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<br />M Martinsville <br /> <br />City Council <br />Agenda Summary <br /> <br />Meeting Date: <br />Item No: <br />Department: <br />Issue: <br /> <br />February 13, 2007 <br />6. <br /> <br />Community Development <br />Update on Cherry Street Neighborhood Improvement Project. <br /> <br />Summary: <br /> <br />The planning phase of the Cherry Street Community is just about complete. This <br />effort that began in October 2005 is being finalized for the submittal of an <br />application in March 2007. This new application would be for a grant being <br />awarded from CDBG funds. The total amount being requested from the State, at <br />this time, is $1.4 million, plus an estimated $500,000 in infrastructure upgrades <br />by the city. In addition, another $1 million is being sought to complete the rehab <br />and replacement of an estimated thirty- eight (38) residential units. This effort will <br />be a multi - year project, meaning instead of a continuous 30 month effort, we <br />envision it being 36 - 48 months. We will perform the improvement effort in <br />phases: housing rehabilitation and replacement; then in - fill housing. Governor <br />Kaine will be announcing the winners of this year's grants in June 2007, with <br />construction slated to begin January 2008. <br /> <br />Attachments: <br /> <br />Detailed Proiect Summary <br />Project Area Map <br /> <br />Recommendations: No action required <br />