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City Council Meeting of November 18, 1997 <br />Reprogramming of CDBG Funds <br />Page 2 <br />Public Works has indicated that with the additional funds, and by combining <br />other CDBG funded street improvement projects for solicitation of bids, the City <br />may receive lower bids for construction of the improvements. Staff concurs with <br />the Public Works Department and is in support of this request. <br />ALTERNATIVES: <br />Deny the use of CDBG funds for this project, and -request the Public Works <br />Department to seek other sources of funding for improvements to the east side <br />of Pennsylvania Avenue. <br />FINANCIAL IMPACT: <br />There is no financial impact to the city general fund. Eligible CDBG costs are <br />reimbursed 100%. There are sufficient funds in the Contingency Account to <br />support this request. /� <br />Development Director <br />ENVIRONMENTAL IMPACT: <br />None. <br />RECOMMENDATION: <br />Staff recommends the City Council approve the reprogramming of $44,855 of <br />CDBG funds from the Colton Contingency Account to the activity, "Street <br />Improvements -Pennsylvania, from Mill to Johnston"; authorize the Finance <br />Director to adjust the City Budget accordingly; and adopt the attached <br />Resolution Number approving the requested reprogramming action. <br />DRZ:ALS <br />Attachments <br />