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.i <br /> II. If the Department of Housing and Urban Development reduces this allocation, then each <br /> item will be reduced an equal percentage, including the Community Housing <br /> Improvement Program and Community Development Block Grant Administration. If a <br /> reduction is large enough to cause a burden, as determined by the staff, then a new <br /> budget will be returned to the City Council for their review and approval. <br /> III. The Mayor is hereby authorized to make formal application to the U.S. Department of <br /> Housing and Urban Development for funding assistance in accordance with this <br /> Resolution and the requirements of such application. <br /> IV. This Resolution will become part of the formal application to the U.S. Department of <br /> Housing and Urban Development. <br /> V. All payments and income from the Housing Rehabilitation Program (Fund 197) will be <br /> used for housing rehabilitation purposes. This is estimated at $400,000.00 for 2005. <br /> VI All payments and income from the HomeSight downpayment assistance program will be <br /> used for downpayment assistance. This is estimated at $30,000.00 for 2005 <br /> VII. Housing and capital projects funded with Community Development Block Grant, <br /> HOME, and Housing Trust (2060) funds will be loans with terms and conditions brought <br /> back in contract form to City Council. This does not include loans approved by the <br /> Community Housing Improvement Program Loan Review Committee. <br /> VIII. The required application forms and information are to be sent to the U.S. Department of <br /> Housing and Urban Development to complete all application requirements. <br /> IX. The 2005 - 2009 Consolidated Plan and 2005 Action Plan are hereby approved to be <br /> submitted to the U.S. Department of Housing and Urban Development to complete all <br /> application requirements. <br /> X. The Analysis of Impediments to Fair Housing portion of the 2005-2009 Consolidated <br /> Plan will be funded from transferred from CHIP Administration funds, up to <br /> $10,000.00. <br /> XI. HOME and additional ADDI funds may be used for Everett Housing Authority home <br /> ownership projects within Everett's Planning Area. <br /> Councilman Introducing Resolution <br /> PASSED AND APPROVED BY CITY COUNCIL THIS DAY OF , 2005. <br /> Council President <br />