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Finance committee hears plan to reallocate leftover CDBG and HOME balances to park projects
Summary
City finance committee discussed a resolution to move remaining Community Development Block Grant (CDBG) and HOME funds from completed or abandoned projects into active park projects including Elm Park, Newberry Park and Memorial Park exercise facility; no vote was recorded during the meeting.
Councilmember Liz Meeley on April 8 presented a resolution to revise past annual action plans and transfer leftover Community Development Block Grant (CDBG) and HOME balances into active park projects so the city can spend older federal funds that remain open from prior program years.
Jamie Schroeder, a CITECOG consultant, said the amendment is “part of our continuing effort to clean up funds in the city.” She told the committee leftover money from an economic sustainability recovery project (project 19200)…
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