Title
Ordinance No. 17-78 amending Ordinance No. 16-116 (2017 Appropriation Ordinance) for a supplemental appropriation to the Grants Fund in the amount of $9,923,798 for the Hazard Mitigation Grant Program awards funding landslide affected property acquisition and for the Community Development Block Grant-Disaster Recovery award funding phase III of the Manitou Incline Corridor Reconstruction project
Presenter:
Bret Waters, Deputy Chief of Staff
Gordon Brenner, Recovery Coordinator, Office of Emergency Management
Jennifer Vance, Grants Manager, Finance
Body
Summary:
The attached Ordinance is a supplemental appropriation of revenue and expenditure in the Grants Fund in the amount of $9,923,798. The expenditure appropriation is for acquisition and demolition of properties impacted by landslide activity ($7,923,798), and construction of phase III of the Manitou Incline Corridor Reconstruction project ($2,000,000). The source of funds consists of grant revenue from the Federal Emergency Management Agency (FEMA), and the U.S. Department of Housing and Urban Development.
Previous Council Action:
On November 27, 2016, City Council approved the 2017 Budget per Ordinance No. 16-116, which included the appropriation for the Grants Fund.
Background:
On August 22, 2016, the City Council received a presentation providing an overview of the FEMA Hazard Mitigation Grant Program and funding requested to acquire and demolish landslide affected properties.
Phase I of the Manitou Incline was completed in 2013, and Phase II was completed in 2015. Phase III is the final phase to complete all mitigation required on the Incline.
Financial Implications:
There is no impact to the City's General Fund, or other funds with the exception of the added appropriation to the Grants Fund as requested by this action. The Hazard Mitigation Grant Program required local match of 25% or $1,980,948.75 will be met by in-kind contribution of City staff efforts as well as throu...
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