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Home My WebLink AboutAgenda Report - March 21, 2007 K-03A"KDA IITFNA FVVS CITY OF LUDI COUNCIL COMMUNICATION TM AGENQ A 11TLE: Repeal Resolution 2007-40 and adopt Resolution approving the revised distritmtion of the 2007-08 Federal allocation of Community Development ®lock Grant and HOME Program funds and the reallocation of available funds from previous program years. MEETING DATE: March 21, 2007 PREPARED BY: Community Improvement Manager RECOiiA ACTION: Repeal Resolution 2007-40 and adopt a Resolution approving the revised distribution of the 2007-08 Federal Community Development Block Grant (CDBG) and HOME Program funds and the reallocation of available funds from previous program years. BACKWOUND HMFORMAIRON: As indicated at the Public Hearing that was conducted on Mardi 7, 2007, our allocation of Federal funds from the Department of Housing and Urban Development (HUD) had not yet been finalized and adopted by Congress and was estimated to be $610,460 for CDBG funds and $263,675 for HOME funds. The offelal allocation amounts were released on March 9, 2007. Our CDBG allocation is $717,592, and our HOME allocation is $261,860. With the revised allocations that provide $107,132 more in CDBG funds and $1,815 less in HOME funds, a Resolution is needed to revise the distribution of funds. We are not required to conduct a second Public Hearing to address this revision. It is recommended that the additional CDBG Program funds be distributed to those projects and programs that were approved for funding during the Public Hearing on March 7t'. Specifically, the additioral $107,132 in CDBG funds would be allocated to the LOEL Foundation for their Senior Housing Acquisition, and their HOME fund allocation would be reduced by the same $107,132, thereby allowing us to dedicate that amount of HOME Program funds to our existing Down -Payment Assistance loan Program. As indic eted in the attached Performance Data for the Housing Assistance Loan Program (Exhibit A), in the past -five years we have made 17 down -payment assistance loans totaling $550,380. It should be noted that due to the increase in housing prices in 2004, the maximum loan amount of $20,000 was not sufficient to bridge the down -payment "gap" that many homebuyers encountered and housing assistance loan programs throughout the County ground to a halt until those limits were raised, first to $50,000 in 2005 and then to $80,000 in 2006. With those increases, we have seen movement again within the program. Just in the first 3 months of 2007, we have two applications in process. However, with those higher loan amounts, the allocations of HOME funds are depleted that much quicker, thereby emphasizing the need to maintain an annual allocation of HOME Program funding there. APPROVED: BIki_r_Xhg, City Manager A compotrison of funding origonally allocated at the March 7"' meeting and the proposed redistribution of funds c*n be found on the alached spreadsheet (Exhibit B). The addition of $40,596.68 irq reallocated CDBG funds from previous program years was not affected by the chaff hge in our CDBG allatcation and remains as such in the attached Resolution. FISCAL IMPACT: There is no fiscal impact as the total of the funding amounts for those projects and services approved during the initial Public Hearing are being maintained. FUNDtW AVAILABLE: 2007- reK & HOME Program Funding Budget Manager it 1 V C ph Concurred: Randy ch C muility Improve m6rtt'1(VIarvager Community Development Director Attachmerft cc: City Aoorney's Ofte SJC Obmnxinity Development Hcyswap "Tfi+�r — t �s Loan Proparn PIm .5 2006 - 2 HornebuMo AssisW • 904 144, RWWdge ($60,000) • 910 Rl Rhe (,000) 2045 -; 2Honobuy ' . • 2401 rs Dri07 ($50,OOtiI) • 2401 Mere DrWIG4 ($31,5W) 2004 - 1 Hor4ebuy Assisted • 1800. Swasnento St. ($20,00 2003 WHO buy Aasii d • 72ti ay Ct #74 t$ o,owr 0 906 Fsw000 ($20,OW) • 625 Ci h.St. (0,owr • 515 wolhiroon St. (sm,owr • 312 l.art*49t Ct. 0,000)* 700 McCoy Ct. #32 ($20,Ooor • 1215 *f. Lodi Ave. ($20,000) • 60$a Scoff St. , ()" • 445 Mand Dr. #6 {x20,000)* 2052 - 3 Honsebay Assis4od • 1419 . SO St. (x20,000)' 854 (x1 a•)* 1230 . Lee ($20,040)* * 1 ndic es loam paid -off aid x298j800 in funds returned as program income for re-uss in saw progra . EXHIBIT B Revised Allocations 2007-08 CDBG Program Allocations Initial Allocation Revised Allocation ESWAW*d Ak40jan $610 }.00 AO". $717.502M Reallocated Funds $40,596.68 Reallocated Funds $40,596.68 $651,056.68 $758,188.68 City Projects Handicap Ramp Project $54,339.00 $54,339.00 Grape Bowl Accessibility Improvements $225,000.00 $225,000.00 Lodi Library - Entrance Improvements $19,000.00 $99,000.00 Communitv Based Organization Projects Lodi Boy's & Girl's Club Interior Improvements $10,000.00 $10,000.00 Community Partnership for Families Resource Center $100,000.00 $100,000.00 LOEL Foundation - Acquisition of 104 S. Washirwgton $100,000.00 $207,132.00 Salvation Army ADA Accessibility $38,654.00 $38,654.00 Communily Based Organization Services San Joaquin Fair Housing $6,600.00 $8,600.00 Second Harvest Food Bank $10,000.00 $10,000.00 Planning and Administration Program Administration $85,463.68 $85,463.68 2007-08 HOME Program Allocation Estimated Allocation $263,675.00 Actual Allocation $261,860.00 Communt Based Organization Proiects LOEL Foundation - Acquisition of 104 S. Washington $263,675.00 $154,728.00 City Programs Housing Assistance - Downpayment Assistance Prog. 0 $107,132.00 RESOLUTION NO. 2007-54 A RESOLUTION OF THE LODI CITY COUNCIL REPEALING RESOLUTION NO. 2007-40 AN$) FURTHER APPROVING THE REVISED DISTRIBUTION OF THE 2007-06 FEDIERAL ALLOCATION OF COMMUNITY DEVELOPMENT BLOCK GRANT AND HOME PROGRAM FUNDS, AND FURTHER REALLOCATING AVAILABLE FUNDS FROM PREVIOUS PROGRAM YEARS WHEREAS, the Department of Housing and Urban Development has determined that the City of Lodi, Califorriia, is entitled to Community Development Block Grant (CDBG) and HOME funding as a participating city through the County of San Joaquin and Urban County for fiscal year 2W7-0$ Fedemal allocation; and WHEREAS, the City Council of the City of Lodi was made aware of the approximate amount of the CDBG and HOME funds available for the 2007-08 Federal allocation for fiscal program year 2007-08 in the amounts of $610,460.00 and $263,675.00, respectively; and WHEREAS, the City of Lodi held, with proper notification, a public hearing at the City Council meeting of March 7, 2007, to receive comments and proposals from the public regarding the projected use of CDBG and HOME funds and provided the public with adequate information concerning the amount of funds available for community development activities, the range of eligible activities, and other important requirements; and WHEREAS, the City of Lodi, California, received public input regarding the proposed use of CABG and HOME furl; and WHEREAS, the City Council of the City of Lodi has been made aware.that the official alloostion amounts were released on March 9, 2007, and that the City of Lodi's CDBG allocation is $717,592.00 aril the HIOME allocation is $261,860.00; and WHEREAS, the revised allocations provide an additional $107,132.00 in CDBG funds and $1,815.00 less in HOME funds; therefore, staff recommends that the City Council adopt this Resolution revising the distribution of funds; and WHEREAS, a second public hearing is not required to address this revision, and it is therefore recommended that the additional CDBG Program funds be distributed to those projects and programs that were approved for funding during the public hearing on March 7, 2007, more specifically as follows: that the additional $107,132.00 in CDBG funds be allocated to the LOEL Foundation for Senior Housing Acquisition and its HOME Fund allocation be reduced by the same $107,132.00, thereby allowing staff to dedicate that amount of HOME Program funds to the City's existing Down Payment Assistance Loan Program; and WHEREAS, staff recommends the reallocation of $40,596.68 of unused available CDBG and HOME funds from previous program years to supplement the 2007-08 funding and reduce the balance of unused funds, as shown as follows: S�a�c�s: oaf.iiEilelibcJFu�s Pr*d 99-07 Lodi Grape Bowl Improvements $12,683.91 Project 02-06 LUSD — Healthy Start Scholarships $23,160.99 Project 02-17 Elm Stmt Property Acquisition $ 3,876.24 Project 03-15 Mary Graham Child Advocacy Center $ 725.00 Project 04-05 Stockton Emergency Food Bank $ 160.00 Project 04-14 LOEL Senior Center and Gardens $ .54 $40,696.68 WHEREAS, staff therefore recommends the allocation of 200708 CDBG and HOME fund to projects as shown on Exhibit A attached hereto. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Lodi does hereby approve the recommended 2007-08 Federal allocations of CDBG funds to the projects recommended by staff in the amount of 717,592.00, as shown on Exhibit A attached hereto; and BE IT FURTHER RESOLVED that the City Council of the City of Lodi does hereby approve the recommended 2007-08 Federal allocations of HOME funds to the projects recommended by staff in the amount of $261,860.00, as shown on Exhibit A attached hereto; and BE IT FURTHER RESOLVED that the City Council hereby approves the reallocation of $40,596.68 of unused available CDBG and HOME funds from previous program , years to supplement the 2007-08 Banding and reduce the balance of unused funds, as shown as follows: SoMps of AWN204fun& Project 99-07 Logh Grape Bowl Improvements $12,683.91 Project 02-06 LUtD — Healthy Start Scholarships $23,160.99 Project 02-17 Eln% Street Property Acquisition $ 3,876.24 Project 0:3-15 Maury Graham Child Advocacy Center $ 725.00 Project 04-05 St=kton Emergency Food Bank $ 150.00 Project 04-14 LOEL Senior Center and Gardens $ .54 $40,596.68 Dated: March 21, 2007 I hereby certify that Resolution No. 2007-54 was passed and adopted by the City Council of the City of Loci in a regular meeting held March 21, 2007, by the following vote: AYES: COUNCIL MEMBERS — Hansen, Hitchcock, Katzakian, Mounce, and Mayor Johnson NOES: COUNCIL MEMBERS — None ABSENT: CCKJNCIL MEMBERS — None ABSTAIN: COUNCIL MEMBERS — None 4ANDI"JOHL City Clerk '•IWMI Revised Allocations EsWaW 1#f�4 .sllb C.su,_, Prat Handicap Ramp Project Grapo SwA coo ftg" Lod toy's 8 Giffs Club €ntarior Improvements CawmwftPobw"O for Fate Center LOEL F - Alr W*m o1104 S. Washington SOnOw Amy ADA Adosasbft CBQ SM Joaquin Fair Hoang Second HSC469 Food 881* Ekfflft arty Program Admiration 2007-09 HOME Program A6ocation Esdffv Bd Al ocOw "Q prgim LOE Foundation - AcqtAition of 104 S. Washkoon Housing Assistance - Downpayment AselsMance PrOg. $54,339.00 SMAWOO AMMOM $10,O00-00 $#:$® $100.000.00 $38,664.00 $8.803.010 $10.000140 $85,463.68 $28"75.00 $263.675.00 0 A10"No: AMW AMOCXW $7"1 ZANY FAMOOMed Funds $758,188.68 ,339.00 ;a9.00 $10,000.00 $1*,MWAM $207,132.00 $S a0A.00 $10.0" Sa5.463.68 Atdual Allocation $261,0000 PA.SM