01-0504R

RESOLUTION TRANSFERRING $2,855 WITHIN THE 2001 HUD COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) PROGRAM.

BY COUNCILOR GILBERT:

        WHEREAS, the city of Duluth established certain 2001 CDBG accounts; and

        WHEREAS, the community development committee (CD committee) for the CDBG program passed a resolution recommending funding changes as set forth below.

        NOW, THEREFORE, BE IT RESOLVED, that the proper city officials are authorized to make the following fund transfers in the Federal Program Fund 262-2001 HUD-funded community development accounts as set forth below:
2001 CDBG Transfers
Account revised - 2001
Project # Project Budget Amt New Amt Amt of Increase
or Decrease
6406 Memorial Park lot improvements $12,000 $14,855 $2,855 
6437 Contingency $15,000 $12,145 ($2,855)



STATEMENT OF PURPOSE:  The bids on the Memorial Park project came in over the estimated budget of $12,000 by 24%. The additional amount is due to increased energy costs relating to construction since the time of the engineer's estimate which was dated July, 2000.

The CD committee met on June 26, 2001, to recommend this resolution to utilize funds from the contingency account.