City Council - Item II. A - Public Hearing Regarding Reallocation CDBGMAYOR:
MARGARET CLARK
MAYOR PRO TEM:
JAY T IMPERIAL
COUNCILMEMBERS:
ROBERT W. BRUESCH
GARY A. TAYLOR
JOE VASQUEZ
Posesocad
8838 E. VALLEY BOULEVARD • P.O. BOX 399
ROSEMEAD, CALIFORNIA 91770
TELEPHONE (626) 569-2100
FAX (626) 307-9218
TO:, HONORABLE MAYOR
AND MEMBERS
ROSEMEAD CITY COUNCIL
FROM: FRANK G. TRIPEPI, CITY MANAGER
DATE: NOVEMBER 9, 2000
RE: PUBLIC HEARING REGARDING REALLOCATION OF CDBG
FUNDS -FOR FY 2000-2001
Since FY 1994-1995, the City of Rosemead has participated in the federal CDBG
program as a direct entitlement entity. On May 9, 2000, the Rosemead City
Council approved-the-CDBG budget for FY 2000-2001. That budget was based -
on anticipated costs of. projects and anticipated resources.
Because the budget was based on preliminary estimates, the City now needs to
reallocate resources based on actual bids and/or revised estimates of costs for
projects.
The proposed reallocation changes are as follows:
• Increase in funds for Grand Avenue Storm Drain from $235,000 to
$240,000
• Decrease in funding for Ralph/Olney/Hart Storm Drain of $800,000 with
funds to be re-budgeted in FY 2001-2002 when the project is ready to
move forward
• Decrease in funding for Street Lighting project of $425,000 with funds to
be re-budgeted in FY 2001-2002 when the project is ready to move
forward
• Increase in funding for Street Resurfacing from $450,000 to $500,000
• Funding for project close-out of Valley Boulevard of $29,000
NOV 2 8 2000
ITEr? " o. - E-t4-
Increase in funding for Garvey Avenue Community Center from $900,000
to $1,900,000, based on estimated increases in funding requirements for
grading and site preparation
• Funding for Contingency funds in the amount of $141,000
RECOMMENDATION
Staff recommends, after public testimony, review and after any amendments, that
the city Council approve the City's proposed reallocation of CDBG funds for FY
2000-2001 and authorize this as an amendment to the City's Annual Funding
Plan.
CDBG FUNDS, FY 2000-2001
PROPOSED REALLOCATION
Project
Current Budget
Revised Budget
Difference
Grand Avenue
235,000
240,000
5,000
Ralph/Olney/Hart Storm
Drain
800,000
0
[800,000]
Street Lighting Project
425,000
0
[425,000]
Street Resurfacing
450,000
500,000
50,000
Valley Boulevard close-
out
0
29,000
29,000
Garvey Avenue
Community Center
900,000
1,900,000
1,000,000
Contingency Fund
0
141,000
141,000
TOTALS "
2,810,000
2,810;000'
0
All other projects are proposed to remain unchanged