Council Communication Office of the City Manager	Date	February 9, 2009
	Agenda Item No. 20 Roll Call No. 09- Communication No. 09-059 Submitted by: Larry Hulse, Community Development Director

AGENDA HEADING:

Sets the date of a public hearing regarding the City’s plan to spend Community Development Block Grant (CDBG) Neighborhood Stabilization Program (NSP) funds as February 23^rd, 2009.

SYNOPSIS:

At the December 8, 2008 meeting, Council authorized the City Manager to create and submit a plan to the Iowa Department of Economic Development (IDED) to allocate approximately $3.9 million in NSP funds (Roll Call No. 08-2159). IDED requested cities hold a public hearing on the proposed use of the funds to satisfy a Federal CDBG requirement.

FISCAL IMPACT:

Amount: $3,935,474 in potential revenue

Funding Source: Community Development Block Grants (CDBG)

ADDITIONAL INFORMATION: NONE

PREVIOUS COUNCIL ACTION(S):

Date: December 8, 2008

Roll Call Number: 08-2159

Action: Authorizing the City Manager to develop and submit a plan to the State of Iowa to spend the allocated $3,900,000 Neighborhood Stabilization Program funds to provide emergency assistance redeveloping abandoned and foreclosed homes. (Council Communication No. 08-732)

BOARD/COMMISSION ACTION(S): NONE

ANTICIPATED ACTIONS AND FUTURE COMMITMENTS:

It is anticipated that future sub-agreements and fund allocations may be approved by Council.

For more information on this and other agenda items, please call the City Clerk’s Office at 515-283-4209 or visit the Clerk’s Office on the second floor of City Hall, 400 Robert D Ray Drive. Council agendas are available to the public at the City Clerk’s Office on Thursday afternoon preceding Monday’s Council meeting. Citizens can also request to receive meeting notices and agendas by email by calling the Clerk’s Office or sending their request via email to cityclerk@dmgov.org.