HomeMy WebLinkAboutVIII-07 Approve Community Investment Fund for HYAA
City Council Memorandum
To: Mayor Fasbender & City Councilmembers
From: Chris Jenkins, Parks & Recreation Director
Date: December 4, 2023
Item: Community Investment Fund Recommendations
Council Action Requested: Approve the Finance Committee of Council’s
recommendations for Community Investment Fund funding.
Background Information: As part of the 2023 Budget, the City Council continued
the Community Investment Fund and allocated $100,000.00 in funding for 2023.
After funding was allocated for CIF projects earlier this year, a balance of
$27,324.25 remained unallocated. Three organizations submitted CIF applications
recently and were reviewed at Finance Committee of Council’s November 27th
meeting.
Committee and staff unanimously recommend funding for 1 of the 3 applications.
• Hastings Youth Athletic Association
o HYAA requested $13,000.00, with a $5,000.00 match for the
purchase and installation of a scoreboard at Veterans Athletic Field,
Softball Field #1.
o Staff advised that HYAA is currently committed to investing in 2
scoreboards at the Vets Softball Fields, Field 1 and Field 2.
Committee members supported using all remaining funds along with
a $10,000.00 match from HYAA to purchase and install both
scoreboards.
Financial Impact:
This allocation will use the remaining $27,324.25 balance of 2023 CIF funds.
Advisory Commission Discussion:
N/A
Council Committee Discussion:
Finance Committee met on Monday, November 27, 2023 and offered the included,
unanimous recommendation.
Attachments:
▪ N/A
VIII-07