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HomeMy WebLinkAbout08/12/1996 Patricia J. DeMond, Chair Alan ~'an.~y, L;~ty Mar~ager Irma Carson Staff: Dolores Teub/~er Kevin McDermott / AGENDA SUMMARY REPORT BUDGET AND FINANCE COMMITTEE Monday, August 12, 1996 12:15 p.m. City Manager's Conference Room 1. ROLL CALL Call to Order at 12:27 p.m. Present: Councilmembers: Patricia J. DeMond, Chair; and Kevin McDermott Absent: Councilmember Irma Carson 2. APPROVAL OF THE JULY 15, 1996 MINUTES Approved as submitted. 3. PRESENTATIONS None 4. PUBLIC STATEMENTS None 5. DEFERRED BUSINESS A. ESTABLISHMENT OF CITY LEA Staff reported that at this time, no new information is available. AS SUBI~[ITTEI) SEPTEI~BEI{ 16, 1996 FALE COPY AGENDA SUMMARY REPORT BUDGET AND FINANCE COMMITTEE Monday, August 12, 1996 Page -2- 6. NEW BUSINESS A. AMENDMENT TO CDBG ANNUAL PLAN Staff presented information on CDBG funds from FY 92~93, FY 94~95 and FY 95~96. The reprogrammed funds were kept within the Council Ward for which it was originally allocated. The Single Unit Residential Connection Fee Loan Program was proposed as part of the amendment. As the City installs sewer services in Iow-income areas, there is an increasing need to assist residents in paying for the cost of the connection. The program will provide a zero interest loan to qualifying residents to pay the sewer connection fee. The Committee was in favor of this new program. Councilmember McDermott asked staff to look into establishing a similar program for all City residents regardless of income, which could be an incentive for residents considering annexation. The CDBG amendments are scheduled for Council adoption at the September 11 Council meeting. 7. ADJOURNMENT The meeting was adjourned at 12:50 p.m. cc: Honorable Mayor and City Council