TO: Honorable Mayor and Members of the City Council
THRU: Jarad Hildenbrand, City Manager
FROM: Russell Bunim, Community Development Director
1. SUBJECT
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Public Hearing to consider a Substantial Amendment to the Fiscal Year 2025-2026 Annual Action Plan that is included in the 2025-2029 Consolidated Plan to establish a Business Assistance Fa?ade Program.
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2. SUMMARY
A Substantial Amendment to the 2025-2026 Annual Action Plan, included as part of the 2025-2029 Consolidated Plan, proposing to establish a Community Development Business Fa?ade Program aimed at enhancing commercial corridors within Community Development Block Grant eligible areas and allocate $150,000 in available unspent funding from Fiscal Years 2023, 2024 and 2026 to the program.
3. RECOMMENDED ACTION
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1. Approve the Substantial Amendment to the 2025-2026 Annual Action Plan that is included in the 2025-2029 Consolidated Plan to create a Community Development Business Fa?ade Program activity.
2. Allocate $100,000 to the Community Development Business Fa?ade Program from the following sources:
a. $45,741 from the Fiscal Year 2025-2026 Community Development Business Assistance Program (Admin)
b. $36,973.89 from Fiscal Year 2022-2023 unspent entitlement funds
c. $67,285.11 from Fiscal Year 2023-2024 unspent entitlement funds
3. Approve grant awards up to $50,000 for each eligible business.
4. Approve priority for eligible businesses providing 25% or more in matching funds.
5. Authorize staff to incorporate public comments received into the Substantial Amendment.
6. Authorize the City Manager or his designee to approve non-material changes to the Substantial Amendment if needed and execute any documents or agreements required by the Department of Housing and Urban Development.
7. Authorize staff to submit the Substantial Amendment to the Department of Housing and Urban Development.
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4. FISCAL IMPACT
The expense for this activity is $150,000 and will be fu...
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