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Session 1315, Minutes Page 7 September 20, 1982 they will be able to see and discuss the plans before any construction work was be- gun. Mayor Mooney pointed out that the total cost of the project will be $51,000, with adjacent property owners providing $6,100, and the City assuming the remainder. Mr. Levy said that a resident's share of the cost can also be handled on an installment basis of up to ten annual payments, with 8% interest. He also said it was very un- likely that the street would be improved before winter because of the time necessary to get plans drawn up which were acceptable to everyone, and the bidding process. Mr. Ollendorff confirmed this and said construction could definitely not take place before spring; however, the City would try to address the immediate drainage prob- lems on Mr. Susman's property and two others in a temporary fashion until actual construction work can start. COMMUNITY DEVELOPMENT APPLICATION The City Manager said a public hearing was scheduled for 8:00 p.m., with the City Council being requested to take final action on the 1983 Community Development ap- plication so that the deadline for submission will be met. The City now expects to receive total funding in the amount of $550,700. However, originally, $413,000 was expected, and the following recommendations were made by staff for the use of those funds: Home Improvement Program $ 10,000 Home Repair Program 50,000 Free Exterior Paint Program 3,000 Weatherization Program 3,000 Parkview Gardens Neighborhood Strategy Area 164,000 Business Development Program 40,000 Redevelopment Authority Activities 15,000 Flood Control Projects 50,000 Planning Studies for Flood Control 20,000 Administration 58,000 Total $413,000 Mr. Ollendorff said the City very recently received word that additional funding in the amount of $137,700 will be received, and several alternatives, presented below, have been suggested by staff, as follows: 1) Formation of a Neighborhood Strategy Area (NSA) in the northwest section of the City (west of 82nd Boulevard and north of Olive) and development of an overall neighborhood improvement program for this area. Many families in this area have applied for home improvement loans, but were rejected because their income was slightly above the limits. These people wish to improve their prop- erty, but cannot finance the project without assistance. If an NSA was formed, loans can be made to these families, who have the financial capability of repay- ing them. In addition to an extensive home improvement effort, other activi- ties will be undertaken to complete the neighborhood improvement project, as follows: k