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RESOLUTION NO. '`/S-" ) <br /> A RESOLUTION authorizing signing a Memorandum of <br /> Understanding with the Everett Housing Authority and the <br /> Department of Housing and Urban Development to participate in <br /> the Third Round Demonstration Rental Rehabilitation and Regular <br /> Entitlement Rental Rehabilitation Programs. <br /> WHEREAS, the City Council of the City of Everett <br /> recognized the need for certain housing and community <br /> development programs in Everett, and <br /> WHEREAS, funds for 23 Section 8 Existing units have been <br /> made available and it is estimated the annual value of that <br /> subsidy to local landlords and low income tenants will be <br /> approximately $125,028 . 00 each year for at least 15 years for <br /> the two combined rental rehabilitation programs. <br /> WHEREAS, the Citizens Advisory Committee for Housing and <br /> Community Development agreed that the Section 8 Existing <br /> Program combined with rehabilitation assistance would help low <br /> and moderate income persons in Everett through the City' s <br /> Housing Assistance Plan. <br /> WHEREAS, the Rental Rehabilitation Program will <br /> implement the Housing Assistance Plan and the newly adopted <br /> Single Family Policies. <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF <br /> THE CITY OF EVERETT THAT: <br /> 1. The Mayor is hereby authorized to sign a Memorandum of <br /> Understanding with the Everett Housing Authority and the <br /> U.S. Department of Housing and Urban Development for <br /> both the Third Round Demonstration and Regular <br /> Entitlement Rental Rehabilitation Programs. <br /> 2. This Resolution will become part of the formal <br /> application to the U.S. Department of Housing and Urban <br /> Development. <br /> Councilmap/ I trocing <br /> Resolutidn <br /> PASSED_,--AND APPROVED BY CI " COUNCIL THIS AP> DAY <br /> OF '744 ,cr , 1984 . <br /> Pr=si:ent <br />