04-0152R

RESOLUTION TRANSFERRING FUNDS WITHIN THE 2002 AND 2003 HUD COMMUNITY DEVELOMENT BLOCK GRANT (CDBG) PROGRAMS

BY COUNCILOR GILBERT:

WHEREAS, the city of Duluth established certain 2002 and 2003 CDBG accounts; and

WHEREAS, the community development committee (CD committee) for the CDBG program recommends funding projects 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 262-2002 and 2003 HUD-funded community development accounts as set forth below:

2002 CDBG Transfers

Project # Project Budget amount New amount Amount of increase or decrease
6509 Grant Recreation Center expansion $271,160 $303,760 $32,600

2003 CDBG Transfers

6607 Citywide streets $151,000 $118,400 ($32,600)

STATEMENT OF PURPOSE:  The purpose of this resolution is to transfer funds to cover the increased bid amount. This project was bid out two times prior and came in over budget and had to be redesigned. The total bid from Max Grey Construction was $372,600 and the project budget was $340,000.