Substantial Amendment to FY 2008 Annual Community Development Action Plan

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Substantial Amendment to FY 2008 Annual Community Development Action Plan

  1. 1. Planning & Development Services Community DevelopmentRegular Agenda Item # 1Substantial Amendment to the PY 2008 Annual CommunityDevelopment Action Plan March 22, 2012
  2. 2. Planning & Development Services Community DevelopmentBackground:• CDBG and CDBG-R funds utilized in October 2009 to purchase 204 – 220 Holleman• Intent to secure private developer to construct a mixed-use development to provide affordable housing, job creation and open recreational space• CDBG-R requires accomplishments and grant close-out no later than September 30, 2012
  3. 3. Planning & Development Services Community DevelopmentProposed Revised Use of CDBG-R Funds:• $299,821 in CDBG-R funds were used to acquire 204 Holleman – one lot only• Local funds can be substituted for CDBG-R funds used for Acquisition• Use of CDBG-R funds can be revised from Acquisition to Public Facility• Alternative to the need for the City to repay HUD $299,821 with no benefit to citizens
  4. 4. Planning & Development Services Community DevelopmentBenefit of Revised Use of Funds:• No impact on Holleman property future development• Possible Reimbursement of General Fund following future development of Holleman Property• Provide area benefit to 2 eligible neighborhoods• Construct approximately 4,900 linear feet of sidewalk in areas with high pedestrian traffic
  5. 5. Planning & Development Services Community DevelopmentLocation of Proposed Neighborhood Sidewalk: Location 1 – Holleman Drive East
  6. 6. Planning & Development Services Community DevelopmentLocation of Proposed Neighborhood Sidewalk: Location 2 – Lassie Drive
  7. 7. Planning & Development Services Community DevelopmentLocation of Proposed Neighborhood Sidewalk: Location 3 – Manuel Drive
  8. 8. Planning & Development Services Community DevelopmentLocation of Proposed Neighborhood Sidewalk: Location 4 – Pedernales Drive
  9. 9. Planning & Development Services Community DevelopmentRequirements to Revise Use of Funds:• Public Comment Period• Approval by Council• Submission to HUD• Budget Amendment at a future date• Completion of construction and grant close-out reporting no later than September 30, 2012
  10. 10. Planning & Development Services Community DevelopmentStaff Recommendation:• Approval of substantial amendment to the PY 2008 Annual Action Plan revising use of $299,821 in CDBG-R funds from Acquisition to Public Facility
  11. 11. Planning & Development Services Community DevelopmentQuestions?

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