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SUBJECT; REQUEST FOR AUTHORIZATION FOR THE COMMUNITY DEVELOPMENT <br />DIRECTOR TO MAKE APPLICATION FOR A COMMUNITY DEVELOPMENT <br />BLOCK GRANT IN THE ECONOMIC DEVELOPMENT CATEG(DRY <br />It is requested that the data herein presented be given formal consideration by the Board of County <br />Commissioners at its regular meeting of April 20, 1999. <br />On January 19, 1999, the Board of County Commissioners, at an advertised public hearing, <br />or an Economic Development' Community <br />authorized community development staff to apply f <br />Development Block Grant (CDBG). Also at that meeting, the Board revised and them reactivated <br />the county's CDBG citizen advisory task force. <br />According to CDBG requirements, the Board must hold a second public hearing to obtain public <br />input on the county's proposed Economic Development CDBG application and to approve the <br />application for submittal to the Florida Department of Community Affairs (DCA)This is the <br />required second public hearing. At this time, the Board must formally authorize staff. submit the <br />, <br />application and to sign the necessary documents related to the application submittal. <br />Through the Economic Development category of the Community Development Block Grant <br />Program, funds are available to local governments to provide necessary infrastructure to sites f <br />new businesses or for business expansions. Local governments may also obor <br />conomic <br />Development Community Development Block Grants and lend funds directly to a business for tain E <br />capital expenses (land, building, equipment, site development). Funds from this grant category must <br />be utilized to create jobs or retain existing jeopardized jobs, primarily for low/moderate income <br />persons. <br />Unlike the other CDBG categories (Neighborhood Revitalization, Housing, and Commercial <br />Revitalization), applications for Economic Development fiords may be submitted at any time during <br />the year, provided that funds are still available. For a project to be funded, the Economic <br />Development grant application must have a minimum "program impact score" of 400 points. A <br />major component of the "program impact score" is the number of jobs being created by the project. <br />A portion of the CDBG application calculates a ratio of CDBG funds being requested per job <br />created. If that ratio exceeds $34,999/job, the project will be ineligible for CDBG fiords. <br />APRIL 209 1999 <br />-21- NUK iOd FACE <br />