Submitted By
Tammie Grossman, Director of Development Customer Services
Reviewed By
LKS
Agenda Item Title
Title
A Resolution Approving a Funding Grant Agreement between the Village of Oak Park and the Oak Park Regional Housing Center in the Amount of $391,382 for 2019 and Authorizing Its Execution
End
Overview
Overview
This is the annual agreement adopted by the Village to provide funding for this agency from general revenue funds for a total of $391,382. A contract for Community Development Block Grant (CDBG) funding was approved on October 2, 2018. The Oak Park Regional Housing Center (Housing Center) will complete a new strategic plan in the first half of 2019 and a revised scope of services will be presented to the Village Board for its consideration. This contract was discussed at the December 3, 2018 Village Board meeting.
Body
Staff Recommendation
Approve the Resolution.
Fiscal Impact
The contract on this agenda covers the monthly General Revenue Fund dollars annually totaling $392,000 account #1001.46206.240.585652. The CDBG contracts are not presented along with the General Revenue Fund contract, because CDBG's Program Years do not align with the Village's fiscal year. The CDBG projects for Program Year 2019 from October 1, 2018 to September 30, 2019 were presented to the board in a separate agreement on October 1, 2018. Since the CDBG funding is only awarded through September 30, 2019, for the purposes of the General Revenue Funding agreement, staff assumed a flat level of CDBG funding for the fourth quarter of 2019. Fourth quarter funding will be subject to the Village's Federal CDBG funding award.
As in previous years, program requirements will dictate whether the Village provides funding on a monthly basis or will remit reimbursement based upon actual expenditures incurred for the particular program. The agreement clarifies that the administrative support will be paid based on invoices submitted showing actual costs incurred.
Contra...
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