Report Prepared by: Scott McBride, Director of Development Services, Development Services Department
Title
SUBJECT: Approval to Accept and Appropriate Grant Funds from the State of California Department of Housing and Community Development (HCD) from the SB2 Planning Grants Program in the Amount of $310,000, Approval to Accept and Appropriate Grant Funds from the State of California HCD Local Early Action Planning Grant Program (LEAP) in the Amount of $300,000, and Approval to use Pooled Cash to Cover the Appropriation until Grant Funds are Reimbursed
REPORT IN BRIEF
Considers accepting and appropriating grant funds from the State of California Department of Housing and Community Development (HCD) from the SB2 Planning Grants Program in the amount of $310,000, accepting and appropriating grant funds from the State of California HCD Local Early Action Planning Grant Program (LEAP) in the amount of $300,000, using pooled cash to cover the appropriation until grant funds are reimbursed, authorizing the Finance Officer to make necessary budget adjustments, and authorizing the City Manager or Deputy City Manager to execute all documents including any amendments.
RECOMMENDATION
City Council - Adopt a motion:
A. Accepting SB2 Grant Funds in the amount of $310,000; and,
B. Increasing revenue account 090-0804-324-02-00 in the amount of $310,000 and appropriating the same to 090-0804-512-17-00 for expenditures; and,
C. Accepting LEAP Grant Funds in the amount of $300,000; and,
D. Increasing revenue account 091-0804-324-02-00 in the amount of $300,000 and appropriating the same to 091-0804-512-17-00 for expenditures; and,
E. Authorizing the use of pooled cash to cover the appropriation until grant funds are reimbursed; and,
F. Authorizing the Finance Officer to make the necessary budget adjustments; and,
G. Authorizing the City Manager or Deputy City Manager to execute all documents, including any amendments.
Body
ALTERNATIVES
1. Approve, as recommen...
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