Label
45th (2019) Year CDBG
Department of Neighborhood and Business Development
Bonita Bonds (x1401)
Title
Authorizing the Mayor to accept, deposit, appropriate and expend the Community Development Block Grant from the U.S. Department of Housing and Urban Development (HUD) in an amount estimated to be $6,711,564; authorizing the expenditure of CDBG carryover funds from all years prior to program year 2019 (45th) in the amount of $1,035,000; and authorizing submission to the U.S. Department of Housing and Urban Development of the One-Year Action Plan; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
This legislation provides funding for a variety of programs both for the administration of the CDBG program and programs operated internally by various City Departments and operations, Community Development Corporations, and Social Service agencies. This legislation authorizes the acceptance, deposit, appropriation and expenditure estimated to be $6,711,564 as well as the expenditure of CDBG carryover funds in the amount of $1,035,000 from all years prior to program year 2019 (45th) in federal funds and more specifically, the One Year Action Plan for the 2019 Program Year to be submitted to HUD on June 25th, 2019.
The financial impact of this Ordinance is the receipt of $6,711,564 from HUD to the City of Toledo for the administration of the CDBG Program as well as the allocation of funding to Community Development Corporations and various Social Service agencies in the Toledo community. Also, the expenditure of CDBG carryover funds in the amount of $1,035,000 from all years prior to program year 2019 (45th).
Summary
NOW, THEREFORE, Be it ordained by the Council of the City of Toledo:
SECTION 1. That the Mayor is authorized to submit the 2019-2020 One-Year Action Plan; accept the 2019 Program Year CDBG allocation from HUD, estimated to be $6,711,564; deposit the amount received from HUD into Account Code 2015-16100-407400-5G45000STDADM (Communit...
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