HomeMy WebLinkAboutI - 05b CDBG Project # 287ED967-21 12 Month Completion NoticeSENT VIA ELECTRONIC MAIL, NO HARD COPY TO FOLLOW
March 7, 2022
Thomas Williams
Town of Cortlandville
3577 Terrace Road
Cortland, NY 13045
Re: Grant Agreement 12 month Completion Notice
NYS CDBG Project #287ED967-21
The Office of Community Renewal (OCR) would like to take this opportunity to remind the
Town of Cortlandville that the completion date for the above referenced NYS CDBG project,
the assist Seven Valley Specialty Cables, LLC, is set to occur in twelve (12) months time
on March 10, 2023.
OCR records indicate that, as of the date of this letter, there is a balance of $267,200.00 in
unexpended grant funds. It is our sincerest hope that the project will be completed in a
timely manner, and these funds expended according to the project budget and schedule, so
as to avoid the reallocation of the grant funds.
As per the NYS CDBG Program Guidelines, the OCR provides grantees a 30-day window
following the completion date of a grant agreement to submit any final drawdown requests
for costs incurred prior to the grant agreement completion date. Pursuant to Section 12(d)
of your grant agreement, after April 10, 2023 any unspent grant funds will be immediately
turned over to the Housing Trust Fund Corporation. The remaining project funds will be
reallocated according to New York State’s approved Action Plan.
As always, the OCR is prepared to assist the Town of Cortlandville in any way we can to
ensure the successful completion of the project. Please contact Marilyn Ponce, Community
Developer, with any questions at (518) 474-2057 or marilyn.ponce@hcr.ny.gov.
cc: Marilyn Ponce, Community Developer
Kristin Rocco Petrella, Clerk/Treasurer/Registrar
KATHY HOCHUL
Governor
RUTHANNE VISNAUSKAS
Commissioner/CEO
Sincerely,
Scott LaMountain
Program Director
Office of Community Renewal