Dept/ Agency: Administration/Office of Management and Budget Action: (X) Ratifying (X) Authorizing (X) Amending Type of Service: Transfer of CDBG Funds Purpose: To amend CDBG Coronavirus Aid, Relief and Economic Security (CARES) ACT, CDBG-CV Allocation. Funding Source: United States Department of Housing and Urban Development Amount Transferred: Increased by $3,500,308.00 Transferred From: Special Economic Development Activities, Microenterprise Assistance, and Tenant Based Rental Assistance Transferred To: Special Economic Development Activities, Microenterprise Assistance, and Tenant Based Rental Assistance Additional Information: Apply and Acceptance Resolution 7R1-c(AS) adopted February 3, 2021. This amendment will increase the amount for the CDBG-CV Allocation by the following: CDBG-CV3 Allocation - $3,500,308 Special Economic Development Activities - $300,308 Microenterprise Assistance - $1,200,000 Rental Assistance - $2,000,000 Two-Thirds vote of full membership required.