City Council

13. Agreement with the U.S. Department of Housing and Urban Development (HUD) and Appropriation Adjustment to Recognize $2,500,000 in Grant Funds for the Downtown Business Improvements Initiative Project Department(s): Community Development Agency Recommended Action: 1. Authorize the City Manager to execute the grant agreement with the U.S. Department of Housing and Urban Development (HUD). 2. Approve an appropriation adjustment to recognize $2,500,000 from the US Department of Housing and Urban Development for the Downtown Business Improvement Initiatives Project into Federal Grant revenue account (no. 41818002­ 52001 Federal Grant­Direct) and appropriate the same amount into expenditure accounts (no. 41818834­62300 Contract Services – Professional and 418834­61000 Salaries Regular). (Requires five affirmative votes)