Resolution 7321 - Laserfiche WebLink

RESOLUTION NO. 7321 014-17 A RESOLUTION concerning 2018 Supplemental Community Development Block Grant and 2060 Housing Trust Fund reallocations and Annual Action Plan Amendment. WHEREAS, the Everett City Council recognizes the need for certain housing and community development programs in Everett; and WHEREAS, Community Development Block Grant (CDBG) funds have been made available through the United States Department of Housing and Urban Development (HUD)to provide for these programs; and WHEREAS, through Interlocal agreements, the City of Everett received 2060 Housing Trust (AHTF) funds from Snohomish County this year; and WHEREAS,the City of Everett is in receipt of 1990 Housing Trust funds program income funds and is available to redistribute; and WHEREAS, on June 20, 2018 the City Council approved the initial 2018 funding allocations WHEREAS, due to receipt of unexpected program income from loan payoffs and other factors, unused CDBG funds are available for disbursement; WHEREAS, HUD rules require timeliness of grant expenditure; WHEREAS, the Citizens Advisory Committee for Housing and Community Development (CAC) has studied the housing and community development needs and priorities for Everett and has made its recommendations for CDBG funds; and WHEREAS, The City Council recognizes that different funding sources are more suited to certain projects than other funds sources due to regulatory requirements and restrictions; WHEREAS, the Everett City Council has reviewed the recommendations from the CAC; and WHEREAS, the 2018 Supplemental Funding Reallocations and 2018 Annual Action Plan amendment are proposed in cooperation with Snohomish County and local non-profit providers through notice and consultation as required by HUD; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EVERETT THAT: 1