Res, #19-001 - Sponsorship of the Attached Community Dev. Block Grant App.

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nh l County � I II 1 1" VIII IIIIIIIIIIIP S 't� i"A I��ilv;,a�rNkd YC„I�'i6A'ICN l�lllllldd¢a"��(II 4U ,K �"�r4� ��'d�}�1Uo,'r�GiIIP �I�:��Nk BUDGET (30-point section) Consult the Application Guide for requirements o this section. MATCH - HOME FUNDED PROJECTS ONLY ® NIA- Applying for CDBG Funding Specify the type of MATCH contribution the applicant will use to meet the 25%MATCH requirement. BUDGET NARRATIVE Provide an explanation of the project budget and funding sources including leveraged funds and how they are applied towards your project: (2000-characters) Water service will be viewed favorably in the Community and we expect . . . . about half of the LIM income residents to book up . .immediately. The remainder of the parcels will be required to hook up to city water at the time of property sale or well failure. All 24 parcels will be new beneilciaries to the water service. In order to install water. lines . .existing runoff. ect area, the oj which are in poor condition, will need to be dug up almost completely to get the water lines buried to the proper depth. There is no curb or gutter on these streets, so storm sewer improvements would be made to channel Those storm sewer improvements extend the life of the street by keepingwater away from the road base. The streets would then be rebuilt to ensure a reasonably long life with adequate maintenance. The city . . . ll fund the street improvements through a combination of assessments and cash balances in . . the street improvement fund. Storm sewer improvements will be paid for through a . . .combination looking for funding through the CDBG program for the water infrastructure . . portioncosts and a overlay to the streets) to keep the project affordable for low and moderate •income residents.