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HomeMy WebLinkAboutVIII-B-01 - CDBG 2019 Budget City Council Memorandum To: Mayor Fasbender & City Councilmembers From: John Hinzman, Community Development Director Date: January 7, 2019 Item: Resolution: Authorize Submittal of 2019 CDBG Budget Council Action Requested: Adopt the attached resolution authorizing submittal of the 2019 Community Development Block Grant (CDBG) budget to Dakota County. The estimated funding of $74,200 would be allocated as follows:  $37,100 – Assessment Abatement  $37,100 – Dakota County CDA Home Improvement Loan Program Action requires a simple majority of Council. Background Information: CDBG funding is intended to fund activities for low and low\moderate income individuals including affordable housing, anti-poverty, and infrastructure development. Dakota County receives a direct allocation of CDBG funding from the US Department of Housing and Urban Development (HUD) and sub- allocates funding to individual cities within the County. Assessment Abatement – Similar to past years, a portion of CDBG funding would be allocated toward providing assessment abatement for local public infrastructure projects; allowing qualifying homeowners to reduce or eliminate their assessment. The proposed allocation would be added to remaining funds from previous years to meet anticipated demand. Dakota County CDA Home Improvement Loan Program - The CDA manages the Home Improvement Loan Program to assist low and moderate income homeowners with making repairs and improvements. The loans are commonly used for roof replacement, furnace replacement, electrical and plumbing repairs, insulation, and improvements for special needs such as ramps, bathroom or kitchen modifications. The loan is repayable when ownership changes or upon a refinance that takes equity out of the loan; there VIII-B-01 are no monthly payments or interest accrual. The average loan is about $25,000. The CDA has issued 18 loans to Hasting residents since 2013. Financial Impact: CDBG funds will assist low to low\moderate income households in abating assessments and housing repairs. Advisory Commission Discussion: N\A Council Commission Discussion: N\A Attachments:  Resolution VIII-B-01           CITY OF HASTINGS RESOLUTION NO. ___________ A RESOLUTION APPROVING THE APPLICATION FOR FISCAL YEAR 2018 DAKOTA COUNTY COMMUNITY DEVELOPMENT BLOCK GRANT FUNDING WHEREAS, the City of Hastings is a participating jurisdiction with the Dakota County Community Development Block Grant (CDBG) Entitlement Program for Fiscal Year 2019 (ending June 30, 2020); and WHEREAS, the Dakota County Community Development Agency (CDA) is a Subgrantee of Dakota County for the administration of the CDBG Program; and WHEREAS, the Dakota County CDA has requested Fiscal Year 2018 CDBG applications be submitted by January 18, 2019, based on an allocation of funds approved in the Annual Action Plan. NOW, THEREFORE, BE IT RESOLVED that the City of Hastings hereby approves the following: 1. The Fiscal Year 2019 CDBG application is approved for submission to the Dakota County CDA. 2. The Acting City Administrator for the City of Hastings is authorized to execute the application and all agreements and documents related to receiving and using the awarded CDBG funds. 3. The Dakota County CDA is designated as the administrative entity to carry out the CDBG program on behalf of the City, subject to future Subrecipient Agreements that may be required for specific CDBG-funded activities. Adopted by the City Council of Hastings this 7th day of January, 2019 Ayes: ____ Nays: _____ Absent: ______ VIII-B-01 ATTEST: Mary D. Fasbender, Mayor Julie Flaten City Clerk I HEREBY CERTIFY that the above is a true and correct copy of resolution presented to and adopted by the City of Hastings, County of Dakota, Minnesota, on the 7th day of January, 2019, as disclosed by the records of the City of Hastings on file and of record in the office. Julie Flaten City Clerk ( SEAL) This instrument drafted by: City of Hastings (JH) 101 4th Street East Hastings, MN 55033 VIII-B-01