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HomeMy WebLinkAboutA200 Kimball Morgan Tower BudgetCOMMUNITY DEVELOPMENT COMMISSION HOUSING AUTHORITY OF THE CITY OF NATIONAL CITY AGENDA STATEMENT MEETING DATE: June 17, 2014 AGENDA ITEM NO. ITEM TITLE: Resolution of the Community Development Commission Housing Authority of the City of National City adopting the Morgan Tower and Kimball Tower Budgets for Fiscal Year 2014-2015 (Housing and Grants) PREPARED BY: Jocker Alejandro PHONE: 619 336-4266 EXPLANATION: DEPARTMENT: Housing, Grants, & Asset M age ent APPROVED BY: This is a request to approve the Morgan Tower and Kimball Tower Budgets for Fiscal Year 2014-15. The Community Development Commission Housing Authority of the City of National City operates housing programs that benefit very low, low and moderate -income households in the City of National City. All costs of operating these programs are revenue offset. There is no cost to the City General Fund. (Please see attached background report). FINANCIAL STATEMENT: APPROVED: `tg t• . Finance ACCOUNT NO. APPROVED: MIS The funding source is Morgan Tower and Kimball Tower rental revenues and Section 8 rental subsidies from the U.S. Department of Housing and Urban Development. There is no cost to the City's General Fund. ENVIRONMENTAL REVIEW: N/A ORDINANCE: INTRODUCTION: FINAL ADOPTION: STAFF RECOMMENDATION: Approve the resolution. BOARD / COMMISSION RECOMMENDATION: ATTACHMENTS; 1. Background 2. Kimball Budget 3. Morgan Budget