1. CSA 2008 LEGISLATIVE RECAP Presentation regarding the County Supervisors Association (CSA) 2008 Legislative Recap. (C-20-09-030-P-00) Craig Sullivan, Director, CSA

2. NEIGHBORHOOD STABILIZATION PROGRAM FUNDING The Community Development Department will give a presentation regarding the Neighborhood Stabilization Program Funding. At the conclusion of the presentation, approve the Annual Action Plan amendment for submission to the U. S. Department of Housing and Urban Development (HUD) for the purposes of receiving up to $9,974,267 in Neighborhood Stabilization Program funding. Also, approve revenue and expenditure adjustments to the Community Development Department (170) Grant Fund (217) operating budget (0000) associated with the aforementioned grant in the not-to-exceed amount of $9,974,267. The appropriation adjustment is necessary because these funds were not included in the FY 2009 budget. Grant revenues are not local revenues for the purpose of the constitutional expenditure limitation, and therefore expenditures of these revenues are not prohibited by the budget law. The approval of this budget adjustment does not alter the budget constraining the expenditures of local revenues duly adopted by the Board pursuant to A.R.S. §42-17105. The Community Development Department’s indirect rate for FY 2008-09 is 9.6% estimated at $957,530. The grant allows for 10%; therefore, indirect costs are fully recoverable. Funds for this grant are from the U.S. Department of Housing and Urban Development and do not affect the County General Fund. (C-17-09-047-G-00) Renee Ayres-Benavidez, Community Development Director

3. EXECUTIVE SESSION