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HomeMy WebLinkAbout264-20 RESOLUTIONOE fEVEIIF i �o�lll dim �9Enasss 113 West Mountain Street Fayetteville, AR 72701 (479) 575-8323 Resolution: 264-20 File Number: 2020-0814 AMEND THE 2019 COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) ACTION PLAN: A RESOLUTION TO AMEND THE 2019 COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) ACTION PLAN TO REFLECT CARES ACT SUPPLEMENTAL FUNDING IN THE AMOUNT OF $5561197.00, TO AUTHORIZE MAYOR JORDAN TO EXECUTE THE AMENDMENT WHEN RECEIVED, AND TO APPROVE A BUDGET ADJUSTMENT WHEREAS, on July 16, 2019 the City Council passed Resolution 163-19 approving the 2019 Community Development Block Grant (CDBG) Action Plan; and WHEREAS, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which was signed into law on March 27, 2020, authorized supplemental funding for CDBG programs across the nation and the City of Fayetteville anticipates receiving supplemental funds to be used in our community in the amount of S556,197.00. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1: That the City Council of the City of Fayetteville, Arkansas hereby authorizes Mayor Jordan to execute an amendment to the 2019 Community Development Block Grant Action Plan for the distribution of CARES Act funding in the amount of $556,197.00 when received, and further authorizes Mayor Jordan to execute any other documents necessary for the distribution of CARES Act funding. Section 2: That the City Council of the City of Fayetteville, Arkansas hereby approves a budget adjustment, a copy of which is attached to this Resolution. Pago 1 Printed on 10121120 Resolution: 264-20 File Number. 2020-0814 PASSED and APPROVED on 10/20/2020 Attest: 7�L 160 �zlrl y ' GIT), Kara Paxton; City Clerk Treasureir'`AYf7., .;0 :9f'.9•j1 E• =ti.. �tiNsas 211 �INcoo��;��° Page 2 Printed on 10121120 City of Fayetteville, Arkansas 113West MountainStreet Fayetteville, AR 72701 (479)575-8323 Text File File Number: 2020-0814 Agenda Date: 10/20/2020 Version: 1 Status: Agenda Ready In Control: City Council Meeting File Type: Resolution Agenda Number: A.13 AMEND THE 2019 COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) ACTION PLAN: A RESOLUTION TO AMEND THE 2019 COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) ACTION PLAN TO REFLECT CARES ACT SUPPLEMENTAL FUNDING IN THE AMOUNT OF $556,197.00, TO AUTHORIZE MAYOR JORDAN TO EXECUTE THE AMENDMENT WHEN RECEIVED, AND TO APPROVE A BUDGET ADJUSTMENT WHEREAS, on July 16, 2019 the City Council passed Resolution 163-19 approving the 2019 Community Development Block Grant (CDBG) Action Plan; and WHEREAS, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which was signed into law on March 27, 2020, authorized supplemental funding for CDBG programs across the nation and the City of Fayetteville anticipates receiving supplemental funds to be used in our community in the amount of $556,197.00. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE,ARKANSAS: Section 1: That the City Council of the City of Fayetteville, Arkansas hereby authorizes Mayor Jordan to execute an amendment to the 2019 Community Development Block Grant Action Plan for the distribution of CARES Act funding in the amount of $556,197.00 when received, and further authorizes Mayor Jordan to execute any other documents necessary for the distribution of CARES Act funding. Section 2: That the City Council of the City of Fayetteville, Arkansas hereby approves a budget adjustment, a copy of which is attached to this Resolution. City or Fayetteville, Arkansas Page 7 Printed on 1011912020 City of Fayetteville Staff Review Form 2020-0814 Legistar File ID 10/20/2020 City Council Meeting Date - Agenda Item Only N/A for Non -Agenda Item Yolanda Fields 10/20/2020 COMMUNITY RESOURCES (642) Submitted By Submitted Date Division / Department Action Recommendation: Staff recommends approval of an amendment fo the GY2019 Community Development Block Grant (CDBG) Action Plan to reflect CARES Act supplemental CDBG funding (CDBG-CV3 third round) and approval of authority for the Mayor to execute the Amendment upon receipt and for all transactions related to distribution of the additional funds. Staff also recommends approval of a budget adjustment recognizing CARES Act supplemental CDBG funding. Budget Impact: 2180.64 2.4940-5 390.71 2180-CDBG Account Number Fund NA NA Project Number Budgeted Item? NA Current Budget Funds Obligated Does item have a cost? No Budget Adjustment Attached? Yes Purchase Order Number: Change Order Number: Original Contract Number: Comments: Current Balance Item Cost Budget Adjustment Remaining Budget Project Title $ $ 574,197.00 $ 574,1970:0 Previous Ordinance or Resolution # Approval Date: V20180321 CITY OF WA� FAYETTEVILLE ARKANSAS TO: Mayor and City Council THRU: Susan Norton, Chief of Staff FROM: Yolanda Fields, Community Resources Dire r DATE: September 30, 2020 CITY COUNCIL MEMO SUBJECT: Approval of Amendment to the CDBG GY 2019 Action Plan and Authority for Mayor to Execute Agreement RECOMMENDATION: Staff recommends approval of an amendment to the GY2019 Community Development Block Grant (CDBG) Action Plan to reflect CARES Act supplemental CDBG funding (CDBG-CV3 third round) and approval of authority for the Mayor to execute the Amendment upon receipt and for all transactions related to distribution of the additional funds. Staff also recommends approval of a budget adjustment recognizing CARES Act supplemental CDBG funding. BACKGROUND: Fayetteville has been a CDBG Entitlement City for more than 40 years. The CARES Act includes third round supplemental CDBG funding which requires an amendment to the GY 2019 Action Plan, DISCUSSION: The City of Fayetteville CARES Act supplemental CDBG funding award is $556,197. Round three CDBG-CV3 allocations focused funding towards places with households facing higher risks of eviction. CDBG-CV3 funding will provide temporary rent, mortgage, and utility assistance to households affected by COVID-19. The Amendment will also reallocate $18,000 of round one funding to rent and utility assistance Approval of the Mayor's authority to execute the Amendment upon receipt will expedite the release of funds. BUDGETISTAFF IMPACT: CARES Act Supplemental CDBG-CV Round Three funding - $556,197 Reallocation of CDBG-CV Round One funding - $18,000 Attachments: Budget Adjustment Mailing Address: 113 W. Mountain Street www.fayetteville-ar.gov Fayetteville, AR 72701 City of Fayetteville, Arkansas - Budget Adjustment Form (Legistar) Budget Year Division Adjustment Number g COMMUNITY RESOURCES (642) I 2020 /Org2 Requestor: Yolanda Fields BUDGET ADJUSTMENT DESCRIPTION / JUSTIFICATION: Staff recommends approval of an amendment to the GY2019 Community Development Block Grant (CDBG) Action Plan to reflect CARES Act supplemental CDBG funding (CDBG-CV3 third round) and approval of authority for the Mayor to execute the Amendment upon receipt and for all transactions related to distribution of the additional funds. Staff also recommends approval of a budget adjustment recognizing CARES Act supplemental CDBG funding. COUNCIL DATE: 10/20/2020 LEGISTAR FILE ID#: 2020-0814 youy Black 913012020 3:45 PM Budget Director Date TYPE: JOURNAL #: GLDATE: RESOLUTION/ORDINANCE I CHKD/POSTED: / TOTAL 556,197 556,197 v.20200820 Increase / (Decrease) Proiect.Sub# Account Number Expense Revenue Project Sub.Detl AT Account Name 2180.642.4970-5390.09 (18,000) - 62001 EX CDBG Projects -Boys and Girls Club 2180.642.4930-4320.00 - 556,197 RE Grant Funding CDBG 2180.642.4940-5390.71 574,197 - EX CDBG Projects - CDBG-CV Housing Projec H:\Budget.Adjustments\2020 Budget\City Council\10-20-2020\2020-0814 BA CDBG CARES Act - rd 3 1 of 1