TO: Mayor and Members of City Council
THRU: Kelly Strickland, Assistant City Manager
Jeffery Yates, Assistant City Manager
FROM: Albert A. Baker, Acting Economic and Development Director
Kimberly H. Leonard, NCLGBO, NCLGFO, CPA, MPA, Budget and Evaluation Director
DATE: June 23, 2025
RE:
Title
Adoption of Special Revenue Fund Ordinance Amendment 2025-4 to ensure appropriations for Community Development Block Grants from 2017-2024 accurately reflect grant funding updates.
end
COUNCIL DISTRICT(S):
Council District(s)
All
b
Relationship To Strategic Plan:
Goal 5: The City of Fayetteville will be a financially sound city providing exemplary city services.
Executive Summary:
Council is asked to adopt Special Revenue Ordinance Amendment 2025-4 to adjust Program Income and expenditure appropriations for Community Development Block Grants awarded by the Department of Housing and Urban Development (HUD), during the period of 2017 to 2024. The grants were previously approved, and the funding appropriated for each respective project, but the anticipated funding amount has changed, and CCAM 2025-4 is adjusting the appropriations to align with the grant funding updates.
Background:
The City of Fayetteville, as an entitlement community, receives an annual allocation of Community Development Block Grant (CDBG) funds from the U.S. Department of Housing and Urban Development (HUD). These funds are intended to support a wide range of community development activities that benefit low- and moderate-income residents, such as the acquisition, rehabilitation, or improvement of real property, public facilities, housing, and economic development initiatives.
In the course of carrying out these activities, the City may generate program income-defined as gross income received directly from the use of CDBG funds. This income can result from sources such as loan repayments (principal and interest), proceeds from the sale or lease of property acquired or improved...
Click here for full text