PL PACKET 03171987 - Laserfiche WebLink

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ain HE e . DATE : APPROVAL�,,� March 12, 1987 � TO : Planning Commission Members \�J/ FROM : David M. Childs City Manager ITEM : PUBLIC HEARING - CDBG YEAR XIII ALLOCATION A public hearing regarding proposed use of Year XIII H.U.D. Community Development Block Grant (CDBG) funding through Hennepin County is required prior to submitting an applica- tion for those funds. The City budgets $23,216 in CDBG funds last year for part of the cost of a pedestrian crossing signal to be located adjacent to the Walker on Kenzie and the Kenzington projects. Since the total cost is expected to be $70,000 - $80,000, 1 recommend that year XIII funds in the amount of $22,491 be allocated to the project. This is lower than the hearing notice because the estimated senior program allocation had been calculated at 10% rather than 15% as in previous years. The City has also applied for $30,000 in Discretionary Funds from the Hennepin County CDBG program to make up the final cost so that the signal could be installed in 1987. The senior citizens program, operated by the Community Services Department of School District #282, has received 15% of the City's allocation for their programs over the past several years and I recommend that $3,969 be allocated again this year. You will also note from the attached packet of information that the Hennepin Economic Resource Organization has asked for $1,323 to assist with a small business incubator/ accelerator. The proposed location would be in an area bounded by Hwy. 100, Hwy. 694, Hwy. 18 and Hwy. 494. This is a considerable distance from our City and its benefit for our citizens would be minimal , if any. It should be noted that there is a proposal from the President's staff to hold back some of the CDBG funds and therefore the allocation table shows allocations with and without rescission. If rescission takes place, the split between traffic signals and senior programs would automatically be reduced proportionally. :cjk3.17.87