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CC - CONSENT ITEM: (1) Approval of the Community Development Block Grant Fund Allocation for Fiscal Year 2023/2024; and (2) Adoption of a Resolution Authorizing the Filing of the Application for Funding.
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Meeting Date: February 27, 2023
Contact Person/Dept: Elaine Warner / Office of Economic and Cultural Development
Phone Number: (310) 253-5777
Fiscal Impact: Yes [X] No [] General Fund: Yes [] No [X]
Attachments: Yes [X] No []
Commission Action Required: Yes [] No [X]
Public Notification: (E-Mail) Meetings and Agendas - City Council (02/22/2023); Posted at City Hall (02/02/2023).
Department Approval: Jesse Mays, Assistant City Manager (02/17/2023)
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RECOMMENDATION:
Staff recommends the City Council (1) approve allocation of Community Development Block Grant (CDBG) funds for Fiscal Year (FY) 2023/2024; and (2) adopt a resolution authorizing the filing of the FY 2023/2024 application for funding from the CDBG program (Attachment No. 1).
BACKGROUND/DISCUSSION:
On November 14, 2022, the City Council approved CDBG funding for FY 2023/2024. In January 2023, it was determined that the required noticing, per CDBG guidelines, was not fully met and that the item required additional noticing and re-approval. The CDBG funding for FY 2023/2024 is anticipated to be approximately $187,945. The actual amount of FY 2023/2024 funding will be determined by the County in March 2023 after remittance of the City's CDBG application.
In order to receive CDBG funds, participating cities must enter into a Cooperation Agreement with the County every three years. The agreement states that cities will participate in receiving a percentage of the County's allocation of CDBG funds. Culver City last signed a three-year Cooperation Agreement in 2020 (Attachment 2), and the agreement automatically renews for three-year terms.
CDBG rules allow for up to 20% ...
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