HomeMy WebLinkAbout25B - AMEND FEZ GRANT AGMTS
CITY COUNCIL MEETING DATE:
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OREQUEST FOR
COUNCIL ACTION
CLERK OF COUNCIL USE ONLY:
AUGUST 1, 2005
TITLE:
APPROVED
AMENDMENTS TO EMPOWERMENT
ZONE GRANT AGREEMENT
D As Recommended
o As Amended
o Ordinance on 15t Reading
o Ordinance on 2nd Reading
o Implementing Resolution
o Set Public Hearing For
CONTINUED TO
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CITY MANAGER
FILE NUMBER
RECOMMENDED ACTION
Direct the City Attorney to prepare and authorize
Clerk of the Council to execute amendments to
Memorandum of Agreement (MOA) between the City,
Department of Housing and Urban Development (HUD).
the Ci ty Manager and
the Empowerment Zone
State and the U.S.
DISCUSSION
At its April 19, 1999 meeting, the City Council authorized the execution
of an MOA with HUD and the State of California establishing Santa Ana as
an Urban Empowerment Zone. The Santa Ana Empowerment Zone has been
allocated $661,333 for year seven funding from HUD.
In order to accept the additional Empowerment Zone funds, it is necessary
to amend the MOA. In accordance with the Operating Agreement executed
between the City of Santa Ana and the Santa Ana Empowerment Corporation
(SAEC), the Empowerment Zone Board of Directors is responsible for
appropriating funds to the operating budget and to eligible programs that
are consistent with the Zone's strategic plan.
with this allocation, the Santa Ana Empowerment Zone has received a total
of $25,614,633 in federal funding. In May 2002, the SAEC Board approved a
new economic development-driven Business plan that is currently being
implemented. The new seventh year funds will be added to the unallocated
balance utilized for projects/programs consistent with the Business Plan.
258-1
Amendments to Empowerment Zone
Grant Agreement
August 1, 2005
Page 2
FISCAL IMPACT
Upon approval of the appropriation adjustment, funds will be available ln
Empowerment Zone fund (account no. 129-070-6931).
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patricia C. Whitaker
Executive Director
Community Development Agency
PCW/DS/mlr
APPROVED AS TO FUNDS AND ACCOUNTS:
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Franci~co G~tierrez~ ~
Executlve Dlrector
Finance & Management Services Agency
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