The URL can be used to link to this page

Home My WebLink About01-16-19 City Administration Committee Agenda,I\RXKDYHDGLVDELOLW\WKDWZLOOUHTXLUHVSHFLDODUUDQJHPHQWVWREHPDGHIRU\RXWRIXOO\SDUWLFLSDWHLQWKHPHHWLQJSOHDVH FRQWDFWWKH&LW\&OHUNDWDWOHDVWKRXUVEHIRUHWKHPHHWLQJ 2XWRIFRQVLGHUDWLRQIRUWKHKHDOWKRIRWKHULQGLYLGXDOVSOHDVHUHIUDLQIURPXVLQJSHUIXPHFRORJQHDQGRWKHUVFHQWHG SHUVRQDOFDUHSURGXFWVDW&LW\RI,WKDFDPHHWLQJV7KDQN\RXIRU\RXUFRRSHUDWLRQDQGXQGHUVWDQGLQJ &,7<$'0,1,675$7,21 &2000,77(( $*(1'$,7(06 ,WHP9RWLQJ ,WHP" 3UHVHQWHUV7LPH $OORWWHG &KDLU'HE0RKOHQKRII &DOOWR2UGHU $JHQGD5HYLHZ 5HYLHZDQG$SSURYDORI0LQXWHV $SSURYDORI'HFHPEHU0LQXWHV 6WDWHPHQWVIURPWKH3XEOLF &RXQFLO¶V5HVSRQVH 1R <HV 1RWH:HZLOOUHYLHZWKH QXPEHURIFDUGVUHFHLYHGDWWKH EHJLQQLQJRIHDFKPHHWLQJDQG DGMXVWWLPHLIQHHGHG 0LQV &RQVHQW )LQDQFH%XGJHWDQG$SSURSULDWLRQV &+')±$SSURYHG3URMHFWVIRU)XQGLQJ ,3'±5HTXHVWWR$PHQG$XWKRUL]HG%XGJHW 5HTXHVWIRUIXQGVIRU$XWKRUL]HG&RQWLQJHQF\ )XQGIRU5($&+3URMHFW <HV <HV <HV 1HOV%RKQ'LUHFWRU,85$ 6WHYH7KD\HU&RQWUROOHU 6WHYH7KD\HU&RQWUROOHU 0LQV 0LQV 0LQV &LW\$GPLQLVWUDWLRQ+XPDQ5HVRXUFHVDQG3ROLF\ &RPPLVVLRQV3URMHFW$SSURYDO 6QRZ5HPRYDO0$7 6RFLDO0HGLD3ROLF\36, 'RJV &RPPRQV36, )ODJV&/ 'LVFXVVLRQ2GG(YHQ3DUNLQJ±SRVVLEOHH[WHQVLRQ RIKRXUVZKHQLQHIIHFW <HV 1R 'DQ&RJDQ&KLHIRI6WDII 'DQ&RJDQ&KLHIRI6WDII 0LQV 0LQV 0HHWLQJ:UDS8S $QQRXQFHPHQWV 1H[W0HHWLQJ'DWH)HEUXDU\ 5HYLHZ$JHQGD,WHPVIRU1H[W0HHWLQJ $GMRXUQ 1R$OO0LQV 'DWH-DQXDU\ 7LPH30 /RFDWLRQ&RPPRQ&RXQFLO&KDPEHUV UG)ORRU&LW\+DOO &$$JHQGD± )LQDQFH%XGJHWDQG$SSURSULDWLRQV &RPPXQLW\+RXVLQJ'HYHORSPHQW)XQG5RXQG²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¶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±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nclusion through Diversity Katherine Borgella, AICP Telephone (607) 274-5560 Commissioner of Planning and Sustainability 72 +RXVLQJ&RPPLWWHH )URP 'DYLG:HVW6HQLRU3ODQQHU 'DWH 1RYHPEHU 5H 5HSRUWRQ&RPPXQLW\+RXVLQJ'HYHORSPHQW)XQG5RXQG $FWLRQ5HTXHVWHG 1RDFWLRQLVUHTXHVWHGDWWKLVWLPH %DFNJURXQG 7KH&RPPXQLW\+RXVLQJ'HYHORSPHQW)XQGLVDMRLQWHIIRUWRI7RPSNLQV&RXQW\WKH&LW\RI,WKDFDDQG &RUQHOO 8QLYHUVLW\ 7KH SXUSRVH RI WKH IXQG LV WR KHOS FRPPXQLWLHV DQG RUJDQL]DWLRQV WKURXJKRXW 7RPSNLQV&RXQW\UHVSRQGWRWKHGLYHUVHDIIRUGDEOHKRXVLQJQHHGVRILWVUHVLGHQWV3URMHFWVPXVWLQFOXGH XQLWVRIDIIRUGDEOHKRXVLQJIRUORZDQGPRGHUDWHLQFRPHKRXVHKROGV,Q5RXQGV2QHWKURXJK6L[WHHQ WKHUHKDYHEHHQKRXVLQJXQLWVVXSSRUWHGZLWKPLOOLRQLQDZDUGV 5RXQG(LJKWHHQ$SSOLFDWLRQVDQG5HFRPPHQGDWLRQV 7KH1RWLFHRI)XQGLQJ$YDLODELOLW\IRUWKH&RPPXQLW\+RXVLQJ'HYHORSPHQW)XQGSURYLGHGWZR UROOLQJGHDGOLQHVRQHLQ0D\DQGRQHLQ2FWREHU7KH&RXQW\UHFHLYHGWKUHHDSSOLFDWLRQVIRUWKH2FWREHU GHDGOLQHDQGKDGRQHSURMHFWUHWXUQLQJIURPDFRQGLWLRQDODSSURYDOLQ5RXQG6HYHQWHHQWKHSURMHFWVDUH VXPPDUL]HGEHORZWRJHWKHUZLWKWKHIXQGLQJUHFRPPHQGDWLRQVEDVHGRQWKHUHYLHZRIWKH$SSOLFDWLRQ 5HYLHZ&RPPLWWHHDQGUHFRPPHQGDWLRQRIWKH3URJUDP2YHUVLJKW&RPPLWWHH 3URMHFW /RFDWLRQ $SSOLFDQW 1XPEHURI$IIRUGDEOH 8QLWV 32&)XQGLQJ 5HFRPPHQGDWLRQ YRWH 3URSRVHG 6SRQVRUVDQG )XQGLQJ &RPPLWPHQWV 6ODWHUYLOOH 5G 7RZQRI 'U\GHQ +DELWDWIRU +XPDQLW\ IRUVDOHXQLWDQGODQG IRUPRUH $0, XQDQLPRXV 7RPSNLQV &RXQW\N 6FDWWHUHG 6LWHV &LW\RI ,WKDFD ,1+6UHQWDOXQLWV VSHFLDOQHHGV XQLWV$0, XQLWV$0, XQDQLPRXVRQH DEVWHQWLRQ &LW\RI,WKDFD N ,WKDFD 7RZQKRPHV 7RZQRI ,WKDFD 153*URXSUHQWDOXQLWV XQLWV$0, XQLWV$0, XQDQLPRXV 7RPSNLQV &RXQW\N &RUQHOON : 6HQHFD6W &LW\RI ,WKDFD 9LVXPUHQWDOXQLWV $0, XQDQLPRXVRQH DEVWHQWLRQ &LW\RI,WKDFD N&RUQHOO N 3OHDVHQRWHWKDWWKHFRPPLWWHHVWURYHWRKDYHDVLQJOHIXQGHUSHUSURMHFWZKHUHSRVVLEOHWRPLQLPL]H DGPLQLVWUDWLYHFRPSOH[LW\±OLPLWHGSURMHFWVSRQVRUVGRQRWUHIOHFWDODFNRIVXSSRUWIRUSURMHFWV Tompkins County DEPARTMENT OF PLANNING AND SUSTAINABILITY 121 East Court Street Ithaca, New York 14850 Inclusion through Diversity 7KH3URJUDP2YHUVLWH&RPPLWWHHFKRRVHWRHQFXPEHUIXQGVWKDWEHFRPHDYDLODEOHIURPWKH&+') SDUWQHUVRQ1RYHPEHUWRRIIHUJUDQWVWRWKHVHSURMHFWV,WKDFD7RZQKRPHV,1+66FDWWHUHG 6LWHVDQG/DNHZRRGDOOKDYHDZDUGVFRQWLQJHQWRQUHFHLYLQJ/RZ,QFRPH+RXVLQJ7D[&UHGLWVLQ HDUO\,IDOODZDUGHGSURMHFWVPRYHIRUZDUGWKHUHZLOOEHLQSOHGJHGFRQWULEXWLRQV DYDLODEOHIRUWKHIXQGLQJURXQGVZLWKWKH&RXQW\¶VSRUWLRQEHLQJ7KH&RXQW\LVVWLOO DZDLWLQJDQRSLQLRQIURPWKH1<6&RPSWUROOHU¶V2IILFHUHJDUGLQJZKHWKHUWKH&RXQW\PD\FRQWULEXWH ORFDOIXQGVWRWKH&RPPXQLW\+RXVLQJ'HYHORSPHQW)XQG 5HVROXWLRQVWRDSSURYHIXQGLQJRIWKHVHDSSOLFDWLRQVZLOORFFXURQFHHQYLURQPHQWDOUHYLHZVDUHFRPSOHWH IRUWKHSURMHFWV &RQWDFW 'DYLG:HVWDWRUGZHVW#WRPSNLQVFRRUJ &$$JHQGD± )LQDQFH%XGJHWDQG$SSURSULDWLRQV 5HTXHVWWR$PHQGWKH$XWKRUL]HG%XGJHWIRU'RQDWLRQV :+(5($6LQWKH,WKDFD3ROLFH'HSDUWPHQWKLUHGDFRQVXOWDQWZKRVSHFLDOL]HVLQODZ HQIRUFHPHQWSROLF\WRKHOSXSGDWHWKH'HSDUWPHQW¶VSROLFLHVDQGSURFHGXUHVDQG :+(5($6WKH,WKDFD3ROLFH'HSDUWPHQWLVFRQWLQXLQJWRXSGDWHWKH'HSDUWPHQW¶VSROLFLHVDQG SURFHGXUHVLQDWDQHVWLPDWHGFRVWRIDQG :+(5($6WKH,WKDFD3ROLFH'HSDUWPHQWKDVUHFHLYHGDJUDQWIURP7ULDG)RXQGDWLRQWRKHOS GHIUD\WKHFRVWRIWKHFRQVXOWDQWDQG :+(5($6WKH'HSDUWPHQWUHFHLYHGDVLPLODUJUDQWLQIURP7ULDGQRZWKHUHIRUHEHLW 5(62/9('7KDW&RPPRQ&RXQFLOKHUHE\DFFHSWVWKHJUDQWIURPWKH7ULDG)RXQGDWLRQWR RIIVHWWKHFRVWRIWKHFRQVXOWDQWKHOSLQJWRXSGDWHWKH'HSDUWPHQW¶VSROLFLHVDQGSURFHGXUHVDQG DPHQGVWKH$XWKRUL]HG3ROLFH'HSDUWPHQWEXGJHWDVIROORZV ,QFUHDVH$SSURSULDWLRQ$FFRXQW $ &RQWUDFWV ,QFUHDVH5HYHQXH$FFRXQWV $ &RQWUDFWV &$$JHQGD±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¶V6HQLRU6WDIIIRUSRWHQWLDOIXUWKHUUHYLVLRQV2QFHFRPSOHWHWKHSROLF\ZLOOEHSXWIRUZDUGWRHLWKHUWKH0D\RURU &RPPRQ&RXQFLOIRUDSSURYDOZKLFKHYHULVWKHGHVLUHGFRXUVHRIDFWLRQ 7KH&LW\¶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¶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