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02
City of Pleasanton
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CITY CLERK
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2011
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050311
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4/27/2011 12:28:44 PM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
5/3/2011
DESTRUCT DATE
15Y
DOCUMENT NO
02
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ALLOCATION OF SURPLUS / DEFICIT CDBG FUNDING <br /> The City has estimated its annual CDBG formula allocation for FY 2011 at $270,000 based on prior <br /> year grant allocations and cun-ent funding trends. Because of timing issues surrounding CDBG <br /> funding this year, the City Council approved a general contingency plan to address the allocation of a <br /> surplus (or deficit) in overall CDBG funding. The contingency plan is as follows: <br /> • In the case of a deficit in CDBG funding, funds shall he deducted proportionately from all <br /> CDBG - funded projects, except that the allocation for the Sojourner House Section 108 loan <br /> payment shall remain the same regardless of the final grant amount. <br /> • Any surplus funding shall be set aside for a collaborative regional food refrigeration / storage <br /> project sponsored by Tri- Valley agencies involved in food delivery programs (e.g., Open Heart <br /> Kitchen, Tri- Valley Haven, etc.). <br /> • Significant changes (e.g., more than 25% of the estimated amount) will be brought back to the <br /> Human Services Commission and /or the City Council for further determination. <br /> The City anticipates notification of its final CDBG allocation in May, and any change in funding (as <br /> compared to the $270,000 estimate used during the City's funding allocation process) will be <br /> apportioned based on the preceding plan. <br /> Action Plan - FY 2011 <br /> City of Pleasanton <br /> Page 16 <br />
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