ACTION ITEM
SPONSOR: Jewel Cannada-Wynn, Chairperson
SUBJECT:
title
APPROVAL OF WESTSIDE REDEVELOPMENT BOARD RECOMMENDATION FOR MODIFICATION OF PROJECT FUNDING ALLOCATIONS AND INCORPORATION INTO COMMUNITY REDEVELOPMENT AGENCY PROJECT LIST AND WORK PLAN FOR FISCAL YEARS 2017 AND 2018
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RECOMMENDATION:
recommendation
That the Community Redevelopment Agency (CRA) approve the Westside Redevelopment Board (WRB) recommendation for the modification of project funding allocations and incorporation into the CRA Project List and Work Plan for Fiscal Years 2017 and 2018.
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SUMMARY:
The Westside Redevelopment Board, at its regularly scheduled meeting on April 25, 2017, voted to recommend that the Community Redevelopment Agency modify the following project funding allocations for incorporation into the CRA Project List and Work Plan for Fiscal Years 2017 and 2018:
|
Program Name |
Current |
Recommended |
Recommended |
|
|
FY 2017 Budget |
FY 2017 Budget |
FY 2018 Budget |
|
Community Policing |
$90,000 |
$75,000 |
$75,000 |
|
Commercial Façade Improvement Program |
$25,000 |
$40,000 |
$40,000 |
The Community Redevelopment Agency approved the CRA Project List and Work Plan for Fiscal Years 2017 and 2018 on April 10, 2017 with funding for the abovementioned projects provided by tax increment revenue and/or program income. The recommended modification maintains the overall budget recommendation and transfers $15,000 from Community Policing to the Commercial Façade Improvement Program.
PRIOR ACTION:
August 1, 2016 - CRA Agency approved the Fiscal Year 2017 Budget Resolution for the Westside Tax Increment Financing District.
April 10, 2017 - CRA approved the CRA Project List and Work Plan for Fiscal Year 2017/2018.
April 25, 2017 - WRB recommended that the CRA modify funding allocations for Community Policing and the Commercial Façade Improvement Program contained within the CRA Project List and Work Plan for Fiscal Year 2017/2018 as follows: Community Policing ($75K) and Commercial Façade Improvement Program ($40K).
FUNDING:
Budget: $90,000 for Westside Community Policing
$25,000 for Westside Commercial Façade Improvement
Actual: $75,000 for Westside Community Policing
$40,000 for Westside Commercial Façade Improvement
FINANCIAL IMPACT:
Funds are currently appropriated in Fiscal Year 2017 and will be included in the Fiscal Year 2018 Proposed Budget. Funding for these projects will come from TIF and/or program revenue.
CITY ATTORNEY REVIEW: Yes
5/22/2017
STAFF CONTACT:
M. Helen Gibson, AICP, CRA Administrator
Victoria D’Angelo, Assistant CRA Administrator
ATTACHMENTS:
None
PRESENTATION: No end