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Project Activity 01 (Select the HUD activity listed in the Application Guide that best fits this project; <br /> example: 030 Fire Station) <br /> If this is a phased project, can this phase stand alone? ® Yes 1 No <br /> Will CDBG funding be used to leverage additional funding? n Yes 1X1No <br /> 'Funding Request <br /> Amount ($) of CDBG Request $ 190,000.00 <br /> Amount ($) of Community or Agency's Resources $ 0.00 <br /> Amount ($) from Other Sources $ 0.00 <br /> Total Program Costs ($) $ <br /> 'Program Narrative <br /> Program Description <br /> To eliminate slum and blight. <br /> Describe the need and urgency for the proposed project. What are the consequences if the project <br /> is not funded? <br /> This area that the two structures lie is a key area within the City and has been pegged for <br /> future re- development. The City would like to acquire these parcels when they have a willing <br /> seller and when the market is at an all time low. <br /> Describe the organization's fiscal management including financial reporting and recording keeping. <br /> The City of Centerville has a full time Accounting Clerk and Finance Director that work to <br /> ensure all accounting entries are completed and reconciled on a timely basis. The governing <br /> body is provided with monthly financial statements. Furthermore, the City has an annual <br /> audit that ensures compliance to all governmental accounting standards. <br /> Is there a fiscal agent other than the applicant? n Yes ® No <br /> Performance Measurement Standards <br /> (Definitions located in the Guide) <br /> Objective - SELECT ONE <br /> ® Suitable Living Environments <br /> Decent Housing <br /> n Economic Opportunity <br /> Anoka County CDBG Application j <br /> 29 <br />