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• EVERETT CITY COUNCIL AGENDA ITEM COVER SHEET <br /> PROJECT TITLE: <br /> Consent COUNCIL BILL # 9 <br /> The ADDI Agreement with x Action Originating Department Planning <br /> Snohomish County for$100,645. First Reading Contact Person Dave Koenig <br /> Second Reading Phone Number 257-8736 <br /> Third Reading FOR AGENDA OF January 3, 2007 <br /> Public Hearing <br /> Initialed by: <br /> Department Head <br /> CAA <br /> Council President 1 <br /> Location Preceding Action Attachments Department(s)Approval <br /> City wide Interlocal agreement with Snohomish County Legal, Planning and <br /> Snohomish County for ADDI Agreement Community Development <br /> ADDI/HOME funds <br /> Council approval of this agenda item authorizes a budget revision in the additional amount requested. <br /> Expenditure Required $ -0- Account Number(s): <br /> Amount Budgeted $ -0- <br /> Additional Required $ -0- <br /> DETAILED SUMMARY STATEMENT: <br /> The City of Everett and Snohomish County have an Interlocal Cooperation Agreement for the HOME <br /> Investment Partnership. The American Dream Downpayment Initiative(ADDI)is HOME funds set aside for <br /> homeownership separate from the HOME allocation. This agreement brings several years' worth of HOME- <br /> ADDI funds to the City of Everett. The total amount of funding is $100,645.00. The City Council has <br /> approved these funds to be administered by HOMESITE as a part of the annual Community Development <br /> Block Grant(CDBG) funding cycle and a contract with HOMESITE will be coming to Council for approval <br /> in the future. <br /> RECOMMENDATION (Exact action requested of Council): <br /> Authorize the Mayor to sign the ADDI Agreement with Snohomish County for $100,645. <br />