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19b <br />THE CITY OF <br />pL£~S~4NTONo CITY COUNCIL AGENDA REPORT <br />1 <br />April 15, 2008 <br />Assistant City Manager <br />TITLE: ADOPT A RESOLUTION APPROVING THE ANNUAL ACTION PLAN FOR <br />THE USE OF FEDERAL COMMUNITY DEVELOPMENT BLOCK GRANT <br />(CDBG) FUNDS FOR FISCAL YEAR 2008 (2008-09) <br />SUMMARY <br />Pleasanton will receive $274,681 in CDBG funds for FY 2008 (2008/09). At the meeting <br />of April 15, the Council will consider the allocation of CDBG funding for FY 2008. This <br />report summarizes the Annual Action Plan that must be submitted to HUD in order for <br />the City to receive its FY 2008 allocation of CDBG funds. The report makes a <br />recommendation to approve the Action Plan. <br />RECOMMENDATION <br />Approve the Annual Action Plan for Fiscal Year 2008 (2008-09) and direct staff to <br />submit to HUD by the applicable deadlines. <br />FINANCIAL STATEMENT <br />The approval of the annual Action Plan will not have a direct fiscal impact on the City. <br />As noted earlier, the City will receive $274,681 in CDBG funds for FY 2008 (2008/09). <br />