2015/12/30 Council Agenda Packet

3 part of its annual allocation and citizen participation process for other funds including CDBG, HOME, and State 2060 AFTH funds. Everett opens its grant application process in December each year. Everett has a Citizens Advisory Committee for Housing and Community Development which reviews the grant applications during February and makes a funding recommendation to City Council. City Council makes the final funding decision. Applications will be solicited for NSP-eligible projects to utilize these NSP program income funds. The decisions on what projects to fund will be established as part of this process and will depend on the need at the time and the NSP funds available. All new projects funded with NSP program income will follow applicable NSP rules and regulations. Reporting Everett will send Commerce an annual Program Income Report that will be due by January 15th of the following year(unless otherwise directed by Commerce). This Report will detail program income revenues and expenditures. Commerce will incorporate this program income information into the State's Annual Program Income report. Revising This Plan The City of Everett has the authority to revise this document with a properly noticed Council/Board public hearing, board resolution, and acceptance by Commerce. Everett must send any proposed revisions to this Program Income Reuse Plan to Commerce for review and approval. Then Everett's governing board must approve the revised plan. They will need to conduct a public hearing prior to adopting it. Proof of publishing a public hearing notice, along with a copy of the resolution or ordinance showing the adoption of the revised plan, must be submitted to Commerce. SIGNATURE OF CERTIFYING OFFICIAL: Date TITLE OF CERTIFYING OFFICIAL: Accepted and Certified: MARK K.BARKLEY, Date Assistant Director,Local Government Division Department of Commerce Page 5 Neighborhood Stabilization Program 1 Program Income Reuse Plan • 35