2015/12/30 Council Agenda Packet

EVERETT CITY COUNCIL AGENDA ITEM COVER SHEET 3 PROJECT TITLE: 12/30/15 Briefing COUNCIL BILL# Closeout Agreement with Consent Originating Department Planning Washington State Department 01/06/16 Action Contact Person Jan Meston of Commerce for Neighborhood First Reading Phone Number 425-257-7164 Stabilization Program 1 Second Reading FOR AGENDA OF December 30,2015 Third Reading Public Hearing Initialed by: Department Head CAA Council President Location Preceding Action Attachments Department(s)Approval Amendment No.2 Legal,Planning Amount Budgeted -0- Expenditure Required -0- Account Number(s): Budget Remaining. -0- Additional Required -0- DETAILED SUMMARY STATEMENT: In 2009 the City signed agreement No. 08-F6401-004CA with the Washington State Department of Commerce for$546,899 in Neighborhood Stabilization Program 1 (NSP1)funds to address the impacts of foreclosed-upon homes or properties. In 2009 the City sub-granted these funds to the Everett Housing Authority,which in turn sub-granted funds to 1) Washington Home of Your Own to purchase and rent four properties to low-income persons and 2)Parkview Services to provide down payment assistance to low-income persons to purchase two homes. All funds have been expended for these projects. The attached document will close out the NSP 1 agreement between the City and the state Department of Commerce. This Closeout Agreement includes Attachment A,a Closeout Performance Report for the program, and Attachment B, a Program Income Reuse Plan. RECOMMENDATION: Authorize the Mayor to sign the Closeout Agreement for the Neighborhood Stabilization Program 1 Agreement between the City and the Washington State Department of Commerce to address impacts of foreclosed-upon homes and properties. 13