City Council

14.1 Consideration and Adoption of a Resolution Approving the Allocation of Additional\nCommunity Development Block Grant Funds in the Amount of $150,000 to the Small\nBusiness Grant Program to Assist Businesses in the City of El Monte.\nRECOMMENDATION OF BUSINESS ITEM UNDER CONSIDERATION:\nIt is recommended that the City Council:\n1. Adopt a Resolution approving the allocation of an additional $150,000 in CDBG funds for\nFiscal Year 2023-2024 from unused/unprogrammed CDBG funds to continue the current\nSmall Business Grant Program.\nTotal Cost: $150,000 Account No: 220-65-036-6352\nIs the cost of this item budgeted? Yes\nResolution No. 10514