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RESOLUTION Page 4 of 5 <br />the 2024 program year. Accordingly, the following contingency project would receive <br />an amount based on the original amount requested or total fund reallocation of <br />$150,000.00, whichever is lesser: <br /> <br />Contingency Project List <br />a. City of Everett Community Housing Improvement Program (CHIP) <br /> <br />6. For the purposes of the resolution, projects approved to receive funding under this <br />resolution are referred to as “Approved Projects.” Persons approved to receive funding <br />under this resolution for the Approved Projects are referred to as “Approved Providers.” <br /> <br />7. The City Council approves the Citizens Advisory Committee recommendation of <br />adjusting evenly all Approved Projects’ funding amounts based on the difference <br />between the estimate and final award for CDBG and HOME fund. If the final award <br />difference is greater than $150,000.00, the Committee will reconvene to provide an <br />updated funding recommendation. Further, if uncommitted funds less than $150,000 <br />remain during a program year, then allocation of such funds will be in accordance with <br />the 2024 Annual Action Plan and the Citizen Participation Plan. <br /> <br />8. The Mayor and the Mayor’s designee(s) are hereby authorized to make application to <br />the U.S. Department of Housing and Urban Development (and, as necessary to the State <br />of Washington, Snohomish County or any other governmental entity) for funding <br />assistance in accordance with this resolution and the requirements of each such <br />application. The Mayor and the Mayor’s designee(s) are authorized to sign and provide <br />the needed documents and to take all necessary actions necessary to complete all <br />application processes. <br /> <br />9. This resolution will become part of the formal application to the U.S. Department of <br />Housing and Urban Development and to the State of Washington. <br /> <br />10. All payments and income from the Housing Rehabilitation Program (Fund 197) revolving <br />loan fund will be used for CHIP housing rehabilitation and administrative purposes. This <br />is estimated at $150,000.00 for 2024. <br /> <br />11. The Mayor and the Mayor’s designee(s) are authorized to execute all contracts and take <br />all other actions necessary to implement the funding to Approved Providers for the <br />Approved Projects, all in accordance with this resolution, including without limitation <br />grant agreements, loan agreements, and associated documents with Approved <br />Providers.