Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Amending The One Year Action Plan For Federal Fiscal Year 2019-2020 To Re-Allocate $370,546.12 Of Community Development Block Grant COVID-19 Funds For Program Use; Amending The Fiscal Year 2024 Operating Budget; Authorizing The City Manager To Execute All Documents To Facilitate Such Amendments.
Strategic Plan Focus
Quality of Life & Strong Neighborhoods
Body
Staff Recommends: Approval of attached Resolution.
Explanation:
Pursuant to the authority provided under the Coronavirus Aid, Relief and Economic Security (“CARES”) Act, the United States Department of Housing and Urban Development allocated a supplemental Community Development Block Grant allocation (CDBG-CV) with specific waivers to respond to the COVID-19 health emergency.
The City has unspent CDBG-CV funding in the amount of $370,546.12 that may be re-allocated for program use. The Community Development Division proposes the re-allocation of funds as follows:
CDBG-CV Transfer from:
HVAC (LMI Community Centers) $ 250,000.00
Business Assistance $ 31,701.26
Laptops and Wiring (LMI Community Centers) $ 679.24
Homeless Services $ 88,165.62
Total $ 370,546.12
CDBG-CV Transfer to:
Public Services $ 160,546.12
Public Facilities and Improvements $ 210,000.00
Total $ 370,546.12
Proper notice has been provided to the citizens of Hollywood prior to this hearing in accordance 24 CFR Section 91.105(c)(2) and (k), Section 91.115(c)(2) and (i), and Section 91.401 to provide reasonable notice and opportunity for citizens to comment on substantial amendments to the One Year Action Plan.
On July 10, 2024, the Community Development Advisory Board met to review and discuss the proposed amendment to the One Year Action Plan for Federal Fiscal Year 2019-202 and recommends approval of the proposed amendment by the City Commission.
Fiscal Impact:
Funding will be made available in Fiscal Year 2024 Operating Budget as detailed in Exhibit 1, to re-allocate CDBG-CV funding within the Community Development Block Grant Fund subject to approval of this resolution.
Recommended for inclusion on the agenda by:
Ryon Coote, Community Development Division Manager
Raelin Storey, Assistant City Manager