BY PRESIDENT GILBERT:RESOLUTION AUTHORIZING 1999 AND 2000 HOME PROGRAM HOME OWNERSHIP INITIATIVE GRANT AGREEMENTS AND A RESERVATION OF 2000 HOME FUNDS IN AN AMOUNT NOT TO EXCEED $211,000.
WHEREAS, pursuant to 42 U.S.C. 3539(d) and 42 U.S.C. 12701-12839, the U.S. department of housing and urban development (HUD) has established the HOME program and the regulations governing said program as set forth in 24 CFR Part 92.
NOW, THEREFORE, BE IT RESOLVED,
that the proper city officials are hereby authorized to enter into agreements
with the entities listed below in the amounts listed below, substantially
in the form of the copies on file in the office of the city clerk as Public
Document No. _________________, payable from 1999 HOME Program Fund 260,
Agency 020, Org. 2681, Object H012, and 2000 HOME Program Fund 260, Agency
020, Org. 2601, Object H012.
|Housing and Redevelopment Authority (HRA) and Minnesota Housing Finance Authority||$100,000||1999|
|Northern Communities Land Trust (NCLT) and HRA as disbursing agent||$ 11,000||1999|
|Northern Communities Land Trust (NCLT) and HRA as disbursing agent||$ 39,000||2000|
BE IT FURTHER RESOLVED, that
the city of Duluth does hereby reserve $61,000 of the city's fiscal year
2000 allocation of HOME program funds for use by the Spirit Valley Citizens
Neighborhood Development Association (SVCNDA) in the Ramsey Village Infill
This resolution also reserves $61,000 in home ownership initiative project funds for SVCNDA to provide gap financing for up to four home buyers in the Ramsey neighborhood. The homes may be part of an innovative effort using modular construction of infill housing. The plan and budget submitted are early estimates. This reservation will allow SVCNDA to complete project plans and provide a more detailed budget. A summary of the project proposal is attached. Copies of the completed HOME application are also available at the office of Community Development & Housing. The agreements and grant reservation were recommended by the Duluth Housing Commission at its January 13, 2000 meeting and by the CCAC at its January 25, 2000 meeting.