City of Roswell
Georgia

Agenda Item
Consent Agenda Approved
Feb 26, 2018 7:00 PM

Approval of the Resolution to Accept the 2018 HOME Award and Budget Amendment 22115000-02-26-2018 to set up the grant funds and match in the amount of $64,524.69.

Information

Department:AdministrationSponsors:
Category:Resolution - GrantsMeeting Groups:Mayor and Council

Report Body

Item Summary:

The City has received its 2018 HOME agreement with Cobb County in the amount of $53,216.24. HOME funding can be used for building, buying, and/or rehabilitating affordable housing for rent or homeownership or providing direct rental assistance to low-income people in Roswell.  The City will issue a call for projects from HOME-eligible non-profits once the 2018 agreement has been executed. The projects will be reviewed for eligibility and will be presented to Mayor and Council for approval in the spring of 2018.

 

Committee or Staff Recommendation:

On February 13, 2018, the Administration, Finance, Recreation and Parks Committee recommended placing this Item on the February 26, 2018 Mayor and Council Agenda.

 

Financial Impact:

Budget Amendment BA22115000-02-26-2018 will recognize grant revenue and expenditures up to amount of $53,216.24 and a match of $11,308.45 from Grant Match Contingency. Upon approval up to the total project (grant plus match), $64,524.69 will be available in Org 22115000, Various Objects, and Project 18004 (Home Grant).

 

After this action, Grant Match Contingency will have a balance of $104,010.

 

Recommended Motion:

Approval of the Resolution to Accept the 2018 HOME Award and Budget Amendment 22115000-02-26-2018 to set up the grant funds and match in the amount of $64,524.69.

 

Presented by:

Charles Alford, Grants Specialist