Title
Requests for Extension
Body
RECOMMENDED ACTION (Motion):
Motion to approve or deny requests for extension.
BACKGROUND:
Both projects were approved for full funding at the May 29, 2014 grant meeting. Main Street Oregon City received $25,000 and has been reimbursed for $5,473.70, leaving a balance of $19,526.30. Oregon City High School received $18,299.82 and has been reimbursed for $4,574.75, leaving a balance of $13,725.07. The total for both projects is $33,251.37. This amount is available in the budget to carry over should the Committee approve the requests.
Additionally, Main Street Oregon City has stated that they will be forfeiting $12,000 of the 2014-15 grant award.
BUDGET IMPACT:
Amount: $21,251.37
FY(s): 2014-15
Funding Source: Community Enhancement Program Grant