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s <br />To:Mark E.Bernhardson <br />From:John R.Gerhardson, <br />Date:October 4, 1990 <br />Subject: Reallocation of Funds - Community Development Block <br />Grant <br />For year XV of the Community Development Block Grant <br />Prograun, the City received $23,126.00. <br />That amount was allocated to the following: <br />1. Highway 12 Corridor Study <br />2. Rehabilitation of Private Property <br />3. Westonka Intervention <br />$ 14,476.00 <br />7,650.00 <br />1,000.00 <br />$ 23,126.00 <br />According to <br />within 16 months <br />reallocated or we <br />1991 -*r use of <br />November 1, 1990. <br />November 1, 1990, <br />regulations set by HUD, the funds must be used <br />after receipt of the funds or they must be <br />lose the monies. That deadline is January 1, <br />the monies or they must be reallocated by <br />(If the reallocation process is in place by <br />that is acceptable.) <br />Of the total amount received, the amount allocated the <br />Highway 12 Corridor Study has not been used and it does not <br />appear that they will be. <br />In order to reallocate the monies, it is required to conduct <br />a public hearing to receive citizen input. <br />Staff is recommending to reallocate the Highway 12 Corridor <br />Study funds in the amount of $14,476 to Rehabilitation of Private <br />Property and to conduct a public hearing on November 13, 1990; <br />7:00 p.m. <br />Proposed Motion ______ Moved ______2nd to conduct a public <br />hearing on November 13‘, 1990 at 7:00 p.m. to consider <br />reallocating Community Development Block Grant funds. <br />TO: Mayor Grabek & Orono Council Members <br />Proa: Mark E. Bernhardson, City Administrator <br />Forwarded recommonding approval.