City Council will hold Public Hearing on 3/19 for CDBG Action Plan Approval and Appropriation
The following public hearing will be held at 6:00 pm, immediately following the City Council Workshop, on March 19, 2024, in Council Chambers at City Hall, 31 Wakefield Street.
RESOLUTION ADOPTING AN FY 2025 ROCHESTER CDBG “ACTION PLAN FOR THE CITY OF ROCHESER, N.H.” AND APPROVING AND APPROPRIATING THE FY 2025 COMMUNITY DEVELOPMENT BUDGET FOR THE CITY OF ROCHESTER
BE IT RESOLVED BY THE MAYOR AND CITY COUNCIL OF THE CITY OF ROCHESTER, AS FOLLOWS:
I. That the Mayor and City Council of the City of Rochester, by adoption of this Resolution, hereby adopt the one-year FY 2025 (July 1, 2024—June 30, 2025) “Action Plan for the Community Development Block Grant (CDBG) Program for the City of Rochester, N.H.,” as prepared and presented to the Mayor and City Council by the City of Rochester Office of Economic and Community Development, in connection with the City’s CDBG program, including the goals, objectives, and concepts set forth therein;
II.Further, that a twelve (12) month Community Development Block Grant budget for the Office of Economic and Community Development for the City of Rochester will be approved and appropriated for fiscal year 2025 (July 1, 2024—June 30, 2025). Included in said approval and appropriation are expenditures set forth in the one-year action plan of the Office of Economic & Community Development for the City of Rochester for the Community Development Block Grant program, in the following categories and amounts:
Administration and Planning 20%
Public Service Agencies 15%
Housing/Public Facilities/Infrastructure 65%
Total 100%
III. Further, that Two Hundred Forty One Thousand Fifty Six Dollars and Eighteen Cents ($293,921.24) in the Job Opportunity Benefit revolving loan fund, plus the principal and interest received monthly from existing loans’ repayments, be appropriated for continued use in the FY 2024 Action Plan year in granting loans to qualified small businesses that commit to the creation and/or retention of jobs made available to low to moderate-income Rochester residents.
This budget and the one-year action plan for FY 2025 may be reconsidered if federal funding is changed or if it is inconsistent with the total FY 2025 budget adopted for the Office of Economic and Community Development.
The sums necessary to fund the above appropriation in the amount shall be drawn in their entirety from the above-mentioned FY 2025 Community Development Block Grant from the federal government to the City of Rochester. The Finance Director is hereby authorized to create such line-item accounts as shall be necessary to implement this Resolution.
Furthermore, in the event that federal funding for the above Community Development Block Grant budget is less than the total appropriation amount provided for in this Resolution, then, and in such event, the City Manager, or the City Manager’s designee in the Office of Economic and Community Development, is authorized to adjust the amounts for the budgetary categories stated above, as well as for any planned grants and/or other expenditures made from within such budgetary categories.