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<br /> <br /> <br /> <br /> <br /> Public Hearing - CDBG Program FY 2012-2013 <br /> April 2, 2012 <br /> Page 2 <br /> <br /> <br /> The proposed Fiscal Year 2012-2013 CDBG program and budget (Exhibit 1) consists of the staffs <br /> funding recommendations for the program. The City Council public hearing will provide an <br /> opportunity for public input and the completion of the process necessary to submit our locally <br /> approved program to HUD. <br /> <br /> FISCAL IMPACT <br /> <br /> Approval of the recommended action will authorize the City Manager to submit the approved <br /> program to HUD and to execute a grant agreement, which will result in the City's CDBG letter of <br /> credit being augmented by an estimated $5,680,480. <br /> <br /> APPROVED AS TO FUNDS AND ACCOUNTS: <br /> <br /> <br /> <br /> <br /> Nancy T. wards Francisco Gutierrez r <br /> Interim Ex utive Director, Executive Director <br /> Community Development Agency Finance & Management Services Agency <br /> <br /> NTE/FH/mlr <br /> <br /> Exhibit: 1: Program Recommendations <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> 75A-2 <br />