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HomeMy WebLinkAboutRES-11-6728 (CD BUDGET)2 3 4 5 7 s 9 10 11 12 13 14 15 16 17 is 19 20 21 22 23 24 25 26 27 2s RESOLUTION NO. 11-6728 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HERMOSA BEACH, CALIFORNIA, APPROVING THE COMMUNITY DEVELOPMENT BLOCK GRANT BUDGET FOR FISCAL YEAR 2011- 2012 THE CITY COUNCIL OF THE CITY OF HERMOSA BEACH, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. The County's Community Development Commission staff has estimated that the City's CDBG allocation for the 2011-2012 fiscal year will be approximately $98,747. SECTION 2. The City Council, pursuant to applicable law, held duly noticed public hearings on January I and 25, 2011 to consider the proposed CDBG allocation and budget, at which hearing testimony and evidence, both written and oral, was presented to and considered by the Council. SECTION 3. Based on the foregoing, the City Council hereby approves a proposed CDBG program budget as follows and directs staff to submit the required documentation to the Los Angeles County Community Development Commission for approval: 1. An estimated $90,000 for sale to another City in return for unrestricted funds. 2. An estimated $9,874 for program administration. SECTION 4. The City Council hereby authorizes City staff to adjust the preceding program budget as necessary to take into account the final CDBG allocation from the U.S. Department of Housing and Urban Development (HUD) and any amounts remaining unspent at the close of the fiscal year. PASSED, APPROVED and ADOPT his 25th day of January 2011. PRESIDENT of the City Council anc II ATTEST: City Clerk California STATE OF CALIFORNIA COUNTY OF LOS ANGELES CITY OF HERMOSA BEACH I, Elaine Doerfling, City Clerk of the City of Hermosa Beach, California, do hereby certify that the foregoing Resolution No.11-6728 as duly and regularly passed, approved and adopted by the City Council of the City of Hermosa Beach at a Regular Meeting of said Council at the regular place thereof on January 25, 2011. The vote was as follows: AYES: Bobko, DiVirgilio, Duclos, Fishman, Mayor Tucker NOES: None ABSTAIN: None ABSENT: None Dated: February 8, 2011 Elaine Doerfling, City Cle