NUMB:
000457
VERS:
SUBSTITUTE 1
REF:
XXBY:
THE CHAIR
TITL:
Substitute resolution relative to community development funding for Large Impact Development (LID) projects.
ANLS:
This resolution authorizes the extension of several Large Impact Development projects, and implements an amended Large Impact Development funding policy and includes an additional funding cycle.
BODY:
Whereas, The Community Development Committee on July 12, 2000 approved the extension of several funded Large Impact Development projects; and
Whereas, The Community Development Committee also approved the amended Large Impact Development funding policy and included an additional funding cycle; now, therefore, be it
Resolved That Community Block Grant Administration will implement the amended LID funding procedures for all future LID funding cycles as indicated in the attached amendment (Exhibit A); and, be it
Further Resolved, That the Community Block Grant Administration will have a separate allocation of LIDS for the year 2001 to coincide with the regular CDBG LID allocation cycle as stated in (Exhibit B); and, be it
Further Resolved, That the Comunity Block Grant Administration is responsible for execution of subrecipient contract extensions for each of the approved extended projects through November 15, 2000, as indicated in the attached letter dated July 6, 2000, (Exhibit C); and, be it
Further Resolved, That these projects are required to submit budget and activity reports in amounts and according to any conditions approved by the Common Council and the Mayor attached to and made part of this resolution and in conformance with File Number 74-92-5v to the Community Block Grant Administration and the City Comptroller for their review and approval; and, be it
Further Resolved, That payments for CDBG costs incurred shall be paid in accordance with approved CDBG reimbursement policy based on the approval by the Community Block Grant Administration an...
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