NEIGHBORHOOD ECONOMIC DEVELOPMENT

Administration/Sub-Award OFFICE OF MANAGEMENT AND BUDGET Recurring, Special Revenue Project PM: Program Supervisor, Community Development

Pages 151–152 in Capital Budget · 2 tables · includes narrative

Page 151

NEIGHBORHOOD ECONOMIC DEVELOPMENT

Functional Area: Administration/Sub-Award Project Type: Recurring, Special Revenue Project Responsible Department: OFFICE OF MANAGEMENT AND BUDGET Project Manager: Program Supervisor, Community Development

Capital Improvement Program

Project Description

This project funds community development corporations and neighborhood groups doing work in Community Development Block Grant-eligible areas.

Project Justification

Community-based organizations will work on economic development projects that have the opportunity to generate additional tax revenue for the City.

cip_funding Page 0, Table 0 (p. 151 in full PDF)

Shows capital project funding by source and year.

Source	2025	2026	2027	2028	2029	2030	2031	Total 2026-2031
CDBG	720,000	720,000	720,000	720,000	720,000	720,000	720,000	4,320,000
BOND								0
PAYGO								0
OTHER								0
TOTAL	720,000	720,000	720,000	720,000	720,000	720,000	720,000	4,320,000

Operating Budget Impact

This project is managed by Community Development Block Grant-funded personnel, so there is no operational cost to the City.

Unexpended/Unencumbered Prior Year Funds $35,000

Page 152

NEIGHBORHOOD ECONOMIC DEVELOPMENT

2026 Deliverables and Objectives

Deliverables are tentative and subject to change Location

Figure

deliverables Page 1, Table 0 (p. 152 in full PDF)

Lists project objectives, deliverables, and performance measures.

Deliverable/Objective	Location	District	Fund	Cost
NEIGHBORHOOD ECONOMIC DEVELOPMENT GRANTS	City-Wide	City-Wide	CDBG	720,000