Item Coversheet
Commission Agenda Item
 

MEETING DATE:  1/8/2018

SUBJECT:  State of Florida Department of Economic Opportunity (DEO) Community Development Block Grant (CDBG) Program Subgrant Agreement - FFY 2016 Funding Cycle for Neighborhood Revitalization

PREPARED BY:  Robert A. Bonetti, Finance & Administrative Services Director

RECOMMENDED ACTION:

A) Accept the CDBG-NR grant award; and,

B) Authorize the Mayor to execute the State of Florida Department of Economic Opportunity (DEO) Community Development Block Grant (CDBG) Program Subgrant Agreement - FFY 2016 Funding Cycle for Neighborhood Revitalization and to sign additional documents related to the agreement.

 

Summary

In July 2017, the City submitted a FFY 2016 CDBG Grant Application under the Neighborhood Revitalization Category.  On December 8, 2017, staff received notification of the award of grant funds for this Road Repaving Project. The total grant award is $700,000.  The City's match for the project is $50,000.

 

In order to receive the grant funding, the City is required to execute the State of Florida Department of Economic Opportunity (DEO) Community Development Block Grant (CDBG) Program Subgrant Agreement - FFY 2016 Funding Cycle for Neighborhood Revitalization.

 

Summit Professional Services, Inc., which developed and submitted the City’s grant application, will continue to provide assistance through the project process.

 
FINANCIAL IMPACT: Yes
BUDGETED: No
AMOUNT:  $750,000
FUNDING SOURCE:  General Fund, Grants
ADDITIONAL FINANCIAL INFORMATION:The City's required match is $50,000.  There are available funds in the Public Services Department FY 2017-18 Budget.
 
COMMISSION GOALS:
Economic Development, Quality of Life, Community Enhancement

 
ATTACHMENTS:
Description
Grant Award Letter
CDBG FFY16 Subgrant Agreement
SIGNED