City Council

6. APPROVAL OF RESOLUTION R-24-02 TO TRANSFER UNALLOCATED FY\n2025-26 CDBG PROJECT FUNDS TO THE CDBG REVOLVING GRANT\nFUND\nRecommendation: Subject to the approval of the City Council adopting Resolution No.\nR-25-01 to adopt the CDBG project(s) for FY 2025-26 on January 8, 2025, staff\nrecommends the City Council adopt the resolution allowing for the City to transfer\n$55,287 of the FY 2025-26 CDBG allocation to the CDBG revolving grant fund. If the\nCouncil concurs with staff’s recommendation, the appropriate motion would be:\n“I move to adopt Resolution No. R-25-02 authorizing the transfer of the City’s\nunallocated CDBG funds for Fiscal Year 2025-26, totaling $55,287, to the CDBG\nrevolving grant fund.”