HomeMy WebLinkAboutR03-Economic Development Agency
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JEVBIDlIII!m' IBI'ARDCI!Hr 011 'DIE
C1'1'lr 011 DR ~
ltaJ'...... ItIl ~'ft.JUJfJP~I...1CTD21
Fran: IaHmlH J. HDlIERSCN
ExIlaltive Di!:ec:tar
SUbject: IY 1191/1992 amG
~ JIIX
Date: Fel:lruazy 11, 1991
sz..,peis of ftwiCIuII ~..4<l11/",,".....n/cc.aittee actiaD:
'lhis matter ws ccnsidered by the Mayor ani 0. ..... ", 0c:mlci1 CI'1 FebJ:uaJ:y 4, 1991 ani
referred to the t'roIonI11'1i.ty DeveJ._1t ""-4...iCI'1's R8d8vel_.t. cc.aittee.
11<< _.~ JIotiCID:
(Mayor ad .,
.. """.......1)
'DIM' 'DIE ~ MID CXHDf ~. Arnuv. MID ADOft 'DIE IY 1991/ltll2 amG PR:lGlWI
JIIX lOR 'DIE ftiIU.I.U III!mJlMIlO JULY 1, lllll1 MID 1D1DIF JtR 30, 1992 MID Ml'lBlRIZE
8'mI'P 'lO SOLXCIT ~ lOR 11IMB.
011__ ~~, I!IDclUtive Director
n.v.l '1 -.L DIpIrt:MDt
contact PlmIan:
Ken ~~ Flares
P.bcne: 5065: 5081
ward(s) : 1 thrcuah 7
Project Area:
N/A
~ Data AttadIed:
FUNDING RE1,JJIREMI!Nl':
A't-.Af''' Recent: FY 1991/1992 ~ Pl.u..ILCIlll Mix
Amount: $1.878.000.00
8alrCe:
Py 91/92 t"I'R': I.OC
aXIget Authority:
""-4 ..1011/0--.......1 1Iotes:
KJH:lab:4239
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IT 19'111112 tnn >>a~..- ......
en ~ 1, 1991, lll:aff ClCI'ducted rH-1SSicnI with the City'. HlJD
n-n."'Iity Pllu1n1n) aM DlIvel'l"'-'&l. a-. s ,ll4tive regaxdiJq the City's Fl(
1991/1992 era; allocatia1. As a result of this ..H-.....ien, lll:aff was
:i1'Ifcmaed the total grant 8IIICU1t far the l'igpi'11 1991/1992 fiscal year has
been increased by nine peroe1~ (9%) tlqn ~ ~.....lL fiscal year to a
total of $1,862,000. In lIdditicn, .........~ received t.rcm HlJD en
~ 1, 1991, ref............... a total oflcne pet"""'lL (1%), or $16,000, held
back t.rcm Fl( 1990/1991 aM, ~,~ to the Fl( 1991/1992
allocatia1, brin;Ji.D;J the total Fl( 1991/19~ 8IIICU1t to $1.878.000.
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11--_ the p.,~..... Mix cat.egcries are \1B8d to solicit ....''^''"'',.. t.rcm
i.n1ivj.......,.., n...........fit agencies aM CitydepartmBnts, it is useful to
review the p.,~..... Mix a........d..ly jn effect aM the Mix fran the i-...'li..te
put fiscal year:
=- ~....y..4 IJ:~ ~na
.....- D I2Ln DnlD
PUblic services $ ~- $ $
258fi~0 246,963 281,700 (15%)
. (InclIDs Fair HcusiD)) ...
~'1l.":"
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Capital ~...".......d.s $ 63~~Cl& $ 600,173 $ 772,958
Rehabilitaticn IDans/Grants $ 150l000~ $ 220,000 $ 359,742
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Demoliticn $ 4-0- $ 100,000 $ -0-
Purchase of no.'-'1I'1 Heights n $ 88,000
water System (2M Payment) <or
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Infill HcusiD) (Acquisiticn $ ~ -0- _$ -0- $ -0-
Off-Sites) ::
~........iated Reserve $ 339,000 '$ 150,000 $ -0-
Administraticn: S 344 ~Oo--S 329.284 S 375.600 (20%)
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81.724.000 -'1.''''.420 81.878.000
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'lhe rec:~ ....-'1ded allocatia1 far PUblic services, tmi.ch incJ.1Ds Fair Hcusirg
vities, is $281,700, fifteen i"""''''''''Jt. (15%) -of the grant aM the _vi,,",", all
by law. staff is also rec: .....-'XiiD:J that. ti)eJ(ayor aM 0....... 0lUIX:il, as jn
put tnr. (3) years, limit grant awards jn this categal:y to a _vi,,",", of
$20,000.
KlH: lab: 4239
CXIMIS8ICIf Jlll!il5"J.".uIJ
JfeetiDq Date: 02/18/91
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IZ9BIDHIBN:r ~f1DtD -..a:
1'lC all1/all2 am J1..~_ K:Ix
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staff is No' .......,Idi.n; an IIIIDlI1t of $772,958 far Cllpital iJIprc:Nement ani
infrastructure projects. In lIdditia't to the ccnstnIcticn ar nhabUitatian
of wricus projects, other eliqible activities under this category irolude
arc:bitectural ani en;inesrin;J smvices, histaric ~ (nhabUita-
tia't) ani the acquisitia't ani "~~itia't of real ....._ty. Historically,
City deprt:IIIBnts have 8Ub11itted IIEMlral. QlicatialS far financial.
assistance -..."..... of General P\ln:i I:ludget ccn straints. Oller the last foor
(4) years, the Mayer ani ''''''''''1 CDmcil haw allocated to this categoIy sane
2.4 millicn .....ll~.
umer the RehabUitatia1 IauVGrant category, staff is ~. ""-'XiiD1 an
.increase trail $220,000 to $359,742 ~1P9 of significant dBDand ani the
bIplementatia1 of sidewalk fill-in ani lamacape devel__'L ....."'6L........ 'lhis
IIIIDlI1t WI:Wd haw been increued fUrther still 1:lut far the mid year
acquisitia't of the no.1_'1I1 Heights Water System. 'DIe IIIIDlI1t allocated to
this project ($88,000) is the -=a~ of five (5) annual installments far the
pmilase of this water system.
Additialally, the nhabUitatia1 lean ....."'6L..... Il88ists in the upgradin;J of
c1ecJ.iItin1 resident1al. neigbboJ:ixx:x: ani g.......at:es ....."'6L..... incc:me ~cb
allOolB the HaJsirq RehabUitatiQ'1 Secticn to ~ self-sufficient. Given
the age ani a:niitia't of the City's hcusirq stock, this ~"'6L....., until very
:n.o&.tLly, has been the a'lly reliable IIClll'08 of fiMnr:::in;J far haDe
hprcvement lOlWl far low to .:lderate incc:me lnlseholds.
umer the Administ:ratia\ category, staff is 1"'" .......Idi.n; $375,600 ar twenty
peroellt.. (20%) of the grant ani the _vi"'1III allowed by law. 'l!Iese funds
SUW ...L 3.5 to 4.0 full-tJme equivalents (FlEa) ani finmxle the cverall
~ .-.It ani administraticn of the City'. au:; pt""""......
No funds are beirlq nc" ...-. dEId far DEIIIoJ.itia't, Infill HaJsirq ani the
~,,,,".dated Reserve far the relUICnI Bet forth below:
1. no.mnliH.....: 'DIe IIIIDlI1t ~ in this furJi is sufficient to CXJYer
anticipated projects.
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2. InfU1lh,-in::r: FiMnr:::in;J far infill hcusirq projects new caaes fran the
DeparbDent's 'lWenty-PeJ:\ocIIL (20%) Set Aside PL"'6L......
3. A....n............lat-... ~--erve: 'DIe IIIIDlI1t nIIlIlin1n;J in this furJi is sufficient to
CXJYer the costs of anticipated projects.
en P'ebruaIy 7, 1991, the RIdsvel__tL OCIIIIIittee ccnsidered this matter ani
reo ....-"deli to the Mayor ani n ..... . , CDmcil approval of this item.
Rooa<<! upc:Il the far&gOirq, I re.. .-..-10 adqltiQ'1 of the tom 1IDt:ia1.
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DtltlE'1H J. ~, BDcIutiVII Director
Dn'el '1 ~t. DIparbI8Dt
KJH: lab: 4239
a:IIIIS8ICtI ~.L.J.IG
IIIet:iDq Date: 02/18/91