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Total(Public Services&Non-Public Services) $1,273,165.00 <br /> 2 <br /> Budget Sources <br /> 2014 CDBG Entitlement $837,407.00 <br /> 2014 HOME funds $314,742.00 <br /> 2013 Housing Trust 2060 Funds $120,000.00 <br /> CDBG Reallocations <br /> 2010 Boys and Girls Clubs $513.37 <br /> 2012 Imagine Children's Museum $15.00 <br /> 2012 Snohomish County Weatherization $487.66 <br /> Total Budget Sources $1,273,165.00 <br /> 2. If the Department of Housing and Urban Development reduces or increases this allocation, each item <br /> will be reduced or increased an equal percentage, including the Community Housing Improvement <br /> Program and Community Development Block Grant Administration. If a reduction is large enough to <br /> cause a burden, as determined by the staff, a new budget will be returned to the City Council for <br /> review and approval. <br /> 3. The Mayor is hereby authorized to make formal application to the U.S. Department of Housing and <br /> Urban Development for funding assistance in accordance with this Resolution and the requirements of <br /> such application. <br /> 4. This Resolution will become part of the formal application to the U.S. Department of Housing and <br /> Urban Development and to the State of Washington. <br /> 5. All payments and income from the Housing Rehabilitation Program(Fund 197)revolving loan fund <br /> will be used for CHIP housing rehabilitation and administrative purposes. This is estimated at <br /> $300,000.00 for 2014. <br /> 6. All payments and income from the Homesight and Parkview Services down payment assistance <br /> programs will be used for down payment assistance. This is estimated at$30,000.00 for 2014. <br /> 7. Capital projects such as recreation and park facilities,club facilities,health care facilities and similar <br /> facilities using Community Development Block Grant funds are required to match funds at a minimum <br /> of a 50/50 match. <br /> 8. Housing and capital projects funded with Community Development Block Grant,HOME, and Housing <br /> Trust(2060) funds will be loans with terms and conditions brought back in contract form for City <br /> Council approval unless there is other direction given in this resolution. This does not include loans <br /> approved by the Community Housing Improvement Program Loan Review Committee. The loans for <br /> the housing projects will be paid back to the City of Everett. For rehabilitation projects using Rental <br /> Rehabilitation funds there is a minimum of a 50/50 match for these funds now and in the future <br /> 9. For the following programs/projects: Interfaith Association operations, Cocoon House operations , <br /> Domestic Violence Services operations, Tomorrows Hope Daycare Improvements,WHOYO <br /> Apartment Acquisition, Homesight First Time Homebuyers,Boys and Girls Club Improvements, <br /> Minor Home Repair, ChildStrive Improvements,and all Public Service funding approved in this <br /> resolution, the Mayor is authorized to execute the contracts and necessary documents to implement the <br /> approved projects <br /> 15 <br />