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FY 2009-10 Consolidated Action Plan <br />March 16, 2009 <br />Fiscal Impact <br />HUD will enter into contract with the City for the grant amount. The grant is on a <br />reimbursement basis with funds being reimbursed by HUD after expenditure by the City <br />for activities designated in the Consolidated Action Plan. <br />Budget Authority <br />Budget authority is derived from Title I of the Housing and Community Development <br />Act of 1974 (24 CFR 570 et seq.). <br />Attachments: <br />A. Summary of the FY 2009-10 proposed activities and funding amounts <br />B. Draft FY 2009-10 Annual Action Plan (for CDBG and HOME Funds) <br />CONCLUSION <br />Staff recommends the City Council hold a public hearing, provide direction to staff on the <br />FY2009-10 Annual Action Plan, make the Plan and Draft HUD Section 108 Loan Guarantee <br />Application for Senior Center available for public comment for a period of 30 days from March <br />20 - Apri120, 2009, and set a public hearing for Apri120, 2009 to consider final approval of the <br />Plan and HUD Section 108 Loan Guarantee Application for Senior Center. <br />