TO: Mayor and City Commission
FROM: Samuel A. May, Interim City Manager
DATE: May 17, 2017
Title
APPROVING THE CITY OF MARGATE COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) AMENDED CONSOLIDATED PLAN FOR PROGRAM YEARS 2015-2019 AND THE CITY’S ANNUAL ACTION PLAN FOR PROGRAM YEAR 2016, PROVIDING FOR LEVERAGING OF FUNDS; AND ADDING ADDITIONAL ACTIVITIES TO THE PLAN.
BACKGROUND:
The U.S Department of Housing and Urban Development has approved the City’s Amended Consolidated Plan for Program Year 2015-2019, and the Annual Action Plan for Program Year 2016. This amendment provides additional activities to the City of Margate’s program for use of CDBG funds, including First-time Homebuyer Purchase Assistance and Public Facilities. The amendment also allows leveraging of additional funds from alternative sources.
RECOMMENDATION:
Approval
FISCAL IMPACT:
The City’s CDBG program will receive CDBG funds for Program Year 2016 in the amount of $338,937.00.
CONTACT PERSON:
Benjamin Ziskal, AICP, CEcD, Economic Development Director