2010/08/25 Council Agenda Packet

EVERETT CITY COUNCIL AGENDA ITEM COVER SHEET 6 PROJECT TITLE: Amendment A to Grant Consent COUNCIL BILL# Agreement with Washington Action Originating Department Planning State Department of Commerce First Reading Contact Person David Koenig for Neighborhood Stabilization Second Reading Phone Number 425-257-8736 Program activities Third Reading FOR AGENDA OF Public Hearing Initialed by: Department Head _t CAA Council President Location Preceding Action Attachments Department(s) Approval Grant Contract signed Amendment to Grant with Department of Contract Commerce Amount Budgeted $546,899 Expenditure Required $546,899 Account Number(s): Fund Budget Remaining -0- Additional Required -0- DETAILED SUMMARY STATEMENT: On 3/25/09, City Council authorized the Mayor to sign a grant contract with the Washington State Department of Commerce in the amount of$546,899 to fund Neighborhood Stabilization Program activities. These funds are part of an allocation of federal funds to the State of Washington to address the impacts of foreclosed-upon homes or properties. The City has sub-granted the funds to the Everett Housing Authority, which is working with two non-profit agencies, as follows: Washington Home of Your Own is acquiring 4 eligible properties to lease and later sell to income-eligible buyers, and Parkview Services is providing homeownership assistance to income-eligible buyers to recover 3 eligible properties. Amendment A updates the Statement of Work and Budget in the original contract with the Department of Commerce to classify the home ownership assistance actions described above as"Acquisitions" and increases the allocation for Acquisitions to $525,000. The remaining$21,899 will be paid to the Everett Housing Authority for administration of the program. RECOMMENDATION: Authorize the Mayor to sign Amendment A to Grant Agreement with the Washington State Department of Commerce for Neighborhood Stabilization Program activities. 1 5