HomeMy WebLinkAbout(1) 2017 ECONOMIC DEVELOPMENT (EDA) GRANT REIMBURSEMENT UPDATE '/
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INTEROFFICE MEMORANDUM
Date: July 18, 2017
To: The Honorable Mayor and City Council
Through: Brian McDougal, City Manager
From: Kandace M. Tappen, Assistant City Manager/Administration
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RE: 2017 Economic Development(EDA) Grant Reimbursement I pdate
Introduction:
The intent of this Agenda Item is to provide the City Council an informational update regarding
Staffs progress with an EDA grant reimbursement.
Background:
Earlier this year in March, Staff provided the City Council with information regarding the
parameters of an outstanding 2012 EDA grant and potential reimbursement to the City for the
renovation of the Armory building. Based on this update, Staff obtained approval to move
forward with the EDA Administrators to complete the necessary legal requirements and
documentation required by the EDA grant agreement for the consideration of them reimbursing
the City for the renovation. At the time of the March update, the anticipated estimated
reimbursement amount was $800,000.00. Staff is pleased to inform the City Council that not
only did the EDA increase the percentage of reimbursement eligibility from 47.57%to 53.86%,
but has issued the full grant amount of$1,000,000.00.
Budget Impact:
Costs associated with the Armory renovation were originally expensed from FY 2012 thru FY
2015. The EDA grant reimbursement will be accounted for in the General Fund.
Recommendation:
No action is necessary at this time, as the Agenda Item is an informational item only.
"Remember,we are here to serve the Citizens of Port Arthur"
P.O.Box 1089 X Port Arthur,Texas 77641-1089 X 409.983.8101 X FAX 409.982.6743
Kandace Tappen
From: Larsen, Lisa
Sent: Monday, June 26, 2017 10:22 AM
To: Kandace Tappen
Cc: Brian McDougal; Harold Hankins; Giannini, Matthew (Federal)
Subject: Paid - EDA Grant 08-01-04764 City of Port Arthur
All,
Because of the expediency of which we executed the administrative correction for the reimbursement of the above
Grant,the NOAA Accounting office was able to immediately perform the necessary steps to avoid expiry of
funds, and process the above Grant for reimbursement.
As of today 6/26/17,the City of Port Arthur is now reimbursed the$1,000,000.00 for the above Grant. The funds
should now be in your account.
Thanks Everyone, for all your work on getting this to closure!
Sincerely,
Lisa Larsen
Civil Engineer
U.S. Department of Commerce
Economic Development Administration
Austin Regional Office
903 San Jacinto Blvd., Suite 206
Austin, Texas 78701
Phone:(512)381-8156
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