HomeMy WebLinkAboutItem 10.1 Federal Aid Urban Funds M E M O R A N D U M
T0 : ity Council
FROM 00 City Manager
SUBJECT: Federal Aid Urban Funds
DATE : April 18 , 1985
The City has been notified that the City of Madera is willing to
sell its allocation of Federal Aid Urban funds which will be
available by October 1 , 1985 . It is standard practice to
purchase funds from other agencies at a price that is less than
dollar for dollar basis . Since the City has FAU projects which
are presently under-funded in the City' s Capital Improvement
Program, it is recommended that the City Engineer be authorized
to bid for these FAU funds which are being made available for
purchase by the City of Madera .