SR 05:103 - Laserfiche WebLink

2) Approve the five-year Consolidated Plan (2005-09) and Annual Action Plan (2005-06) and direct staffto submit to HUD by the applicable deadlines; and 3) Authorize the City Manager to enter into contracts with subrecipients for FY 2005 funding and to take all other necessary actions to carry out the CDBG and HOME programs for FY 2005. SUMMARY: Pleasanton will receive $321,586 ($209,031 for capital projects, $48,238 for public services, and $64,317 for administration) in CDBG funds for FY 2005 (2005/06). A portion of these funds were allocated by the City Council two years ago as part of the three-year allocation program for fiscal years 2003 through 2005. This report summarizes the new applications that were received fi.om local non-profit agencies for remaining FY 2005 CDBG funding and for federal HOME funds and makes a recommendation for the allocation of funds for the coming fiscal year 2005. Honorable Mayor and Members of the City Council: BACKGROUND As the Council is aware, the City conducted an extensive application and review process two years ago relative to the federal Community Development Block Grant (CDBG) program. In March 2003, the Human Services Commission and Housing Commission reviewed applications for the current three-year funding cycle (fiscal years 2003, 2004, and 2005). The three-year CDBG funding program was approved by the City Council in April 2003. A supplemental application process took place last year at this time to allocate uncommitted funds for the second program year (FY 2004). Table B provides a summary of the funding allocated for the fiscal years 2003 and 2004 as well as projects approved for the coming fiscal year (2005). The City was recently notified by HUD that its allocation for FY 2005 (2005-06) will be $321,586 (a 5.7% decrease from the prior year grant of $341,000). As shown in Table B, a total of $231,641 of this amount was allocated for FY 2005 projects as part of last year's three-year allocation plan. The resulting funds that remain for allocation to additional projects for FY 2005 are summarized in the table below: CATEGORY AVAILABLE APPROVED REMAINING ' Ca@ital/Rehab. $209,031 $132,324 : $86,707 Public Services $48,238 $35,000 i $13,238 Administration $64,317 $64,317 ; $0 TOTAL: $321,586 $231,641 $99,945 · SR:05:103 Page 2 c~o ccsR 2oos nn~.ao~