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HomeMy WebLinkAboutREP FC 150 2014/04/15 (2012-2014) REPORT OF THE COMMITTEE ON FINANCE DATE: April 15, 2014 Re: Comm. No. 779/Res. No. 360-14 PLACE: Council Chambers Kona, Hawaii TIME: 1:39 p.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Resolution No. 360-14, reports as follows: Resolution No. 360-14, transmitted jointly with Bill No. 227, by Finance Director Nancy Crawford via Communication No. 779, dated March 28, 2014, authorizes the Mayor of the County of Hawaii to execute and submit the 2014 Action Plan and all other related documents to the United States Department of Housing and Urban Development for the 2014 Community Development Block Grant Program (CDBG). The County anticipates a 2014 CDBG allocation of$2,677,897 and the County also received an additional $99,811.53 of program income from the Residential Emergency Repair Program and anticipates receiving an additional $75,000 of program income within the 2014 program year, for a total of$2,852,708.53 of CDBG funds. The County shall utilize these funds in accordance with program rules and regulations and comply with the program certifications as provided in the Action Plan. Housing Administrator Stephen Arnett appeared before Your Committee to answer questions. He confirmed the allocations in the resolution and the amounts. Your Committee on Finance is in accord with the purpose and intent of Resolution No. 360-14, and recommends its adoption. sc AYES NOES ABS Ex Respectfully submitted, EOFF X FORD X COMMITTEE ON FINANCE ILAGAN X KANUHA X _ KERN X ONISHI X POINDEXTER X VALERIE T. POINDEXTER, CHAIR WILLE X FC REPORT NO.: 150 YOSHIMOTO x ADOPTED: MAY 0 1 2014