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City Council Meeting of <br />November 15, 1994 <br />Reprogramming of CDBG Funds <br />The Public Works Department has requested that the balance of funds be re- <br />programmed to the CDBG Project, "Street Improvements - "M," Congress and <br />Sixth." This project was funded in Fiscal Year 1991-92 in the amount of <br />$104,900. There are, however, insufficient funds to begin the construction of the <br />project. In order to start this activity, the project has been separated into two <br />phases. The additional $60,338 in CDBG funds will allow the project to begin <br />construction of Phase I. This project is located in South Colton and will greatly <br />benefit the residents of that community. <br />FINANCIAL IMPACT: <br />There is no financial impact to the City's general fund. Construction and <br />engineering costs are paid from federal funds through the CDBG Program. <br />RECOMMENDATION: <br />Staff recommends that the City Council approve the reprogramming of $60,338 <br />from the completed CDBG activity, "Street Improvements - Olive, Bordwell, La <br />Cadena and Mt. Vernon," to the project, "Street Improvements - "M", Congress <br />and Sixth." <br />DRZ/ALS/kd <br />CITY OF COLTON <br />COMMUNITY DEVELOPMENT DEPARTMENT <br />2 <br />