Submitted By
Tammie Grossman, Director of Development Customer Services
Reviewed By
A.M. Zayyad
Agenda Item Title
Title
A Motion to Review a Request from the Oak Park Regional Housing Center (OPRHC) to Release $125,000 in Funds for Invoices from August 2021 through December 2021 Which is Being Withheld Under the Terms of the 2021 Funding Grant Agreement Due to the OPRHC's Failure to Provide the Required 2020 Audit by the Due Date of November 30, 2021, and Failure to Submit Invoices
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Overview
Overview
On June 24, 2021, the Village Board approved a funding grant agreement with the OPRHC for $300,000 for 2021. The funding agreement provided that the OPRHC would only receive their full funding for 2021 if they provided their 2020 audit on November 30, 2021. The funding agreement did not specify how much was to be withheld. The OPRHC did not provide their audit by the due date and was late in submitting invoices for August through October 2021. The OPRHC submitted its audit on April 29, 2022, and is now requesting payment for the months of August 2021 through December 2021 totaling $125,000.
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Recommendation
Recommendation
If the Board chooses to accept the late audit, staff recommends approving the Motion.
Fiscal Impact
If the Board chooses to accept the late audit and approves the release of $125,000, a budget amendment will be presented to the Village Board to carry forward the balance of the contract in 2022.
Background
The Village has funded the Housing Center since its creation in the 1970s. Historically, the Village supports OPRHC by utilizing both General Revenue Funds and federal Community Development Block Grant (CDBG) funds to pay for specific projects of the Housing Center relating to the Multi-family Housing Incentives Program and its general administration. Because the Housing Center provides services for CDBG and non-CDBG funded activities, it is necessary for the Village and the Housing Center to have separate agreements for the...
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