Title
Budget Amendment - Town of Cornelius - Smithville
Action
ACTION:
1) Recognize, receive, and appropriate State funding in the amount of $500,000 for the Town of Cornelius Smithville Grant agreement to the General Grant Fund (G001).
2) Adopt the required grant project ordinance for Town of Cornelius Smithville Grant in the General Grant Fund (G001).
Staff Contact: LaShonda Hart, Affordable Housing Program Manager
Presentation: No
BACKGROUND/JUSTIFICATION:
The Town of Cornelius will provide state grant funds to Mecklenburg County as sub-recipient. Mecklenburg County will provide funds to the Smithville Community Coalition for property acquisition/demolitions within the Smithville neighborhood, surveying and civil engineering activities, and contracted consultants to assist with the implementation of the Smithville Revitalization Plan.
Smithville Community Coalition will implement the Smithville Redevelopment Plan. The Smithville Redevelopment Plan’s only goal is to redevelop the Smithville neighborhood with affordable/workforce housing redevelopment. This will be accomplished by contracting a consultant project manager to implement the plan. The activities that the State’s redevelopment funds will focus on include acquiring property within the Smithville neighborhood and demolish houses that are in disrepair. The funds will also be used for surveying and civil engineering design that is associated with the Revitalization Plan.
PROCUREMENT BACKGROUND:
N/A
POLICY IMPACT:
N/A
FISCAL IMPACT:
Increase in revenue and associated expense in the General Grants Fund (G001) in the awarded amount.