Resolution 7353 - Laserfiche WebLink

4. The City Council approves the Citizens Advisory Committee recommendation of adjusting all projects awards evenly listed in this resolution based on the difference between the estimate and final award for CDBG and HOME fund. If the award difference is greater than $150,000, the Committee will reconvene to provide an updated funding recommendation. 5. The Mayor is hereby authorized to make formal application to the U.S. Department of Housing and Urban Development for funding assistance in accordance with this Resolution and the requirements of such application. 6. This Resolution will become part of the formal application to the U.S. Department of Housing and Urban Development and to the State of Washington. 7. All payments and income from the Housing Rehabilitation Program(Fund 197) revolving loan fund will be used for CHIP housing rehabilitation and administrative purposes. This is estimated at $300,000.00 for 2019. 8. Capital projects such as recreational facilities, club facilities, health care facilities and similar facilities using Community Development Block Grant funds are required to match funds at a minimum of a 50/50 match. 9. Housing and capital projects funded with Community Development Block Grant, HOME, and Housing Trust (2060) funds will be loans with terms and conditions brought back in contract form for City Council approval unless there is other direction given in this resolution. This does not include loans approved by the Community Housing Improvement Program Loan Review Committee. The loans for the housing projects will be paid back to the City of Everett unless loan forgiveness terms are negotiated on a project specific basis. For rehabilitation projects using Rental Rehabilitation funds there is a minimum of a 50/50 match for these funds now and in the future. 10. For the following programs/projects: Interfaith Association operations, Cocoon House operations, Domestic Violence Services operations, Homage for Minor Home Repair, Everett Housing Authority for Evergreen Cottages, HomeSight, Interfaith Shelter 'B" acquisition, and Housing Hope New Century/Aspenwood rehabilitation project, and all Public Service funding approved in this resolution, the Mayor is authorized to execute the contracts and necessary documents to implement the approved projects. 11. The required application forms and information are to be sent to the U.S. Department of Housing and Urban Development to complete all application requirements and the Mayor is authorized to sign and provide the needed documents. 12. The first priority for HOME funds is for CHIP housing rehabilitation loans, and those funds shall be allocated to the CHIP program as long as they are needed to fund housing rehabilitation loans. For the 2019 Program Year, CHIP has determined, based on program income received, the amount of HOME funds needed for the program is $131,795. The Mayor is authorized to execute the contracts with Snohomish County for the CHIP HOME funds in accordance with the Snohomish County HOME Consortium Interlocal Cooperation Agreement among Snohomish County, the City of Everett, and the City of Maryville currently in effect. 13. The year from which the HOME funds will come from will be worked out with Snohomish County within the Snohomish County HOME contracts.