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RESOLUTION NO. 0.2 7,,• Z <br /> A Resolution authorizing signing a memorandum <br /> of understanding with the Everett Housing Authority and <br /> the Department of Housing and Urban Development <br /> to participate in the 1986 Entitlement <br /> Rental Rehabilitation Program <br /> WHEREAS, the City Council of the City of Everett recognized the <br /> need for certain housing and community development programs in Everett, <br /> and <br /> WHEREAS, funds for five Section 8 Existing units have been made <br /> available, and it is estimated the annual value of that subsidy to local <br /> landlords and low income tenants will be approximately $25,000.00 each <br /> year for at least 15 years for rental rehabilitation program. <br /> WHEREAS, the Citizens Advisory Committee for Housing and Community <br /> Development agreed that the Section 8 Existing Certificate/Voucher <br /> Program combined with the rehabilitation assistance would help low and <br /> moderate income persons in Everett and will help reach goals stated in <br /> the City's Housing assistance Plan. <br /> WHEREAS, the Rental Rehabilitation Program will implement the <br /> Housing Assistance Plan and the newly adopted Single Family Policies. <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br /> EVERETT THAT: <br /> 1. The Mayor is hereby authorized to sign a Memorandum of <br /> Understanding with the Everett Housing Authority and the U.S. <br /> Department of Housing and Urban Development for the 1986 <br /> Entitlement Rental Rehabilitation Program. <br /> 2. The Mayor is hereby authorized to submit an application to the <br /> Department of Housing and Urban Development for the 1986 <br /> Entitlement Rental Rehabilitation Program. <br /> 3. This Resolution will become part of the formal application to the <br /> U.S. Department of Housing and Urban Development. <br /> or <br /> Councilman Introduc' g ution <br /> PASSED AND APPROVED BY THE CITY COUNCIL THIS s 7 DAY OF v/c/Z4/ <br /> 1986. <br /> at, -0.41eZly <br /> President 1/1/ , <br /> 1 <br />