El Monte
City Council
Agenda Item 2
14.2 Consider and Approve the Repayment to the U.S. Department of Housing and\nUrban Development for $544,182.96 to Reimburse HOME ARP Funds with General\nFunds.\nRECOMMENDATION OF BUSINESS ITEM UNDER CONSIDERATION:\nIt is recommended that the City Council:\n1. Approve the repayment of HOME ARP funds in the amount of $544,182.96 to U.S.\nDepartment of Housing and Urban Development utilizing general funds; and\n2. Authorize the City Manager to execute required forms and certification on behalf of the\nCity for repayment.\nTotal Cost: $544,182.96 Account No: General Fund\nIs the cost of this item budgeted? No