|GRANT APPLICATION PROCEEDS|
BLOCK GRANT ADMINISTRATOR SELECTED 10-5-11 LMS
The Salmon City Council has voted to award the job of Idaho Community Block Grant Administrator to the East Central Idaho Planning and Development Association (ECIPDA).
Late last month the council voted to proceed with an application for a $500,000 Community Block Grant being offered through the Idaho Department of Commerce. One of the steps in the application process is to select a grant administrator to oversee the grant in the event the city of Salmon is successful in obtaining it.
ECIPDA was the only respondent to the advertised request for proposals and the council felt since the city has worked well with the Association before and it is the firm in charge of writing the block grant application, choosing it to be the grant administrator was the logical choice.
The next step will be for City Finance Director Amy Fealko and City Administrator George Ambrose to review the ECIPDA agreement and negotiate the amount that will be paid for administration services.
If awarded, the grant monies would go towards future improvements on the city’s wastewater system.
Finance Director Fealko reported on her research into investment rates on Certificates of Deposit (CDs) that are available at various financial institutions. The rates offered 18 months ago on the city’s two $250,000 CD investments were .8 and around .75. Fealko is confident those rates have lowered since then. She found that before any investment through a financial outlet different from those used now can be considered, the city code authorizing official depositories will have to be changed. Presently the authorized depositories are East Idaho Credit Union, U.S. Bank, Wells Fargo Bank, Bank of America and the state sponsored Local Government Investment Pool.
The city’s Finance Committee was directed to review the code and offer additional depository recommendations to the full council.
The yearly Community Festival of Trees event will be held at the Salmon Valley Center December 1st through December 3rd. Local Option Tax funds have been obtained to pay the three day facility rental fee and after discussion the City Council waived fees for the half day set up on November 30th and the half day required for room cleaning and tree delivering on December 4th. The $50 a day refundable cleaning deposit was also waived. Proceeds from the sale of the beautifully decorated Christmas Trees will go to the Ambulance Shed building fund. The council considered the fee waiver a contribution towards that fund.
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