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THE CITY OF <br />_ _ ~- <br />j~L£~S~NTONo CITY COUNCIL AGENDA REPORT <br />April 17, 2007 <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 2007 (2007-08) <br />SUMMARY <br />Pleasanton will receive $285,394 ($185,506 for capital projects, $42,809 for public <br />services, and $57,079 for administration) in CDBG funds for FY 2007 (2007/08). At the <br />meeting of April 3, the Council approved the allocation of CDBG funding for FY 2007. <br />This report summarizes the Annual Action Plan that must be submitted to HUD in order <br />for the City to receive its FY 2007 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 2007 (2007-08) 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 $285,394 in CDBG funds for FY 2007 (2007/08). <br />The majority of these funds (80%, or $228,315) will be allocated to agencies that <br />provide programs and services for low-income Pleasanton residents. The remaining <br />20% ($57,079) will be used to fund local administration of the CDBG program. <br />