Title:
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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.
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