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RESOLUTION Page 4 of 4 <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 for 2026. <br /> <br />11. Loans for Approved Projects that are housing projects will be paid back to the City of <br />Everett unless otherwise approved by City Council. <br /> <br />12. The annual Community Development Block Grant Administration funding will be the <br />amount allowed from the annual grant and will be set-aside and no application made. <br />This is being done as a time-saving action and because of the need to be more efficient <br />with staff time. <br /> <br />13. The Mayor is authorized to execute all contracts and take all other actions necessary to <br />implement the funding to Approved Providers for the Approved Projects, all in <br />accordance with this resolution, including without limitation grant agreements, loan <br />agreements, and associated documents with Approved Providers. <br /> <br />14. The 2026 Annual Action Plan is hereby approved to be submitted to the U.S. <br />Department of Housing and Urban Development. <br /> <br /> <br /> <br /> <br />Councilmember Introducing Resolution <br /> <br /> <br />PASSED and APPROVED this day of , 2026. <br /> <br /> <br /> <br /> Council President <br />1st April