General Fund 2017-2018 Budget to Reimburse HUD- Microenterprise
Type: Resolution Status: Consent Calendar
File created: 11/20/2017 In control: City Council
On agenda: 12/19/2017 Final action:
Title: Amend the General Fund Fiscal Year 2017-2018 Budget to Reimburse the U.S. Department of Housing and Urban Development (HUD) - 2012-2013 Microenterprise Recommended Action: It is recommended that the City Council: (i) approve Resolution 2017-058 amending the City’s Fiscal Year 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 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 repayment of $119,227 and the reprogramming of funds into other eligible CDBG activities.
Sponsors: Rod Yahnke
Attachments: 1. SR Microenterprise HUD Monitoring Budget Amendment 12-19-2017, 2. Resolution 2017-058
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Title Amend the General Fund Fiscal Year 2017-2018 Budget to Reimburse the U.S. Department of Housing and Urban Development (HUD) - 2012-2013 Microenterprise

 

Recommended Action:

 

It is recommended that the City Council: (i) approve Resolution 2017-058 amending the City’s Fiscal Year 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 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 repayment of $119,227 and the reprogramming of funds into other eligible CDBG activities.