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RESOLUTION NO. /87 7 <br /> A Resolution authorizing the Mayor to submit a letter to the <br /> Department of Housing and Urban Development requesting that <br /> the $26,000 of 1979 Bonus Block Grant funds be used for the Land <br /> Acquisition and Development Program instead of the Rental <br /> Rehabilitation Program and that the grant period be extended. <br /> WHEREAS, the City has been unable to use the 1979 Bonus Block Grant <br /> allocation for the Demonstration Rental Rehabilitation Project, and <br /> WHEREAS, the 1979 Bonus Block Grant funds must be used to increase lower <br /> income families housing opportunities, and <br /> WHEREAS, the high cost of land and scarcity of available land in Everett <br /> makes it extremely difficult to assure the financial feasibility of low cost family <br /> housing, and <br /> WHEREAS, the Land Acquisition and Development Program administered by <br /> the Everett Housing Authority would use the funds to lower the cost of land and its <br /> development for subsidized housing, and <br /> WHEREAS, an extension of the grant period is necessary, <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br /> CITY OF EVERETT, THAT: <br /> 1. The Mayor is hereby authorized to submit, to the Department of Housing and <br /> Urban Development, a letter requesting that the $26,000 of 1979 Bonus Block <br /> Grant funds be transferred to the Land Acquisition and Development Program <br /> administered by the Everett Housing Authority to revise the application for <br /> land acquisition and development and that the period of the grant be <br /> extended. <br /> c r 6( )(r7-- <br /> 7/ <br /> Co ci man Intr ucing Resolution <br /> PASSED AND APPROVED BY CITY COUNCIL THIS /7 DAY OF vec .drzk, <br /> 1980. <br /> 6,,,,,6 .0.,,,... ---:A__7, <br /> Council President <br />