DISCLAIMER

 

05-0855R


RESOLUTION TRANSFERRING FUNDS IN THE AMOUNT OF $110,470 BETWEEN THE 2000, 2003 AND 2004 HUD COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) PROGRAMS.

BY COUNCILOR GILBERT:

     RESOLVED, that the proper city officials are authorized to make the following transfer of funds between the Federal Fund 0262-020-5434, 2000, 2003 and 2004 HUD-funded community development accounts as set forth below:

Project #

Project

Budget amount

New amount

Amount of
increase or
decrease

2000 CDBG transfers

CD00CD-PFAC-PF01

Lincoln Park Phase I

$188,649

$187,935

($714)

CD00CD-PFAC-PF02

Fond du Lac sewers

$200,000

$134,731

($65,269)

2003 CDBG transfers

CD03CD-PFACPF05

Lincoln Park sidewalk safety

$43,595

$43,437

($158)

CD03CD-ECDV-ED06

Growing neigh business

$22,700

$21,283

($1,417)

CD03CD-HOUS-HS06

San Marco project

$24,700

$135,170

$110,470

2004 CDBG transfers

CD04CD-HOUS-2239

NSH affordable housing

$113,550

$86,900

($26,650)

CD04CD-ECDV-1037

Harbor View youth employ

$23,000

$22,626

($374)

CD04CD-PFAC-PF04

Citywide street

$16,643

$15,768

($875)

CD04CD-PSCV-1929

L.S. Cnty Health Ctr

$67,400

$67,186

($214)

CD04CD-PSCV-2512

Money management

$9,600

$9,534

($66)

CD04CD-ADMC-AD03

Contingency

$28,285

$13,552

($14,733)


STATEMENT OF PURPOSE:  The development of the San Marco project has incurred additional costs with the demolition and site acquisition. All of the projects in this transfer have either been completed or the contracts have expired.