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<br />2/22/85
<br />
<br />INTERIM COMMUNITY DEVELOPMENT COMMITTEE RECOMMENDATION
<br />
<br />Community Development Block Grant Three-Year Plan
<br />
<br />B
<br />
<br />C
<br />
<br />D
<br />
<br />A
<br />Current
<br />84-85
<br />
<br />Year
<br />One
<br />85-86
<br />
<br />(Est.
<br />Income)
<br />
<br />Year
<br />Two
<br />86-87
<br />
<br />(Est.
<br />Income)
<br />
<br />Year
<br />Three
<br />87-38
<br />
<br />(Est.
<br />Income)
<br />
<br />E
<br />Re-
<br />Prog.
<br />
<br />Tota 1 B-E
<br />(including
<br />Est. Income)
<br />
<br />Economic Development 25.6%/$330,000 35%/$454,650 ($170,000) 30%/$389,700 ($210,000) 25%/$324,750 ($265,000) $1,814,100
<br />Housing & Investment 29.21/$376,000 251/$324,750 ($36,000) 301/$389,700 ($40,000) 301/$389,700 ($45,000) $1,225,150
<br />Property Redevelopment
<br /> /
<br /> /
<br />Joint Social Services Fund 12.6%/$162,000 15%/$194,850 12S/$155 ,880 ($40,0001) 15S/$194,850 585,580
<br />Capital Projects
<br />Capital Improvement Program 12.61/$162,000 5S/$64,950 10S/$129 ,900 14%/$181.860 500,0002 876.710
<br />ICIP) Target Area Projects
<br />Planning, Implementation, 20%/$262,410 20S/$259 ,800 18%/$233,820 16%/$207.840 701,460
<br />Admi nl s tra ti on
<br />
<br />Estimated Grant Income:
<br />
<br />1,292,410
<br />
<br />1,299,000
<br />
<br />1,299.000
<br />
<br />1,299,000
<br />
<br />500,000
<br />
<br />Estimated Program Income:
<br />
<br />'.. '
<br />
<br />206.000
<br />
<br />290,000
<br />
<br />310,000
<br />
<br />TOTAL $5,203,000
<br />
<br />1 This income is from interest earned from an interim financing loan (float) for the Downtown Athetlic Club construction. Interest is to be
<br />dedicated to social services. The Income is estimated to be $30,000-$50,000.
<br />
<br />2 These funds are from surpluses on projects and from other unexpended monies. The $500,000 is part of the "float" during year one and two.
<br />
<br />(.
<br />
<br />HC18bl.
<br />
<br />e
<br />
<br />e
<br />
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