RESOLUTION NO. 24-XX
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COMMERCE, CALIFORNIA, AUTHORIZING THE ALLOCATION FOR THE 50th YEAR OF COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS FOR FISCAL YEAR 2024/2025 WHEREAS, the Community Development Block Grant (CDBG) Program has operated since 1974 to provide local governments with resources to meet the needs of persons of low to moderate income; and WHEREAS, the City of Commerce contracts with the Los Angeles County Development Authority (LACDA) for disbursement of Community Development Block Grant Funds, through the Small Cities Program; and WHEREAS, the City of Commerce will receive an estimated total of $119,994 of funds and has available $16,283 of unallocated prior year funds for a total of $136,277 for Fiscal Year 2024/2025 in Community Development Block Grant Funds and will utilize the funds to budget the Home Preservation Grant Program; and WHEREAS, the City Council has conducted a public hearing and the required prior noticing to provide the public an opportunity to comment on the Fiscal Year’s 2024/2025 program proposed for the Community Development Block Grant Program.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF COMMERCE DOES HEARBY RESOLVE AND ORDER AS FOLLOWS:
Section 1: The City Council of the City of Commerce hereby finds and declares that the foregoing recitals are true and correct, and incorporates them herein as findings and as a substantive part of this Resolution.
Section 2. The City Council approves the Community Development Block Grant (CDBG) Program Budget for Fiscal Year 2024/2025 and directs staff to submit the necessary documents and a copy of this Resolution to the Los Angeles County Development Authority for approval of the 2024/2025 CDBG Project funding as follows:
PROGRAMS/PROJECTS
FY 2024/2025
CDBG Budget
CDBG Project
Account Nos.
Home Preservation Grant Program; Construction and Direct Program Admin. $136,277
29-2910-71715-10337
Total CDBG Funding:
$136,277
Section 3: The City Council authorizes and directs the Assistant City Manager or designee to submit the final Planning Summary for the Fiscal Year 2024/2025, reflecting the funding allocations set forth herein. In addition, the Assistant City Manager or designee is hereby authorized to adjust funding levels throughout the program year and to take into account the final amount of funding awarded to the City in addition to any amounts remaining unspent at the close of the fiscal year as needed.
Section 3: The Assistant City Manager or his designee is authorized to execute the contractual and related documents to be prepared by LACDA that are required for the implementation of the programs contained herein.
Section 4. Authorize the Mayor to execute this Resolution for and on behalf of the City of Commerce.
Section 5. This Resolution shall take full force and effect immediately upon adoption by the City Council.
PASSED, APPROVED and ADOPTED this 13th day of February, 2024. ______________________________
Hugo A. Argumedo, Mayor
ATTEST:
________________________________
Lena Shumway, City Clerk