Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute and submit the 2024 Consolidated Plan/Grant Application to the United States Dept. of Housing and Urban Development (HUD), to provide any additional information requested in connection with this Grant Application, and to accept the Grant if the application is approved, which Grant funds are in the amount of $3,994,940 in Federal funds, for the FY 2025 Community Development Block Grant (CDBG) Program ($2,340,927), Home Program ($1,449,360), and Emergency Solutions Grant (ESG) Program ($204,653), the acceptance of which obligates the Urban County Government to the expenditure of $359,611 from various funding sources as a local cash match and $145,042 as an in-kind match; and authorizing the Mayor to execute Agreements for the approved plan; and authorizing the Mayor to transfer unencumbered funds within the Grant Budget. [Div. of Grants and Special Programs, Reynolds]
Summary
Authorization to submit the 2024 Consolidated Plan, accepting awards of Federal funds for Community Development Block Grant Program in the amount of $2,340,927, HOME Investment Partnerships Program in the amount of $1,449,360, and Emergency Solutions Grants Program in the amount of $204,653, from the U.S. Department of Housing and Urban Development for FY 2025, and to execute Agreements with sub-recipients in accordance with the approved plan subject to final Federal allocation amounts for FY 2025. Matching funds in the amount of $359,611 are included in the FY 2025 Mayor's Proposed Budget. (L0422-24) (Reynolds/Lanter)
Budgetary Implications: Yes
Advance Document Review:
Law: N/A
Risk Management: N/A
Fully Budgeted: Budget amendments are in process for Fiscal Year 2025.
Account Number:
This Fiscal Year Impact: $
Annual Impact: $
Project:
Activity:
Budget Reference:
Current Balance:
Body
BE IT RESOLVED BY THE COUNCIL OF THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT:
Section ...
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