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File #: ID 19-0323    Version: 1 Name:
Type: Resolution Status: Passed
File created: 4/26/2019 In control: City Council
On agenda: 5/21/2019 Final action: 5/21/2019
Title: Resolution Listing Loans and Grants for City Council Approval
Attachments: 1. 2019-05-21 Loans and Grants.pdf, 2. 19-0323 Res Loans and Grants.pdf
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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Title

Resolution Listing Loans and Grants for City Council Approval

 

Body

Department:  Neighborhood Development

Council District: 1, 2 and 5

 

Public Hearing: No

Advertising Date/By:

 

Contact 1 and Phone: Stan Wilson, 336-373-2509

Contact 2 and Phone: Cynthia Blue, 336-433-7376

 

PURPOSE:

On March 1, 2005, the City Council adopted a resolution that required Council approval of loans and grants over $10,000.  City Council is requested to consider approval of these loans and grants.  These loans and grants address MAP Goal #1:  Maintain Infrastructure and provide Sustainable Growth Opportunities and MAP Goal #3:  Promote Public Safety and Reduce Crime.

 

BACKGROUND:

City Council has requested that the City Manager include, on the regular Council Consent Agenda, all loans and grants in excess of $10,000 which are to be disbursed through the City budget as direct loans or grants, or pass-through loans or grants on the recommendation of agencies, non-profits, or other organizations acting on behalf of the City, for final approval before such funds are disbursed.

 

A list of loans and grants recommended for funding is attached.

 

BUDGET IMPACT:

No new funding appropriations are being requested as a result of these loans/grants approval.

 

RECOMMENDATION / ACTION REQUESTED:

The City Council is requested to consider the approval of these loans/grants and authorize the City Manager to execute agreements.