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orPora,e <br />CITY OF COLTON 1887 <br />40 j f oto <br />AGENDA REPORT <br />For Council Meeting of October 4, 1994 <br />TO: HONORABLE MAYOR AND CITY COUNCIL DATE: September 27, 1994 <br />FROM: JOHN HUTTON <br />Public Works Director <br />SUBJECT: AUTHORIZATION TO PROCEED WITH FUND REALLOCATION OF C.D.B.G. FUNDS <br />TO CONGRESS STREET IMPROVEMENT PROJECT AND REQUEST AUTHORIZATION TO <br />PROCEED TO BID UPON C.D.B.G. APPROVAL <br />BACKGROUND: <br />The City of Colton receives allocations of Annual C.D.B.G. Funds for projects <br />in targeted areas. <br />Recently one of the projects was completed with a substantial savings of <br />approximately $50,000 (attached exhibit report shows exact amount). <br />Another area allocated funds from C.D.B.G. is the Congress Street area <br />improvement project, of which did not receive a funding allocation in an <br />amount necessary to accomplish the total project. <br />DISCUSSION: <br />Staff would suggest that it is appropriate to reallocate, by official request <br />to C.D.B.G., the amount saved on the Bordwell area paving project to the <br />Congress Street area paving project to have the funding source necessary to <br />accomplish the entire project as proposed. <br />RECOMMENDATION: <br />Staff would recommend that Council direct the C.D.B.G. liaison staff to <br />request the savings from the Bordwell area paving project be transferred to <br />the Congress Street Improvement Project in order to proceed to bid. <br />In order to save time staff would additionally recommend that authorization <br />to proceed to bid be given based upon receiving C.D.B.G. approval of fund <br />reallocation. I /--1 <br />City Manager's Concurrence: <br />B:REALLAG <br />,1�. 100 A 14 <br />