City Council

13. Agreement with the U.S. Department of Housing and Urban Development (HUD) and\nAppropriation Adjustment to Recognize $2,500,000 in Grant Funds for the Downtown\nBusiness Improvements Initiative Project\nDepartment(s): Community Development Agency\nRecommended Action: 1. Authorize the City Manager to execute the grant\nagreement with the U.S. Department of Housing and Urban Development (HUD).\n2. Approve an appropriation adjustment to recognize $2,500,000 from the US\nDepartment of Housing and Urban Development for the Downtown Business\nImprovement Initiatives Project into Federal Grant revenue account (no. 41818002­\n52001 Federal Grant­Direct) and appropriate the same amount into expenditure\naccounts (no. 41818834­62300 Contract Services – Professional and 418834­61000\nSalaries Regular). (Requires five affirmative votes)